Uber Technologies (UB) Buy with Option Strategy for Pullback

8 days ago

Mark Ren

"Beginning with stock number one, which is going to be Uber Technologies, stock ticker UB. And when it comes to Uber, it is one of my favorite growth stocks on the market today. They've been under pressure with news centering around robo taxis, yet I believe the discounting is overblown. Uber currently has a market cap of $24 billion, with shares up 15% over the past 12 months and 46% year-to-date. Using full 2026 EPS estimates, shares trade at only 26 times, which is incredibly cheap. Analysts give it a 12-month price target of $111 per share, indicating a 20% upside. If the market pulls back another 10 or 15%, a cash secured put, such as the November 21st $85 put, could be an attractive option strategy."

The speaker highlights Uber as an undervalued growth stock trading at attractive multiples relative to future EPS estimates. With significant upside noted by analysts and the possibility of enhancing returns via a cash secured put if a market pullback occurs, the call is to consider buying Uber (UB) either directly or through an option strategy.

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