The 15.5% weighting of its Uber stock was the most of any fund tracked by the site. It followed the second quarter of 2023 with a net income of $221 million, a considerable year-over-year bounce from a $1.2 billion loss in the third quarter of 2022. By the third quarter of 2024, net income had climbed to $2.6 billion (although $1.7 billion was attributed to adjustments in the company’s equity investments). If you’ve decided the pros of investing in the company outweigh the cons, complete the order page, click the “Place Order” button at the bottom, and become an Uber shareholder.
After starting trading at $45 per share, Uber stock dropped like a rock to $41.70, suffering the largest first-day loss in U.S. history. The news got worse from there, with Uber reporting a $5 billion loss and slowest-ever revenue growth only three months later. Uber stock was expected to be one of the hottest new investments when it completed its initial public offering (IPO) in 2019, valued at as much as $120 billion.
Can I buy shares in Uber?
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- Uber (UBER) shares slide into negative territory on Thursday amid speculation around Tesla’s (TSLA) rollout of robotaxis in Austin, Texas, on June 12.
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In July 2015 Uber became the most valuable start-up backed by venture capitalists, valued at $51 billion. After demonstrating its service at an app showcase in San Francisco known as the SF AppShow, Uber began offering rides in that city in 2010. Though the rides were approximately one and a half times more expensive than a cab at the time, Uber quickly gained popularity for its convenience of hailing a ride through a smartphone.
Evaluating Uber’s Financial Performance Before Investing
Uber’s stock has reached all-time highs, reducing the margin of safety despite strong recent results and improved prospects. My fair value model suggests Uber offers ~10% annual returns at current pri… Powered by a logistics-specific LLM, Uber Freight’s AI unlocks real-time intelligence, optimization and execution for smarter, faster decisions across the full freight lifecycle Powered by a logistics… Uber stock price plunged hard this week as concerns about competition from Tesla rose. According to ETF.com, 282 funds held 174 million shares of Uber in late 2024. Transportation ETF (IYT 0.24%) had 1.88 million shares of its holdings in Uber stock.
- Navigating the stock market to purchase shares in Uber requires both tactical knowledge and strategic insight.
- Although tariff uncertainty persists, summer-centric industries can offer Strong Buy-rated stocks despite market volatility.
- A recent Tesla job posting also confirms the company is hiring engineers to build remote teleoperation tools for its robotaxis and Optimus robots.
- Uber Technologies scored higher than 97% of companies evaluated by MarketBeat, and ranked 26th out of 657 stocks in the computer and technology sector.
- As ride sharing began to recover and vaccinations increased at the start of 2021, the share price increased in line with other tech stocks.
In August 2014, Uber extended its services by introducing Uber Eats, a food delivery platform. It also unveiled a carpooling feature in the San Francisco Bay Area, which soon spread to other cities globally, enabling passengers to share rides and save on fares. Whether Uber is a good stock to buy depends on risk tolerance, trading strategies, and market conditions.
In Uber’s case, the company needs to keep an eye on variables like gas prices, increasing food costs slowing restaurant traffic, and legal issues, including lawsuits and increased regulatory oversight. Make sure you consider the risks and rewards before you buy Uber stock. Uber (UBER) shares slide into negative territory on Thursday amid speculation around Tesla’s (TSLA) rollout of robotaxis in Austin, Texas, on June 12. Catch Tesla investor Ross Gerber share his thoughts on Waymo’s robotaxi model as compared to Tesla’s plans. Synopsys (SNPS) suspends its guidance for its current fiscal third quarter and full-year 2025 as it digests new export controls on shipments to China.
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The company has a market capitalization of $175.66 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a alpari review current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies (UBER) raised $8.5 billion in an initial public offering on Friday, May 10th 2019.
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Yes, international investors can purchase Uber stock through brokers offering access to U.S. markets, though specific requirements vary by country. International investors need a broker with NYSE access, appropriate tax documentation (typically W-8BEN form), and should understand currency conversion costs (typically 0.5-2%). Pocket Option provides global market access with multi-currency accounts, eliminating the need for constant currency conversions.
Conclusion: Building Your Position in Uber
Tesla’s robotaxi program is scheduled to launch officially on June 12, with the first phase expected to involve 10 to 20 Model Y vehicles running the latest version of Tesla’s Full Self-Driving (FSD) software. According to industry analyst Gary Black, these vehicles will be remotely supervised by trained teleoperators, indicating a step toward unsupervised autonomy. A recent Tesla job posting also confirms the company is hiring engineers to build remote teleoperation tools for its robotaxis and Optimus robots.
Wells Fargo & Company raised their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, KGI Securities reaffirmed a “neutral” rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.91. The business’s signature product is an application for smartphones that allows users to request transportation from drivers of privately owned vehicles. In addition to connecting passengers with drivers, Uber’s computer algorithm sets the fares for their trips based on distance and supply and demand.
Despite its slow climb to profitability, a number of exchange-traded funds (ETFs) have acquired Uber stock. ETFs are an excellent way for investors to hedge their bets since they comprise a basket of similar stocks. Do you want to buy all your Uber stock at once, or do you want to purchase shares periodically through dollar-cost averaging?
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Although tariff uncertainty persists, summer-centric industries can offer Strong Buy-rated stocks despite market volatility. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. It’s impossible to say where any stock, let alone Uber, will be in five years. But remember, investing in the market over time is always better than trying to invest by timing the market.
A dividend is possible in the future, though share buybacks will likely be the company’s preferred vehicle for driving shareholder value in the short term. Although Tesla’s FSD has not yet received regulatory approval for unsupervised operation, its early deployment of remotely monitored autonomous vehicles highlights a potential shift in the competitive landscape. Uber’s decline comes fxtm forex broker review amid investor reaction to the accelerating timeline of Tesla’s autonomous ambitions. The company, originally named UberCab, was the product of a brainstorming session between entrepreneurs Garrett Camp and Travis Kalanick in 2008.
The app also includes features like fare estimates, route tracking, driver ratings, and various payment options, which contribute to its widespread use and popularity. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, difference between information and data and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, personal finance education, top-rated podcasts, and non-profit The Motley Fool Foundation.
Despite the controversies, Uber has committed to carbon neutrality globally by 2040, and by 2030, in most countries, rides will move exclusively to electric vehicles. The company has also formed various partnerships and acquisitions, such as with IT Taxi in Italy, Cornershop for grocery delivery and Postmates for alcohol delivery. Uber continues to expand its services and develop new offerings, such as Uber Works, Uber Green and Uber Eats. The company has recently announced plans to become an emission-free platform and is investing in self-driving cars. Although relatively new to the brand-name-as-a-generic concept, ridesharing company Uber has already disrupted the transportation and food delivery markets since its founding in 2009 and continues to expand.