Why we’re BULLISH Uber?

Uber’s stock currently trades about 35% below its initial public offering (IPO) price of $45. The bulls retreated as the pandemic temporarily disrupted its ride-hailing business, while formidable competitors like DoorDash challenged its Uber Eats food delivery segment. Its lack of profits also made it an unappealing investment as interest rates rose.

However, Uber divested its Southeast Asian, Chinese, and Indian subsidiaries and its money-losing advanced technologies group (ATG) over the past few years to narrow its losses. Its ride-hailing business also stabilized last year as the lockdowns ended, and it acquired Postmates to strengthen Uber Eats’ position against DoorDash.

As a result, Uber’s revenues are now rising, its net losses are narrowing, and its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) has remained positive over the past

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https://morninghedge.com/why-were-bullish-uber/

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