Uber: Why You Should Catch This Falling Knife (Upgrade)
Portfolio Pulse from
Uber has been upgraded from a Sell rating despite recent declines. The company faces potential long-term disruption from competitors like Waymo and Tesla. However, the immediate concern for investors is the deceleration in near-term gross bookings growth due to tougher comparisons.
December 18, 2024 | 1:45 pm
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Uber has been upgraded from a Sell rating despite recent declines. The company faces potential long-term disruption from competitors like Waymo and Tesla. However, the immediate concern for investors is the deceleration in near-term gross bookings growth due to tougher comparisons.
The upgrade from a Sell rating suggests a neutral to positive outlook despite recent stock declines. Long-term risks from competitors like Waymo and Tesla are noted, but the immediate investor focus is on the deceleration of gross bookings growth, which could stabilize the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100