Uber remains positioned for durable upside driven by profitability momentum, expanding platform economics, and favorable relative valuation.
1. Valuation Advantage
Uber trades at a trailing P/E near 11–12x, materially below peers:
Lyft forward P/E ~17–18x
DoorDash P/E ~115x
Grab P/E extremely high (170–260x range)
Uber is the only major global rideshare/delivery platform with consistent profitability, and the market has not fully repriced that shift.
2. Analyst Price Targets Support Meaningful Upside
Consensus 12-month targets cluster around $110–$116, with upside cases reaching $124–$150. Even the low-end targets (~$78–84) sit near current trading levels, implying an asymmetric risk/reward skewed positively.
3. Business Strength and Growth Drivers
Uber continues to grow U.S. mobility and delivery, with additional runway outside dense urban centers. Management points to incremental growth from logistics, broader delivery verticals, and early AI-driven efficiency gains. Scale advantages in both driver supply and customer demand reinforce network dominance.
4. Macro and Regulatory Overhangs Are Contained
European regulatory pressure and Q4 guidance softness contributed to the recent selloff, but neither alters the structural trend toward rising bookings, margin expansion, and durable cash generation. The core U.S. business remains strong.
5. Competitive Landscape Favors Uber
Lyft competes only in North America and remains margin-constrained. DoorDash is strong in delivery but lacks mobility exposure and trades at a premium valuation that assumes flawless execution. Grab and Meituan compete regionally and do not challenge Uber’s global network scale. Relative earnings power gives Uber stronger downside protection.
Uber offers a combination of low valuation, improving profitability, strong analyst conviction, and dominant competitive positioning. Current pricing reflects short-term regulatory and guidance noise rather than long-term fundamentals. The setup favors a long position targeting a re-rating toward consensus levels (~$110–$120) with optionality for further upside if margin expansion continues.
1. Valuation Advantage
Uber trades at a trailing P/E near 11–12x, materially below peers:
Lyft forward P/E ~17–18x
DoorDash P/E ~115x
Grab P/E extremely high (170–260x range)
Uber is the only major global rideshare/delivery platform with consistent profitability, and the market has not fully repriced that shift.
2. Analyst Price Targets Support Meaningful Upside
Consensus 12-month targets cluster around $110–$116, with upside cases reaching $124–$150. Even the low-end targets (~$78–84) sit near current trading levels, implying an asymmetric risk/reward skewed positively.
3. Business Strength and Growth Drivers
Uber continues to grow U.S. mobility and delivery, with additional runway outside dense urban centers. Management points to incremental growth from logistics, broader delivery verticals, and early AI-driven efficiency gains. Scale advantages in both driver supply and customer demand reinforce network dominance.
4. Macro and Regulatory Overhangs Are Contained
European regulatory pressure and Q4 guidance softness contributed to the recent selloff, but neither alters the structural trend toward rising bookings, margin expansion, and durable cash generation. The core U.S. business remains strong.
5. Competitive Landscape Favors Uber
Lyft competes only in North America and remains margin-constrained. DoorDash is strong in delivery but lacks mobility exposure and trades at a premium valuation that assumes flawless execution. Grab and Meituan compete regionally and do not challenge Uber’s global network scale. Relative earnings power gives Uber stronger downside protection.
Uber offers a combination of low valuation, improving profitability, strong analyst conviction, and dominant competitive positioning. Current pricing reflects short-term regulatory and guidance noise rather than long-term fundamentals. The setup favors a long position targeting a re-rating toward consensus levels (~$110–$120) with optionality for further upside if margin expansion continues.
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Bought UBER Feb20'26 85 Call AVG Price 5.75 USD 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.