Uber Not the Best Buy for 2026 Despite Long-Term Hold

18 days ago

Parkev Tatevosian, CFA

"So, is Uber one of the best stocks or the best stock to buy for 2026? I'm going to say no. And the primary reason for that is the risks from driverless car technology over the next 12 months will continue to weigh on Uber's valuation. It'll be a sort of ceiling on Uber that it can't expand beyond because for one reason or another, investors believe the marketing coming from Tesla. So if Tesla achieves an incremental step forward, Tesla's going to be able to sell that to investors as 25 steps forward. And so that's going to keep a lid on Uber stock over the next 12 months in my opinion. So I wouldn't expect Uber stock price to appreciate all that significantly in 2026. Now, if you had a longer view, if you had a longer term perspective, if you were investing, if I was talking about the best stock to buy over the next 5 years or maybe the next 10 years, I would be a lot more positive on Uber. And personally, in my own portfolio, I do have a longerterm perspective. So, I'm not interested at all in selling any of my Uber shares. And in fact, I'll be interested in buying more Uber stock throughout 2026 as long as it remains around these valuations."

The speaker explains that despite Uber's strong performance in 2025, he does not consider it the best stock to buy for 2026 due to near-term risks from driverless car technology—particularly the influence of Tesla's marketing. However, he maintains a long-term bullish stance on Uber, stating he intends to hold and potentially add to his position if valuations remain attractive over the coming year.

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