Uber Trade Call: Buy the Dip Around $85

3 months ago

"Now, for me personally, I own Uber. I have a decent stake. I want to buy more. So, I'm in a good position to be a little bit more patient, I would say. So, for me personally, let's say I did not own Uber. If it was me, I would be maybe starting a position here and dollar cost averaging down. Again, not financial advice, but this is what I would likely do. But for me, because I have a stake in the company and because I'm seeing other opportunities, I think the ideal buy range, or I would say the price range where it is too cheap to ignore, is likely around $85 per share. So, if Uber gets to 85 or below, I'm going to be heavily buying the stock like a lot. And if it doesn't get there, I will likely be maybe buying small buys here and there to increase my stake. But I still love Uber over the next 5 years."

The speaker provides an explicit trade call for Uber, indicating he would aggressively increase his position if the share price falls to around $85. He cites the stock's strong fundamentals and low valuation (18 times cash flow) as catalysts, and notes his long-term conviction in the company.

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