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Uber Technologies Inc - Stock Quote UBER

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Morningstar's Uber Technologies Inc Stock Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Uber Reported Strong Q1; Guidance Exceeded Expectations; Shares Undervalued

Ali Mogharabi Senior Equity Analyst

Analyst Note

| Ali Mogharabi |

With the market disappointed with guidance from peer Lyft, Uber's shares have been dragged lower despite the firm’s solid first-quarter results and second-quarter guidance. Also, Uber now expects to generate free cash flow for the full year. In our view, the strengthening of Uber’s mobility segment, the availability of drivers, continuing growth in delivery, and an overall increase in usage of Uber’s platforms by consumers support the firm’s network effect moat source, which continues to drive expanding margins. We have not made significant changes to our model and are maintaining our $73 fair value estimate. We view narrow-moat Uber as an attractive investment.

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Uber Technologies Inc's Company Profile

Business Description

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 110 million users that order rides or foods at least once a month. Approximately 76% of its gross revenue comes from ride-sharing and 22% from food delivery.

Contact
1515 3rd Street
San Francisco, CA, 94158
T +1 415 612-8582
Sector Technology
Industry Software - Application
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Speculative Growth
Employees 30,900

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