Analyst Sees 'Buying Opportunity' After Uber Stock Sell-Off On Waymo, Tesla Robotaxi Concerns

Blockhead12-19 23:38

Uber (UBER) stock traded sideways Thursday as its tries to rebuild momentum following a slide in the first weeks of December. An analyst with Oppenheimer says the ride-hail market leader's recent sell...

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An analyst with Oppenheimer says the ride-hail market leader's recent sell...</p>\n\n<a href=\"https://www.investors.com/news/technology/uber-stock-robotaxi-buy-sell-tesla-waymo/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analyst Sees 'Buying Opportunity' After Uber Stock Sell-Off On Waymo, Tesla Robotaxi Concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnalyst Sees 'Buying Opportunity' After Uber Stock Sell-Off On Waymo, Tesla Robotaxi Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 23:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/uber-stock-robotaxi-buy-sell-tesla-waymo/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber (UBER) stock traded sideways Thursday as its tries to rebuild momentum following a slide in the first weeks of December. An analyst with Oppenheimer says the ride-hail market leader's recent sell...</p>\n\n<a href=\"https://www.investors.com/news/technology/uber-stock-robotaxi-buy-sell-tesla-waymo/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2063271972.USD","symbol_name":"富兰克林创新领域基金","start_time":0,"source_url":"https://www.investors.com/news/technology/uber-stock-robotaxi-buy-sell-tesla-waymo/","article_id":"2492810646","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2019/05/stock-Uber-04-shutter-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492810646","pubTimestamp":1734622720,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"An Uber stock analyst with Oppenheimer says the ride-hail market leader's recent sell-off is an opportunity for investors.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4550":"红杉资本持仓","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4505":"高瓴资本持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4535":"淡马锡持仓","BK4516":"特朗普概念","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4592":"伊斯兰概念","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","TSLA":"特斯拉","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4585":"ETF&股票定投概念","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LYFT":"Lyft, Inc.","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","TSYW.SI":"TESLA 3xLongSG261006","LU0234572021.USD":"高盛美国核心股票组合Acc","UBER":"优步"},"translate_title":"分析师在Uber股票抛售Waymo和特斯拉机器人出租车担忧后看到了“买入机会”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"TSLL":1,"TSLA":1,"LYFT":1,"TSYW.SI":0.6},"content_text":"Uber (UBER) stock traded sideways Thursday as its tries to rebuild momentum following a slide in the first weeks of December. An analyst with Oppenheimer says the ride-hail market leader's recent sell-off presents an opportunity for investors.\nUber stock has slumped more than 20% since its third quarter earnings report on Halloween day. Oppenheimer analyst Jason Helfstein said in a client note Thursday that the sell-off has been driven by concerns that robotaxi services will challenge Uber's market, along with more near-term questions about rides demand in the U.S. after Q3 total bookings missed estimates.\n\n\n\n↑\nX\n\n\n\n\nElon Musk's Robotaxi Has Arrived. Here's What Investors Need To Know.\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nElon Musk's Robotaxi Has Arrived. Here's What Investors Need To Know.\n\n\n\n\nBut Helfstein reiterated an outperform call on Uber with the note and named the company his top large-cap pick for 2025. He said he sees a \"buying opportunity\" following the recent slide.\n\"Near term, Uber should retake lost U.S. mobility share upon grandfathering higher insurance costs one quarter before Lyft (LYFT) and more aggressive incentives,\" Helfstein wrote. \"Longer term, Uber will benefit in a world of multiple robotaxi providers, as the leading matching/logistics platform, given lower cost to serve/higher utilization.\"\nOn the stock market today, Uber stock was last down a fraction at 61.04. Shares gained as much as 1.5% in morning action Thursday before reversing.\nUber's Waymo, Tesla Concerns\nAfter a nearly 150% rally in 2023, Uber is trading a half-percent lower year-to-date entering Thursday's trading. But investors have taken a more bearish view on Uber mostly because of robotaxis. Concerns about autonomous vehicles have weighed on shares of both Uber and Lyft since Tesla (TSLA) Chief Executive Elon Musk first teased the company's robotaxi plans in the spring.\nUber has described itself as a partner to robotaxi developers, but investors appear concerned that instead the app's ride-hail dominance could be challenged by autonomous offerings from Tesla and the Alphabet-owned Waymo.\nWaymo is already providing more than 150,000 paid trips each week. Tesla, meanwhile, is targeting next year to launch a ride-hailing service.\nShares of Uber sank more than 10% on Dec. 5, after Waymo announced it would expand its Waymo One app to Miami. Waymo has partnered with Uber to offer rides through the Uber app in Phoenix and for its upcoming expansions in Austin and Atlanta. Investors appeared startled when Uber was not mentioned in Waymo's latest expansion announcement.\nBut Helfstein countered that robotaxis will ultimately grow the total addressable market for ridesharing. And there are significant questions ahead for rolling out autonomous ride-hailing, including the utilization and maintenance for the vehicles, the steep costs to build a logistics platform, the need to expand charging infrastructure and the likelihood that a robotaxi service would need to price \"meaningfully below\" Uber and Lyft.\nHelfstein is the latest analyst to come to Uber's defense following the sell-off earlier this month. Analysts with Evercore ISI also named Uber a top pick for 2025. The stock is generally a Wall Street favorite, with 88% of the 58 analysts following the stock recommending it as a buy.\nUber Stock Technical Ratings\nStill, Uber stock has a big hole to climb out of. Its Relative Strength rating has degraded to a 20, compared to 80 out of a best-possible 99 just three months ago, according to IBD Stock Checkup.\nThe slide earlier this month for Uber dragged shares back below the stock's long-term 200-day moving average and shorter-term 21-day line. It remains below each of those levels.\nOverall, Uber stock has an IBD Composite Rating of 72 out of a best-possible 99. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.\nAnd there will be more robotaxi news to come. Bloomberg reported Thursday that Tesla has been in touch with city officials in Austin about its autonomous vehicle technology.\nYOU MAY ALSO LIKE:\nUber Stock Regains Some Ground After CFO Commentary On Robotaxis, Demand\nIBD Live: Learn And Analyze Growth Stocks With The Pros\nGet Timely Buy & Sell Alerts With IBD Leaderboard\nTop Growth Stocks To Buy And Watch","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492810646"}