If you choose to trade CFDs, you can follow the Uber stock performance live in USD with the comprehensive Uber share price chart. However, Uber has partnered with companies like Waymo, Volvo, and Nuro to integrate autonomous vehicles into its network as they become available. Gross bookings grew 18% in 2024 to $162.8 billion, driving a similar increase in revenue to $44 billion. GAAP (generally accepted accounting principles) operating income more than doubled to $2.8 billion, and it reported nearly $7 billion fxchoice review in free cash flow. In contrast to the situation just a few years ago, the numbers across the board indicate a healthy, growing business.
Uber’s Best Days Are Yet To Come – Here’s Why It’s A Strong Buy (Rating Upgrade)
This budget-friendly alternative How does forex work permitted drivers to use their cars provided they passed background checks and met insurance, registration and vehicle quality standards. UberX expanded to 35 cities within a few months, demonstrating its popularity among cost-conscious riders. In August 2014, Uber extended its services by introducing Uber Eats, a food delivery platform.
The stock jumped 6.6% on Friday after he made the announcement, and as of the close of trading that day, Pershing Square’s stake was worth roughly $2.26 billion. Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you. Similarly, analyst Justin Post of Bank of America Securities has kept a Buy rating on Uber’s stock.
In December 2010, Kalanick succeeded Graves as CEO, and Graves became the chief operating officer. Uber’s current CEO is Dara Khosrowshahi, who replaced co-founder Travis Kalanick of Uber in August 2017. He also called the company “one of the best managed and highest quality businesses in the world” and said it was trading at a massive discount to its intrinsic value. Billionaire Bill Ackman, the CEO of Pershing Square Capital Management, is known for investing in cash-flowing consumer stocks and making contrarian bets. Indeed, it currently says that options traders are expecting a 8.75% move in either direction. It followed the second quarter of 2023 with a net income of $221 million, a considerable year-over-year bounce from a $1.2 billion loss in the third quarter of 2022.
Uber Stock Surges as Ackman’s Pershing Square Builds Position in Ride-Hailing Company
The Investment Committee give you their top stocks to watch for the second half.
Uber Hits A Speed Bump, But The Ride Back To $80 Looks Relatively Smooth
First, you can buy physical shares in the company through the exchange on which it’s listed. In this case, investing in Uber stock means you will own a share, or shares, in the company. This can be considered a long-term investment, as you’re hoping for the price to rise over time. 2023 marked a turning point for the stock though, as profitability increased and bookings rose across ride-hailing, food delivery and commercial freight. The longer-term plan will likely involve autonomous self-driving vehicles, meaning eliminating the cost of human drivers. Lyft (LYFT) CEO David Risher joins Julie Hyman and Josh Lipton on Market Domination to discuss Uber’s (UBER) autonomous driving partnership and Lyft’s strategy around the emerging technology.
- Post lockdowns, the stock recovered amid cost-cutting measures including layoffs and offloading of its autonomous vehicle division.
- Over the previous 90 days, Uber Technologies’s stock had 2 downgrades by analysts.
- Get step-by-step guidance on investing in Ford stock and learn the ins-and-outs of this automotive company.
- Uber reported revenues of $11.96 billion in the last reported quarter, representing a year-over-year change of +20.4%.
- You can learn how to trade shares in our comprehensive guide to shares trading.
- As the energy, transportation, and food and beverage sectors go, so goes Uber.
Stock
Top institutional investors of Uber Technologies include Vanguard Group Inc. (8.58%), Capital Research Global Investors (5.61%), Geode Capital Management LLC (2.07%) and Capital World Investors (1.44%). Insiders that own company stock include Dara Khosrowshahi, Nelson Chai, Jill Hazelbaker, Tony West and Amanda Ginsberg. It’s hard to find fault in Uber’s numbers, and the stock looks reasonably priced at a forward P/E of 30. Membership in Uber One — a loyalty program that offers discounts and perks for Uber and Uber Eats — grew by 60% in 2024 to 30 million, locking in customers and giving Uber another reliable revenue stream.
- Learn all about Uber, with information on the company’s history and share price journey, its share trading hours, and how to trade Uber share CFDs with Capital.com.
- Shares of Uber Technologies jumped to a three-month high on Friday after billionaire hedge fund manager Bill Ackman announced that he had taken a position in the ride sharing platform.
- The company topped consensus revenue estimates each time over this period.
- Uber’s current CEO is Dara Khosrowshahi, who replaced co-founder Travis Kalanick of Uber in August 2017.
- Uber’s Q4 FY24 results were unimpressive and there are no positive beats on guidance to compensate.
- After all, it’s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues.
By the third quarter of 2024, net income had climbed to $2.6 billion (although $1.7 billion was attributed to adjustments in the company’s equity investments). However, it’s important to keep in mind that even a disruptive business can be disrupted by factors outside its control. Privacy Policy
UBER Stock Analysis – Frequently Asked Questions
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock’s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. The onset of the Covid-19 pandemic in 2020 saw the stock’s value decrease by almost 50% as travel restrictions and lockdowns became the order of the day. However, Uber Eats saw an uptick as demand increased for food deliveries.
