Uber: Eyeing Net Profit In 2023
Post Id: 19 | Posted Date: 2023-06-29 03:54 PDT | Views: 49 | Likes: 0
Summary
- We continue to be buy-rated on Uber Technologies, Inc. The Stock is up nearly 58% since our buy rating in early October, outperforming the S&P 500 by roughly 28%.
- We expect Uber to continue to outperform in 2023, driven by post-pandemic tailwinds of customers returning to work/travel, causing mobility to surge.
- Consistent with our investment thesis in May, we see Uber generating profit for the first time since its inception this year; the company is now generating free cash flow.
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