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Uber

$UBER LONGThe chart for Uber Technologies Inc. NYSE:UBER indicates the end of a Wave 2 correction and the beginning of a Wave 3 rally within the context of Elliott Wave theory. This suggests a strong upward trend could be underway, with significant potential upside. Analyst Price Targets for NYSE:UBER : 1. Mark Mahaney (Evercore ISI Group): Increased price target to $120, citing strong fundamentals and expansion into new markets. 2. Ivan Feinseth (Tigress Financial): Maintains a ‘Buy’ rating with a price target of $103, emphasizing growth in delivery services and mobility recovery. 3. Andrew Boone (JMP Securities): Reiterates ‘Market Outperform’ with a price target of $95, driven by Uber’s profitability improvements and growth in gross bookings. The overall consensus among analysts is a target range of $90-$120, reflecting a potential upside of 40%-70% from current levels. This aligns with technical signals that indicate a bullish continuation phase as Wave 3 unfolds.
NYSE:UBERLong
by FairValueBuffet
20% downside risk still persists MT ; Long term upside 100%- In the short term, NYSE:UBER price can go down to test $47 at 200 SMA on weekly timeframe. - This will present a solid opportunity to buyer Uber at an attractive valuation. Risks & Opportunities: - Many investors are selling it because of AV i.e waymo & robotaxi by tesla. - These AVs are not a risk for at least 3-5 years. On top of that, Uber is a global platform which allows one to use the same app in various countries. - AVs are capital intensive and will eat up lot of capital from Google & Tesla. It is not scalable beyond US where there's huge population like Asia or where the roads aren't good, traffic signs are confusing. Therefore, there will always be a demand for rideshare with an actual driver. - Rideshare with driver will always be cheaper to operate in countries where population is high & labour is cheap like south America, asia, south-east asia. It is capital light because car is of the cab driver whereas for AV, the car needs to be modified, infrastructure needs to be maintained, software updates, car maintainence etc can't compete with rideshare with human driver. - Uber is a "verb" for ride hailing and can be used as a benchmark for right pricing as local taxi drivers might dupe tourists. - CEO Dara is amazing and has turned Uber from a loss making company to a profit generating machine. His execution is top class. - I remember when Uber & Lyft used to trade hand in hand till 2022. But Dara's execution proved Uber to be a rideshare winner. - Uber should perform well even if we hit a recession because in a recession although there would be demand compression but the supply of drivers will increase ( gig economy ) so price paid to driver will decrease ( simple supply & demand ) which will lead to stabilization of margins. - People ain't stopping to buy food from uber eats as they are too lazy to cook and won't stop taking rides if they have to go from A to B. Plus, in a recession, people are likely to invest less in buying new car which can be seen from cooling down of auto industry despite several rate cuts. Disclaimer: - I'm nibbling Uber as it goes down and want to build this as my biggest position for a safe & asymmetrical returns of 60-100%+
NYSE:UBERShort
by bigbull037
Uber Shares Drop Nearly 10%Uber Shares Drop Nearly 10% In 2024, Uber Technologies (UBER) stock has come under significant pressure, partly due to mounting competition: → Tesla is reportedly advancing its autonomous taxi development. → Yesterday, Waymo (owned by Alphabet, Google’s parent company) announced plans to train its driverless taxis in Miami in 2025, aiming to launch the service in 2026. According to Business Insider, Uber and Lyft drivers report that Waymo's autonomous taxis, already operating in Phoenix and other cities, are noticeably impacting their earnings. This seems to exemplify a scenario where humans are being replaced by robots. What’s Next for Uber Stock? Technical analysis of UBER's price chart shows the stock remains within a long-term upward channel (indicated in blue), but bearish signs are emerging: → The price spike in October to an all-time high resulted in a false breakout of resistance at $82. → Late October saw a large bearish gap, sending the price below $76, which then acted as resistance in November. → Currently, UBER shares are trading below $68, a key support level since early autumn. This creates a downward trend on the chart (highlighted by orange lines), threatening to breach the long-term upward trajectory. However, bulls may attempt to leverage support from the lower boundary of the channel to regain momentum. Analysts remain optimistic. According to TipRanks: → 34 out of 36 analysts recommend buying UBER stock. → The average 12-month price target for UBER is $93.26. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:UBER
by FXOpen
2
UBER Breakaway or Pullback? Trend Analysis Bullish Momentum: Strong upward momentum with a recent gap up indicates bullish sentiment. Breakout: Price has broken through previous resistance levels, suggesting continuation. Price Action Analysis Gap Up: Significant gap up on high volume signals strong buying pressure. Pullback Levels: Potential support near $82 could provide buying opportunities. Indicator Analysis Volume Surge: High volume confirms the strength of the breakout. EMA Support: Exponential Moving Average trending up, supporting the bullish outlook. Forecast Summary Expected Movement: Anticipate further upward movement, possibly testing new highs. Key Support and Resistance Levels: Support Level: Around $80, previously a resistance. Resistance Level: Near $87, recent high. Additional Support: Potential at $77, recent consolidation area. Additional Resistance: Beyond $87 towards $90, historically significant zone. Triggers/Events: Earnings reports or market news may impact volatility and direction. Trading should focus on buying opportunities during pullbacks, monitoring key support levels, and staying alert for market events that could influence price dynamics.
NYSE:UBERLong
by candlefire-trading
$MBLY MASSIVE SHORT SQUEEZE / SYMMETRICAL TRAINGLE BREAKOUT!!!!!NASDAQ:MBLY IS 31% SHORTED AND HAS A SHORT FLOAT OF 16-17% ON THE SHARES OUTSTANDING! WE ARE GEARING UP FOR A MASSIVE SHORT SQUEEZE ALONG SIDE SYMMETRICAL TRIANGLE BREAKOUT!!! Mid-September Playout = Mid-October 11 DAY SETUP! - Bounced off 25/50 SMA AND started a Symmetrical Triangle. - Ran 17.8% into 200MA Resistance - Pulled back 7.05% - Bounced off 50MA, Ran 19.33% - Pulled back 14.37% - Then Ran 25.77% BEFORE GIVING IT ALL BACK DOWN TO SYMMETRICAL TRIANGLE BOTTOM These price targets (PT) and pull backs (PB) are based off Mid-September Playout and a breakout of the Symmetrical Triangle pattern! UNDERSTAND! WHEN THIS THING BREAKS UPWARD OUT OF THE SYMMETRICAL TRAINGLE WE COULD HAVE AN EPIC SHORT SQUEEZE HIGHER TO $20+ !!!!! Also, there is a GAP to fill at $20.01 if you want to play the longish game on this one! PRICE TARGETS AND PULLBACKS LISTED BELOW: PT1: $13.77 PB1: $12.80 PT2: $15.27 PB2: $13.07 PT3: $16.45 PB3: $13.15 Not financial Advice! Good luck!
NASDAQ:MBLYLong
by RonnieV29
Uber (UBER): What a ride!Uber (UBER): NYSE:UBER We've recently added Uber to our portfolio, noting its astonishing 400% rise from the COVID-19 low of $13.71. This surge is significant, and we anticipate that in the current wave 3 we're experiencing, the price could reach between $101 and $201. The precise target seems to lean towards the $101 mark, aligning with the 161.8% extension level. Currently, the high is at $81.86. We expect a pullback in the coming days and weeks to between $59.40 and $52.46, corresponding to the 38.2% to 50% retracement levels. There's a possibility of forming an Expanded Flat leading to wave 4, a pattern observed in waves 1 and 2, suggesting a potential deviation from the anticipated zigzag or other formations. Thus, surpassing the $81.86 mark would not be incorrect, provided it does not exceed the 138% threshold. Following this wave 4, we foresee the completion of wave 3 at a minimum of $101. A limit order will be placed at the first sign of weakness.
NYSE:UBERLong
by freeguy_by_wmc
1
Uber (UBER): Missed the Rally? Here comes new opportunitiesIt's been a while since we last looked at Uber, and the stock has moved perfectly since then. Uber reacted exactly as expected to our desired area, but unfortunately, we didn’t buy any shares at the time. If you did, congratulations – this position is now up 60.8%! Shares of rideshare companies Uber Technologies and Lyft surged on Friday, following Tesla's underwhelming Robotaxi reveal. Uber has shifted its focus away from developing autonomous vehicles and is instead concentrating on expanding its marketplace for riders and drivers. This shift has created a robust network effect, making it increasingly difficult for competitors to match Uber's scale, according to a recent report by Business Insider. Uber’s asset-light business model, which doesn't involve owning or maintaining vehicles, has been financially successful, generating $1.7 billion in free cash flow in the second quarter. Now, Uber has reached a new all-time high, and if we look back at the chart, it's easy to see a clear and powerful pattern. After entering our desired area, Uber made a sharp V-shaped correction, followed by a key level retest. In a short period, NYSE:UBER turned bullish, marking a complete turnaround. We will be closely watching Uber Technologies' upcoming earnings report, scheduled for October 31, 2024. After this event, we’ll update our chart and look for possible new opportunities.
NYSE:UBERLong
by freeguy_by_wmc
15
Uber Stock Surges 9% Following Tesla’s Robotaxi RevealUber Technologies Inc. (NYSE: NYSE:UBER ) saw a sharp rise in its stock price, jumping nearly 9% in Friday's trading session. The catalyst for this upward movement appears to be Tesla’s much-anticipated Robotaxi event, which failed to impress investors. Tesla (NASDAQ: NASDAQ:TSLA ) unveiled its Cybercab concept vehicle but fell short of delivering concrete details about the timeline and implementation of its self-driving technology, which reassured investors in companies like Uber that rely on the traditional and autonomous rideshare business. Why Tesla's Cybercab Fumble Boosts Uber Tesla’s Robotaxi event was widely expected to present a major disruption to the ridesharing market, but its failure to provide substantial progress toward Level 3 autonomy (where a car can drive itself under certain conditions without human intervention) has given Uber a window to strengthen its position. According to Jefferies analysts, Tesla’s "toothless taxi" ended up being a favorable outcome for Uber, especially since Tesla did not reveal a clear strategy for scaling its robotaxi fleet or any immediate advances in its autonomous vehicle (AV) technology. Why Uber is Poised to Benefit Jefferies analysts have indicated that Uber (NYSE: NYSE:UBER ) is in a strong position to capitalize on autonomous driving as AV developers seek partnerships with established rideshare companies rather than attempting to build and manage their own fleets. Uber’s massive global presence and partnerships with autonomous developers, such as Waymo in Austin and Atlanta, give the company an advantage as it can offer fleet management, local regulatory expertise, and fleet optimization services. In the long term, this could help Uber maintain dominance as AV technology matures. BMO Capital Markets analysts echoed this sentiment, highlighting that the cost of scaling Tesla’s Cybercab project to compete with Uber would be astronomically high, estimating Tesla would need to spend upwards of $100 billion to match Uber's driver supply levels. Given Uber's established infrastructure, the company is better positioned to navigate the ride-hailing market's evolution into the AV era. In addition, recent developments like Uber's AV partnerships (particularly with Waymo) and its diverse ride-hailing and food delivery operations have made it a more resilient company in the face of technological shifts in the transportation industry. Citi analysts also reiterated a Buy rating on Uber, predicting it will continue to gain from the growing presence of AVs while maintaining its driver supply network. Technical Analysis From a technical standpoint, Uber’s stock price has displayed significant bullish momentum. The stock rose by 9.61% on Friday, signaling strong investor confidence. The daily price chart shows a clear gap up pattern, typically a bullish indicator signaling strong buying interest and demand for the stock. The Relative Strength Index (RSI) has climbed to 76.62, which places it in the overbought zone. While this could indicate that the stock may experience a brief pullback or cooling off, it is also a sign that momentum is currently in favor of the bulls. However, given the stock's recent strength and broader market optimism, a slight retracement could act as a consolidation before resuming its upward trajectory. Uber’s stock has also broken above several key moving averages (MAs), further underscoring the bullish case. In particular, the stock is trading well above its 50-day and 200-day moving averages, two important indicators for long-term price trends. When a stock maintains its position above these averages, it typically signals that investors are optimistic about the company’s long-term growth potential. Additionally, analysts expect Uber (NYSE: NYSE:UBER ) to climb toward a key resistance level at the $91 pivot, which represents a psychological and technical level that the stock could test after a period of consolidation or slight regression. The bullish thesis remains intact as long as the stock continues to trade above its key moving averages and fundamental growth factors, such as its AV partnerships, support future growth. Outlook: Uber’s Path to Continued Growth Despite Tesla’s ambitious plans, the details surrounding its robotaxi fleet remain vague, leaving Uber well-positioned to continue dominating the mobility market for the foreseeable future. As more AV developers seek partnerships rather than building standalone fleets, Uber will be the go-to platform for AV integration into public transportation systems. In conclusion, the failure of Tesla to provide actionable details about its robotaxi service has reinforced Uber’s role as the dominant player in the ride-hailing space, with strong potential to benefit from future AV integration.
NYSE:UBERLong
by DEXWireNews
$LYFT Breaks Downtrend LineNASDAQ:LYFT I thought I published this idea back on September 17th when I went long. I started with a ½ size position on that date. I added additional shares on Monday the 23rd and again yesterday to bring it up to a full-size position. I am now hoping it will consolidate some of these gains. This is one I plan on trading around, meaning I may take some profits and look to add back or if it does not fall below the 5 DMA (white) and simply consolidates there I may simply add. It looks to me that NASDAQ:LYFT “could” run to the $15 area before hitting any resistance. All TBD. On a side note, were I just seeing this, I would wait for some consolidation or a pullback before entering a position. Ideas, not investing / trading advice.
NASDAQ:LYFTLong
by jaxdog
2
Uber Expands Waymo Driverless Rides to Austin and AtlantaUber Technologies Inc. (NYSE: NYSE:UBER ) is making waves in the ride-share and autonomous vehicle industries with its latest announcement to expand its partnership with Waymo, the self-driving car unit of Alphabet Inc. ( NASDAQ:GOOGL ). Starting early next year, Uber plans to bring driverless Waymo vehicles to Austin, Texas, and Atlanta, Georgia, as it continues to lead the shift toward autonomous mobility. Here's a closer look at Uber's fundamental developments and technical outlook following this major expansion news. Expansion into New Markets Uber’s partnership with Waymo will see the deployment of fully autonomous, all-electric Jaguar I-PACE vehicles in Austin and Atlanta. This follows the initial rollout in Phoenix, Arizona, where Uber has received positive feedback from riders. By managing and dispatching Waymo’s fleet, Uber aims to grow the number of driverless vehicles in these cities to hundreds over time, enhancing the ride-hailing experience and setting the stage for more widespread autonomous vehicle adoption. Growing Partnerships This partnership underscores Uber’s strategic pivot to leverage external autonomous technology providers instead of developing its own self-driving units, which it sold off in 2020. In addition to Waymo, Uber is collaborating with General Motors' Cruise, which will add its self-driving cars to the Uber platform next year. These partnerships align with Uber's broader goal of converting its fleet to green energy, enhancing sustainability while tapping into cutting-edge technologies. Financial Impact and Market Response Uber shares (NYSE: NYSE:UBER ) spiked 5% to $71.55 following the announcement, signaling investor optimism about the company’s future in autonomous ride-hailing. The expansion into Austin and Atlanta comes at a critical juncture for self-driving firms, which face regulatory scrutiny over safety concerns. However, Uber’s careful integration of Waymo’s proven technology could help mitigate these challenges. Uber’s stock performance has been strong this year, with shares climbing over 16%. This growth reflects confidence in Uber’s adaptability and future earnings potential, as it continues to diversify its services and expand its market reach. Technical Outlook Technically, Uber stock (NYSE: NYSE:UBER ) shows strong momentum, with the price trading above key moving averages—the 50-day, 100-day, and 200-day MAs. This alignment suggests a sustained bullish trend, reinforcing positive sentiment among investors. The Relative Strength Index (RSI) is at 54.35, indicating the stock is neither overbought nor oversold, leaving room for potential upward movement. Key Support and Resistance Levels Uber’s current support level lies around the $67 mark, a crucial pivot point that has acted as a foundation for recent gains. A dip below this level could trigger a pullback towards the one-month low of $54, corresponding with the December 2020 pivot. Investors should watch this level closely, as a breach could lead to a deeper correction. On the upside, resistance is likely to be tested around $75, a key psychological and technical barrier. Breaking above this level could see the stock target new highs as Uber (NYSE: NYSE:UBER ) continues to benefit from its autonomous vehicle strategy and market expansion. Investor Outlook Uber’s expanding partnerships in autonomous driving position it well for future growth in the ride-hailing sector, where innovation and technology integration are paramount. The positive technical indicators and supportive fundamental backdrop create a favorable environment for potential gains. However, investors should remain vigilant to key support levels and broader market conditions, which could impact Uber’s stock performance in the near term. Conclusion Uber’s commitment to scaling its driverless car offerings through partnerships with Waymo and other autonomous vehicle providers marks a significant step in its evolution. As the company expands into new markets and enhances its technology offerings, Uber is poised to solidify its position at the forefront of the ride-sharing and autonomous mobility revolution. With promising technical signals and robust market strategies, Uber remains a compelling stock to watch in the autonomous vehicle space.
NYSE:UBERLong
by DEXWireNews
2
Uber (NYSE: $UBER) Stock Jumps 8% on Strong Q2 Reports Key Takeaways: - Uber's second-quarter earnings significantly exceeded analysts' expectations, with profits more than doubling to $1.02 billion. - Gross bookings increased by 19% year-over-year, with strong performance across both Mobility and Delivery segments. - Uber's stock buyback plan, initiated during Q2, is expected to "ramp" over the next several quarters. - The company announced partnerships with BYD for electric vehicles and potential autonomous driving capabilities, as well as a new collaboration with Instacart. Uber Technologies Inc. (NYSE: UBER) has reported impressive second-quarter results, with earnings surpassing Wall Street expectations and driving an 8% surge in its stock price. The ridesharing giant’s performance highlights its robust growth trajectory and strategic initiatives to bolster its market position. Strong Q2 Financial Performance Uber's second-quarter earnings report showcased a stellar performance, with the company achieving a net income of $1.02 billion, more than double the $394 million reported in the same quarter last year. This impressive profit jump is a testament to Uber's effective cost management and strong revenue growth. The company’s revenue for the quarter climbed 16% year-over-year to $10.7 billion, beating Visible Alpha consensus estimates. Gross bookings grew by 19% to $39.95 billion, with the Mobility division contributing $20.6 billion and the Delivery segment, including Uber Eats, adding $18.1 billion. Strategic Initiatives and Partnerships Uber's strategic initiatives are also playing a crucial role in its growth story. The company recently announced a partnership with Chinese electric vehicle maker BYD to introduce approximately 100,000 electric vehicles (EVs) to Uber's global fleet. This collaboration not only supports Uber's sustainability goals but also positions the company to leverage autonomous vehicle technology in the future. In addition to the BYD partnership, Uber has initiated its first stock buyback plan, purchasing around $325 million of its own stock during the second quarter. JPMorgan analysts have expressed optimism about this move, predicting that the buyback program will "ramp" over the next several quarters, potentially boosting shareholder value. Market Response and Future Outlook Following the earnings announcement, Uber shares (NYSE: UBER) jumped 8%, reaching $60.94 shortly after the market opened on Tuesday. Despite this positive movement, Uber shares were down 5% for the year as of Monday’s close. However, the recent rally has positioned the stock to end the year on a more positive note. As of the time of writing, UBER shares (NYSE: NYSE:UBER ) have gained 7.22% from the -3.22% low observed prior to today's market opening. The Relative Strength Index (RSI) of 42 suggests the potential for further growth. Analysis of the daily price chart reveals that NYSE:UBER stock is exhibiting perpendicular trading in relation to its respective moving averages (MA), indicating a state of balanced momentum between buyers and sellers. CEO Dara Khosrowshahi emphasized the company's growth prospects, particularly in its core Mobility business and the increasing frequency of food and trip orders through its membership subscribers. For the third quarter, Uber projects gross bookings to be between $40.25 billion and $41.75 billion, with adjusted earnings anticipated to range from $1.58 billion to $1.68 billion. Expanding Consumer Base and Technology Integration Uber's consumer base continues to expand, with "monthly active platform consumers" (MAPCs) reaching 156 million in the second quarter, up from 137 million a year earlier. The company facilitated 2.77 billion trips during the quarter, a significant increase from 2.28 billion trips in the same period last year. In addition to its partnership with BYD, Uber is also collaborating with Instacart to integrate a "restaurants" tab into the grocery delivery app. This feature allows users to order from restaurants and have deliveries fulfilled by Uber Eats, further enhancing Uber’s delivery service capabilities. Looking Ahead Uber's second-quarter performance underscores the company's resilience and strategic agility in navigating market challenges and leveraging growth opportunities. With a focus on expanding its EV fleet, enhancing autonomous vehicle capabilities, and increasing shareholder value through stock buybacks, Uber is well-positioned for continued growth.
NYSE:UBERLong
by DEXWireNews
Uber: Turning PointUber has retreated deeper into our magenta Target Zone (coordinates: $68.19 - $52.89). Primarily, the same-colored wave (iv) correction should be in its final stretch. In order to convince us of a low, the price needs to develop a clear impulse to the upside. The entire range can be used to open long positions. As a hedge, a stop could be placed around 1% below our Zone. Following the correction, we primarily assume that the magenta-colored five-wave move should be completed above the resistance at $81.87 which should also mark the end of the turquoise-colored wave 3.
NYSE:UBERLong
by MarketIntel
2
UBER 80 Afrer earnings ? NYSE:UBER Uber Technologies Inc. Stock Surges to $75-$80 Range Following Strong Earnings Report Uber Technologies Inc. (NYSE: UBER) has seen a significant boost in its stock price, reaching the $75-$80 range after the release of its latest earnings report. The ride-sharing giant reported impressive financial results for Q2 2024, with total revenue hitting $10.13 billion. This marks a notable year-over-year growth of 15%, showcasing Uber’s ability to expand its market presence and drive revenue despite challenging economic conditions. The company’s strong performance was driven by increased demand for its ride-sharing and delivery services, as well as strategic investments in new technologies and markets. Uber’s net loss widened to $654 million, but the market responded positively to the revenue growth and future potential1. This optimism among investors has propelled the stock to new heights, reinforcing confidence in Uber’s long-term growth strategy. As Uber continues to innovate and expand its service offerings, the future looks bright for this industry leader. Investors and market watchers will be closely monitoring how Uber leverages its current momentum to drive further growth and shareholder value. CAFE CITY STUDIO & NY RUNS GLOBAL INC. NYC
NYSE:UBERLong
by NYRUNSGLOBAL
TSLA does the upcoming RoboTaxi announce change things LONGTSLA has the accouncement upcoming. Price will pump for sure. Will it then dump or change the trend altogether? The forecasts are there. The tea leaves and crystal balls will tell the rest of the story. In the meanwhile, I will take long trades to play this in the immediate term. One million taxis making $250 / per day every day per each is serious potential future growth perhaps at the expense of UBER and LYFT which may get a bearish bias in the short term on this upcoming announcement. Playing the news sometimes works.
NASDAQ:TSLALong
by AwesomeAvani
5