What Investors Got Wrong About Uber Technologies Before The Fall

Simply Wall St.09:30

Holding Uber Technologies over the past year would have meant a 29.1% loss, including dividends. If you had bought after analysts in October 2025 were debating fair values in the high US$70s to around...

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/2678189695?lang=en_US&edition=fundamental","thumbnail":"https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/company-cover/144524848-card/1788952724824","is_english":true,"pubTime":"2026-10-25 09:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2678189695","market":"nz","top_or_hot":-1,"title":"What Investors Got Wrong About Uber Technologies Before The Fall","media":"Simply Wall St.","content":"<div>\n<p>Holding Uber Technologies over the past year would have meant a 29.1% loss, including dividends. If you had bought after analysts in October 2025 were debating fair values in the high US$70s to around...</p>\n\n<a href=\"https://simplywall.st/stocks/us/transportation/nyse-uber/uber-technologies/news/what-investors-got-wrong-about-uber-technologies-before-the\">Source Link</a>\n\n</div>\n","source":"simplywall_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>What Investors Got Wrong About Uber Technologies Before The Fall</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\">\nWhat Investors Got Wrong About Uber Technologies Before The Fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-25 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/transportation/nyse-uber/uber-technologies/news/what-investors-got-wrong-about-uber-technologies-before-the><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Holding Uber Technologies over the past year would have meant a 29.1% loss, including dividends. If you had bought after analysts in October 2025 were debating fair values in the high US$70s to around...</p>\n\n<a href=\"https://simplywall.st/stocks/us/transportation/nyse-uber/uber-technologies/news/what-investors-got-wrong-about-uber-technologies-before-the\">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":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://simplywall.st/stocks/us/transportation/nyse-uber/uber-technologies/news/what-investors-got-wrong-about-uber-technologies-before-the","article_id":"2678189695","we_media_id":null,"thumbnails":["https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/company-cover/144524848-card/1788952724824"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/transportation/nyse-uber/uber-technologies/news/what-investors-got-wrong-about-uber-technologies-before-the","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2678189695","pubTimestamp":1792891830,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Holding Uber Technologies over the past year would have meant a 29.1% loss, including dividends. If you had bought after analysts in October 2025 were debating fair values in the high US$70s to around US$106, with revenue growth assumptions near the mid-teens and profit margins expected to compress into low to mid teens, what did that original case miss about capital intensity, regulatory friction, or autonomous vehicle timelines that those forecasts did not fully capture?\nUber Technologies...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4550":"红杉资本持仓","FDRV":"Fidelity Electric Vehicles and Future Transportation ETF","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","TPOR":"Direxion Daily Transportation Bull 3X ETF","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4551":"寇图资本持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4211":"区域性银行","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1861214812.USD":"Blackrock Future of Transport A2 USD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","ISBC":"投资者银行","UBEW":"Roundhill UBER WeeklyPay ETF","WNDR":"Corgi Travel & Leisure ETF","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","UBER":"优步","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","UBRL":"2倍做多UBER ETF-GraniteShares","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","BK4503":"景林资产持仓","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2360107325.USD":"BGF FUTURE OF TRANSPORT \"A4\" (USD) INC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","BK4022":"陆运","BK4536":"外卖概念","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4505":"高瓴资本持仓","BK4230":"旅客陆运","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","SG9999015978.USD":"利安颠覆性创新基金A","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IYT":"运输指数ETF-iShares"},"translate_title":"秋季前投资者对 Uber Technologies 的错误","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IYT":0.6,"FDRV":0.6,"UBER":1.5,"ISBC":1.5,"UBRL":0.6,"UBEW":0.6,"TPOR":0.6,"WNDR":0.6},"content_text":"Holding Uber Technologies over the past year would have meant a 29.1% loss, including dividends. If you had bought after analysts in October 2025 were debating fair values in the high US$70s to around US$106, with revenue growth assumptions near the mid-teens and profit margins expected to compress into low to mid teens, what did that original case miss about capital intensity, regulatory friction, or autonomous vehicle timelines that those forecasts did not fully capture? Uber Technologies has already moved. Pinpoint other ways to investigate the theme among 95 robotics and automation stocks. AdvertisementThe Two Stories Investors Were Weighing On Uber Technologies The shares cost US$94.61 at the start of the period, so any view on Uber Technologies hinged on which story about its future appeared more convincing. On the optimistic side, the October 2025 Narrative argued for a Fair Value of US$106. This price was implied by assumptions of 14.6% annual revenue growth and profit margins of 13.7%, supported by urban expansion, AV partnerships and higher margin ancillary services. The January 2025, more cautious Narrative pointed to a Fair Value of US$78.52. This was based on 12.6% revenue growth, 10.5% margins and concern about regulation, labor rules and intense competition across ride hailing, delivery and freight. NYSE:UBER 1-Year Stock Price Chart What The Evidence Did To The Uber Technologies Thesis Uber Technologies committed more than US$10b to robotaxis and moved toward a US$14.8b Delivery Hero acquisition. This pushed the business away from the asset light story that underpinned both 2025 cases. Q2 2026 revenue reached US$14,191m and net income rose to US$2,394m, with net margin at 16.9%, above both prior margin assumptions. Overall, the evidence cut both ways. The hinge assumption was capital intensity. When you assess another company that promises asset light scale with heavy AV or logistics spend, track future capex commitments and large fleet or M&A deals against earlier margin forecasts and stated P/E expectations. What Uber Technologies' Lower Price Is Really Asking You Uber Technologies now trades at US$66.7, with the selected Narrative arguing that its Fair Value sits above the current price. That view hinges less on short term sentiment and more on how the business might convert autonomous partnerships into durable marketplace economics. The Narrative frames today’s lower price after a 29.1% loss over the past year as a question about who captures value if the driver disappears. A buyer today would need to believe Uber can remain the key demand aggregator for multiple AV fleets rather than seeing most economics shift to vehicle and autonomy suppliers. \"The market is no longer debating whether Uber can become profitable. It is debating who owns the economics of transportation when the driver disappears.\" One Narrative has put a figure on that disagreement. → See the Narrative with its higher Fair Value, assumptions and all Where Uber’s Playbook Travels Next Uber pushes hard into autonomy and logistics. You can also look sideways. Similar questions are forming in another super-app built around rides and deliveries. That business is wiring transport, restaurants and couriers into payments, lending and even banking tools. Users get one app for moving, eating and paying. The model depends on squeezing more economics from each trip and order. Financial services inside the app aim to deepen that connection. Credit, insurance and loyalty programs change risk, not just convenience. If this kind of platform keeps maturing, where does the real bargaining power end up? The case is on the record, with the assumptions it rests on. → See the Narrative that values this company 111% above its price This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"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,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","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/2678189695","isCrawlerRequest":true}