Uber Analysis

28 days ago

"Uber is now a verb. When people need a ride, they say 'Uber it.' The company holds a massive 76% of the US ride hailing market and monthly active users have grown 17% while gross bookings are up over 20%. It is also building a strategic position in the self-driving race by partnering with companies like Whimo and Nvidia. Shares have risen from April lows at $64 to around $80 now, and a quick analysis shows a potential middle price target of 160 with a possible return of 18.5%. My recommendation is to do some more research on that."

Uber's commentary emphasizes its dominant market share, improving user engagement, and promising strategic partnerships, supported by an analysis that suggests an attractive potential return.

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