Uber's underperformance in the stock market may not reflect any weakness in the company's business fundamentals. Despite the fear surrounding the potential for robotaxis to disrupt the ride-sharing industry, Uber has the flexibility, financial stability, and adaptability to remain a significant player in the mobility industry. With a strong track record of revenue and profit growth, expanding profit margins, and impressive cash flow, Uber appears undervalued and worth considering as a buy for long-term investors.
Uber's Stock Performance and Company Fundamentals
Background
Uber Technologies, Inc. is a global ride-sharing, food delivery, and freight transportation company headquartered in San Francisco, California. Founded in 2009, Uber has rapidly expanded its operations to become one of the largest technology companies in the world.
Recent Stock Performance
Since its initial public offering (IPO) in May 2019, Uber's stock price has been volatile, experiencing both peaks and declines. Concerns about competition, regulatory risks, and the potential impact of autonomous vehicles (robotaxis) have weighed on the stock.
Fundamentals
Despite the market's skepticism, Uber's business fundamentals remain strong:
Valuation and Investment Potential
Some analysts believe that Uber's stock is undervalued based on its underlying fundamentals. They argue that the company's long-term growth potential in the mobility industry is significant, and that the current stock price does not fully reflect this potential.
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Today, the much-awaited demerger of ITC Hotels from its parent company ITC was finally executed, with ITC shares starting to trade without its hotels business included. Analysts predict a fair price of Rs 264 per share for ITC Hotels, with shareholder eligibility for its shares being decided based on holdings of ITC shares as of today. The newly demerged ITC Hotels will soon be listed on the bourses, with Nomura expecting a listing price in the range of Rs 200-300 per share. In the meantime, ITC Hotels will remain a part of stock indices where ITC is a constituent, and its listing may be postponed in case of trading circuit limits being hit. This corporate action is expected to significantly impact shareholders of ITC, a prominent blue-chip stock in the Indian market.
The initial public offering (IPO) of Quadrant Future Tek Limited will open on January 7, 2025, and close on January 9, aiming to raise Rs 290 crore. The book-built issue is entirely fresh, with a price band of Rs 275-290 per share. The proceeds from the IPO will be directed towards the company's working capital requirements, capital expenditure, loan repayment, and general corporate purposes. With the estimated listing price at Rs 470, investors could see a potential gain of 62.07% from the IPO.
The Railway Recruitment Board (RRB) has released the answer key for the Technician Grade 3 exam held in 2024. Candidates can raise objections by visiting the official websites of their respective zones and entering their application number and date of birth. The last date to raise objections is January 11, 2025, and a fee of Rs. 50 per question must be paid. If the objection is found to be valid, the fee will be refunded to the candidate. Multiple payment options are available for candidates.
Jagdeep Singh, a self-made Indian-origin entrepreneur, has broken records as the highest-paid CEO in the world with a daily income of Rs 48 crore. With a background in tech giants HP and Sun Microsystems, Singh now leads his own company, Quantumscape, which is revolutionizing electric vehicle batteries with cutting-edge solid-state technology. This achievement not only showcases Singh's passion for innovation but also sets a new standard for corporate leadership.
Jagdeep Singh, former CEO and founder of the American company Quantumscape, has surpassed all compensation records with an annual salary of Rs 17,500 crore. With a remarkable daily earning of Rs 48 crore, Singh has set a new benchmark in the EV industry. Despite stepping down as CEO, he continues to excel in the tech and business worlds with his new venture.
A Bengaluru court has granted interim bail to Nikita Singhania, the wife of deceased techie Atul Subhash. Atul had passed away last month, following which Nikita was accused by his family of provoking him to commit suicide. However, the court has granted her bail, allowing for further investigation into the matter. This decision by the court has brought some relief to Nikita and her family amidst this tragedy.
Amazon's chief executive Andy Jassy has announced that all staff will be expected to return to working in the office full-time starting in January. This decision has sparked backlash as it goes against the company's previous hybrid work policy and adds pressure to already overwhelmed corporate staff. Jassy's concern for maintaining Amazon's intense start-up culture and avoiding bureaucratic layers has led to these changes, potentially resulting in job cuts. However, some employees are claiming unfair retaliation, opening up a dispute with labour officials.
With the release of the official notification for SBI PO 2024 expected soon, aspirants need to start preparing early and effectively manage their time to excel in the highly competitive exam. This article provides valuable time management tips for all three stages of the exam, helping candidates stay focused and increase their chances of success. From familiarizing yourself with the exam pattern to mastering each section with strategic time allocation, this guide is a must-read for dedicated SBI PO exam candidates.
The use of AI in the insurance industry has been gaining momentum, with a recent report showing that 29% of working hours in the industry can be automated by gen AI. However, this also raises concerns about maintaining personal connections with clients and using the technology responsibly. The threat of cyberattacks is also increasing, leading to growing costs for Canadian businesses. While AI has the potential to revolutionize tedious tasks and improve fraud detection, it also poses legal and privacy risks if not properly integrated. As a result, CISRO has issued guidelines for insurance intermediaries to help them understand and mitigate these risks when using AI.