UBER Stock Recent News

Many younger Americans are opting to forego car ownership in the era of ride-hailing. It’s not just costly to buy or finance a new vehicle in this tough inflation-plagued economy, but car insurance, gas (or charges if you’re using an electric vehicle), regular maintenance, oil changes, tolls, and parking (as well as the occasional ticket) really do add up. And while you can Uber (or Lyft) to most places in the city, one does forgo a bit of freedom to go on those spontaneous road trips or bulk hauls over at the local Costco. Indeed, with grocery delivery becoming the new norm for many young families and ride-hailing the new way to get around, I’d argue that the most economically viable move is to stick with ride-hailing rather than vehicle ownership. At the end of the day, it’s nice and flashy to have your own car, but it’s a liability and a very expensive one to park in your garage. While lifestyle should definitely play a major role in one’s decisio

The likes of UBER, DASH,and LYFT ride the gig economy boom, offering investors flexible plays in a $2.15T market by 2033.

Recently, Zacks.com users have been paying close attention to Uber (UBER). This makes it worthwhile to examine what the stock has in store.

Uber Technologies is in a prime position to benefit from autonomous vehicle adoption, leveraging its established network without heavy capital investment. The company has achieved strong profitability, with expanding margins and 20%+ earnings growth projected through 2027, yet remains attractively valued. UBER's free cash flow and optionality enable buybacks, and acquisitions, or even make it an appealing acquisition target for tech giants like Alphabet or Tesla.

Getting investing ideas and inspiration from the most successful money managers on Wall Street isn't a bad approach, but you should still do your due diligence before pressing the buy button. Let's apply that strategy by looking at Pershing Square Capital Management, a hedge fund led by the billionaire Bill Ackman.

“I would never even consider tipping less than 20% if it were a personal ride.”

Uber's global scale, diversification, and strong network effect make it a safer long-term investment than Lyft, justifying its valuation premium. Lyft offers a cheaper valuation and solid growth, but its smaller scale and higher uncertainty make it riskier and less compelling for long-term investors. Uber's superior profitability, execution, and ability to capture industry trends support my Buy rating, while Lyft's upside is more speculative, earning a Hold.

This week's stocks to watch stretch across the consumer, technology and financial sectors.

George Gianarikas, Canaccord Genuity analyst, joins 'The Exchange' to discuss robotaxi's impact on Uber and Lyft.

The Investment Committee take their positions in the autonomous vehicle battle, Tesla vs. Uber.