I am interested in investing in uber stocks. Does anyone think it will 10x in next 5 years?
I sure hope so.
The uber’s market cap is at 50B. You think it could reach 500b for a taxi company?
And Freight, Eats, NeMo, Works, ATG, Transit, Elevate, and I’m sure I’m missing a bunch. The question becomes if we can get 500B share of the pie of moving anything and everything from A to B.
Ah good observation. It could be 3x - 5x. 10x? I doubt so, but let’s see how it turns out in 5 years
Ubers market cap is around 70B btw. I think Uber has a lot of potential. Not sure if it will be 10X though.
Uber is not Tesla. No, it’s not gonna grow tenfold.
Said everybody about Tesla till 3 years ago. Tesla has only recently started doing well - 10 years after its IPO. Time will tell
Tesla is a company that actually makes stuff. Uber is a portal that takes a percentage of every transaction. The only way to grow is to expand its territory. If you check, they have actually pulled out from some countries. No drastic change is gonna happen until they start using self driving cars.
Isn’t there a huge competition for self driving cars with waymo?
Uber has a profitability issue. Until it’s solved, the stock price won’t go anywhere. The second challenge is that the total immediately addressable market is close to saturation. So no huge growth in sight. It faces the HUGE threat from autonomous driving (Waymo). I am pretty pessimistic about its stock.
Yes. Invest before it gets to $100 soon!
Uber needs to dump ATG and concentrate on partnerships to create true network effects on it platform. ATG is so far behind that all it’s doing is holding Uber back.
What do you mean holding back?
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Nope
At least 5x?
Doubt it