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Uber Technologies Inc UBER Stock Quote

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Morningstar‘s Uber Stock Analysis UBER

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat


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Strong Q3 Indicates Uber May Be Resistant to Macro Uncertainties; Shares Remain Attractive

Ali Mogharabi Senior Equity Analyst

Analyst Note

| Ali Mogharabi |

We were pleased with Uber’s impressive third-quarter results as the firm saw strong demand and generated positive adjusted EBITDA and free cash flow. Uber continues to progress toward GAAP profitability, which we still project will be in 2024. Improvements on the demand and supply sides of the platform indicated further strengthening of Uber’s network effect moat source. Surprisingly, with significant macro uncertainties in the U.S. and globally, management still sees higher demand in the fourth quarter. We are maintaining our $73 fair value estimate. While the stock is up 13%, we still view the shares of this narrow-moat firm as attractive.

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Key Statistics UBER

Company Profile UBER

Business Description

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 110 million users that order rides or foods at least once a month. Approximately 76% of its gross revenue comes from ride-sharing and 22% from food delivery.

1515 3rd Street
San Francisco, CA, 94158
T +1 415 612-8582
Industry Software - Application
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 32,600