Absolutely beautiful play on Uber so far. If you check our previous charts, we've been buying $Uber between the $28-$33 range and up +60% on this one so far. Anything under that $45 IPO price on this one was a gift. We've moved up our stop loss to lock in out gains, but we still love this stock for the long term haul.
Uber recently closed it's deal with...
Check out our previous $Uber posts for more in depth analysis.
This is just your quarterly reminder that:
1. Uber is surviving the pandemic
2. Uber Eats thrived during the pandemic
3. Uber just won its appeal against the London ban
4. Uber is still below is $45 IPO price from over a year ago
We're in this one overall for the long haul, but we love to swing...
Analyst earnings review
UBER had third-quarter earning results above the top- and bottom-line S&P Capital IQ consensus expectations.
However, we still expect losses in Uber Eats, along with more aggressive investments in ATG, to delay Uber’s first full-year adjusted EBITDA until 2022.
Analyst target: $58
Uber's IPO lock-up period over!!
Tomorrow ...
