UBER Stock Price Decreases 13% in a Month: Should You Buy the Dip?

Zacks12-21 01:58

Shares of Uber Technologies UBER have declined 13.2% in the past month, underperforming its industry and the S&P 500 Index, of which Uber is a key member. In comparison, shares of rival Lyft LYFT have...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2493690473?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/UFIIBfAz3Xh_DejaboReMg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/c72948d9110c781347c525891307628f","is_english":true,"pubTime":"2024-12-21 01:58","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2493690473","market":"us","top_or_hot":-1,"title":"UBER Stock Price Decreases 13% in a Month: Should You Buy the Dip?","media":"Zacks","content":"<div>\n<p>Shares of Uber Technologies UBER have declined 13.2% in the past month, underperforming its industry and the S&P 500 Index, of which Uber is a key member. In comparison, shares of rival Lyft LYFT have...</p>\n\n<a href=\"https://finance.yahoo.com/news/uber-stock-price-decreases-13-175800641.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","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>UBER Stock Price Decreases 13% in a Month: Should You Buy the Dip?</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\">\nUBER Stock Price Decreases 13% in a Month: Should You Buy the Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-21 01:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/uber-stock-price-decreases-13-175800641.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Uber Technologies UBER have declined 13.2% in the past month, underperforming its industry and the S&P 500 Index, of which Uber is a key member. In comparison, shares of rival Lyft LYFT have...</p>\n\n<a href=\"https://finance.yahoo.com/news/uber-stock-price-decreases-13-175800641.html\">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":"LU1069344957.HKD","symbol_name":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/uber-stock-price-decreases-13-175800641.html","article_id":"2493690473","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/UFIIBfAz3Xh_DejaboReMg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/c72948d9110c781347c525891307628f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493690473","pubTimestamp":1734717480,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shares of Uber Technologies UBER have declined 13.2% in the past month, underperforming its industry and the S&P 500 Index, of which Uber is a key member. In comparison, shares of rival Lyft LYFT have dropped 16.6% in the same timeframe.The San Francisco, CA-based ride-hailing company’s shares have dropped on concerns that self-driving cars could eliminate intermediary services. Google's GOOGL Waymo recently unveiled plans to expand its robotaxi  service to Miami, which has increased investor worries about heightened competition in the rideshare market, hurting the UBER stock. Donald Trump’s plans to push for a federal framework supporting self-driving vehicles have also hit UBER shares.Key Segments Performing Well: Uber’s ridesharing and delivery platforms are growing in popularity. This is generating strong demand, which, along with the latest growth initiatives and continued cost discipline, are driving the company’s results. In the third quarter of 2024 , total gross bookings incre","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","BK4588":"碎股","USJW.SI":"ALPHAB 3xLongSG261006","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU1196500208.SGD":"NORDEA STABLE RETURN \"HB\" (SGDHDG) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0861579265.USD":"联博低波幅策略股票基金A","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU1059921491.USD":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","GOOG":"谷歌","LYFT":"Lyft, Inc.","BK4592":"伊斯兰概念","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","GOOGL":"谷歌A","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU1032955483.USD":"NORDEA 1 STABLE RETURN \"HB\" (USDHDG) ACC","UBER":"优步","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","BK4507":"流媒体概念","BK4576":"AR","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","BK4538":"云计算","LU0109392836.USD":"富兰克林科技股A"},"translate_title":"UBER股价一个月内下跌13%：你应该逢低买入吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"LYFT":1,"GOOGL":1,"GOOG":0.61,"USJW.SI":0.6},"content_text":"Shares of Uber Technologies UBER have declined 13.2% in the past month, underperforming its industry and the S&P 500 Index, of which Uber is a key member. In comparison, shares of rival Lyft LYFT have dropped 16.6% in the same timeframe.\nOne-Month Stock Price Performance Comparison\nImage Source: Zacks Investment Research\nThe San Francisco, CA-based ride-hailing company’s shares have dropped on concerns that self-driving cars could eliminate intermediary services. Google's GOOGL Waymo recently unveiled plans to expand its robotaxi (autonomous vehicle) service to Miami, which has increased investor worries about heightened competition in the rideshare market, hurting the UBER stock. Donald Trump’s plans to push for a federal framework supporting self-driving vehicles have also hit UBER shares.\nHowever, Uber’s robust fundamentals and growth prospects cannot be ignored. For long-term investors, the recent pullback might create an opportunity to buy UBER shares. Currently priced at $60.21, the stock is 30.8% below its 52-week high, leaving ample room for growth.\nReasons Why We Remain Bullish on UBER Stock\nFavorable Earnings Estimate Revision: The Zacks Consensus Estimate for earnings per share for 2024 and 2025 has seen upward revisions over the past 60 days. The positive revision trend reflects confidence in UBER’s ability to continue delivering strong financial performances.\nImage Source: Zacks Investment Research\nRosy Growth Projections & Surprise History: The Zacks Consensus Estimate for the current and the next-year earnings has been revised upward by 117.2% and 34%, respectively. The Zacks Consensus Estimate for the current and the next-year sales has been revised upward 17.4% and 16.4%, respectively. UBER’s long-term earnings (three to five years) growth rate is 42.5%, way ahead of its industry’s 24.1%. The company has surpassed the Zacks Consensus Estimate for earnings in three of the past four quarters (missing the mark in the other one). The average beat is 83%.\nCommendable Expansion Efforts: Even though Uber’s primary business is ridesharing, it has diversified into food delivery and freight over time. Diversification is imperative for big companies to reduce risks, and UBER has excelled in this area. The company has engaged in numerous acquisitions, geographic and product diversifications, and innovations. Uber’s endeavors to expand into international markets are commendable and provide it with the benefits of geographical diversification. Prudent investments enable Uber to extend services and solidify its comprehensive offerings.\nKey Segments Performing Well: Uber’s ridesharing and delivery platforms are growing in popularity. This is generating strong demand, which, along with the latest growth initiatives and continued cost discipline, are driving the company’s results. In the third quarter of 2024 , total gross bookings increased 16% year over year to $41 billion, with trips rising 17% to 2.9 billion. Gross bookings are likely to be strong going forward, keeping Uber in good shape.\nWe expect gross bookings from the Mobility segment in the December-end quarter to grow 20.6% on a year-over-year basis. We expect gross bookings from the Delivery segment in the December-end quarter to grow 15.2% on a year-over-year basis. Total trips are expected to move up 17.5% year over year in the September-end quarter, per our model.\nUBER Shares Trade at a Discount\nThe UBER stock is quite cheap, as its Value Score of B does not suggest a stretched valuation at this moment.In terms of price-to-sales (forward 12-month), UBER is trading at 2.5X, lower than its 5-year median of 3.03X and the industry’s 5.81X.\nImage Source: Zacks Investment Research\n \nFinal Verdict: Buy UBER Stock Now\nWhile Uber shares have suffered lately due to robotaxi-related fears, its strong long-term growth prospects and other tailwinds mentioned throughout the write-up create a solid investment case for forward-looking investors. Combined with its attractive valuation and strong position in the ridesharing market, investors with a higher risk tolerance could find this an opportune time to buy the UBER stock.Despite the recent fears, Uber has enough factors in its favor, which leads us to conclude that this Zacks Rank #2 (Buy) undervalued stock is an ideal candidate for addition to one’s portfolio. You can see the complete list of today’s Zacks #1 Rank stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAlphabet Inc. (GOOGL) : Free Stock Analysis Report\nLyft, Inc. (LYFT) : Free Stock Analysis Report\nUber Technologies, Inc. (UBER) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","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/2493690473"}