Bank of America says its analysis of Uber points to 'significant upside potential'

CNBC2021-07-02

Bank of America remains bullish on Uber, saying the stock’s first-half underperformance makes the shares cheap considering its valuation versus peers and its stake in Chinese ride-hailing giant Didi, ...

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DivTrader
2021-07-02
DivTrader
News is great
诗迷
2021-07-02
诗迷
Like and comment
- tanks09:
  Ok. jiayou!!
- jijimo:
  Ok
LWayne
2021-07-02
LWayne
Great
lfc
2021-07-02
lfc
Gd read
woshihui
2021-07-02
woshihui
Like pls
Ravi7174
2021-07-02
Ravi7174
Good

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But that means Uber’s stock is trading at a big discount, according to BofA.\nBank of America did a sum-of-the-parts analysis, applying DoorDash’s 12.5 estimated enterprise value-to-revenue multiple to Uber’s food delivery business and Lyft’s 4.3 estimated EV/revenue valuation to Uber’s mobility business.\nAdditionally,Didi Chuxing raised $4.4 billion in its initial public offering earlier this week. Didi shares closed nearly 16% higher on its second day of trading Thursday, bringing its market cap to nearly $79 billion.\nThe firm noted Uber owns a significant stake in Didi — about 12% equity ownership, translating to more than $9 billion in equity value as of Thursday. BofA calculates Didi brings an incremental roughly $2 per share in equity value for Uber.\nTaking into account the sum-of-the-parts valuation and adding in the value of the Didi stake gets Bank of America to a value even higher than its $71 price target, the firm said. 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jiayou!!"},{"id":5102573,"gmtCreate":1625227759135,"gmtModify":1663230435675,"authorId":3577075923922212,"author":{"id":3577075923922212,"authorId":3577075923922212,"name":"jijimo","avatar":"https://static.tigerbbs.com/22bac6d28b6513739fc962def9c071bd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156248175,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":156252372,"gmtCreate":1625226986196,"gmtModify":1703738790531,"author":{"id":"3564307384077743","authorId":"3564307384077743","name":"LWayne","avatar":"https://static.itradeup.com/news/95dd7493a26e1c3e9a33a2d16eaa037b","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/156252372","repostId":1140414590,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":156224584,"gmtCreate":1625226602048,"gmtModify":1703738780040,"author":{"id":"3581548490826504","authorId":"3581548490826504","name":"lfc","avatar":"https://static.tigerbbs.com/b4b2090d7d1e1d6aeaf607ff329136ac","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Gd read","listText":"Gd read","text":"Gd read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/156224584","repostId":1140414590,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":156221662,"gmtCreate":1625226366256,"gmtModify":1703738771918,"author":{"id":"3576497026121990","authorId":"3576497026121990","name":"woshihui","avatar":"https://static.tigerbbs.com/16c7aa4a45306830522180ff7b026e56","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like pls","listText":"Like pls","text":"Like 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