$UBER daily pick: starter buy, add down to $62

$UBER: I'm buying a starter here and I'd add down to $62.

As of midday today ($68.74):
7% below the 200-day and 31% off the 52-week high
About 15.5x next year's EPS estimate with a 7% free cash flow yield
Gross bookings still growing 22%
The CEO bought $10M of stock at $70.96 last month

I think the robotaxi fear is mostly priced in because Uber is still growing over 20% and throwing off $10B a year in free cash flow while it lines up AV partners.

Would you buy Uber here or do you think robotaxis cut it out?

Not financial advice

---

Why now? The stock has been stuck between $65 and $82 since February and it's back near the bottom of that range. The CEO paid $70.96 for 141,000 shares on Sep 10 and Andrew Macdonald bought 70,000 at $75.83 the week before. I'm getting a better price than both of them.

---

Bear case: Waymo is ending its exclusive deals with Uber in Atlanta and Austin by early 2028 and sells more rides on its own app. Uber plans to commit $10B+ to robotaxis and Chinese rivals are spending hard in Brazil. If AVs cut out the middleman this stays cheap.

---

Catalyst: Q3 earnings Nov 4. They guided non-GAAP EPS of $0.84 to $0.88 and gross bookings of $58.25B to $60.25B. I also want to hear how many robotaxi cities they're live in since they're targeting up to 15 by year end.

---

What I'd watch: a close back above the 200-day ($74) tells me the sellers are tired. A weekly close under the April 2025 low ($60.63) means I'm wrong and I'd step aside. Street target is about $105 with 52 Buys and 11 Holds for what it's worth.

Sources: FMP: $UBER quote, estimates, key metrics and price history · Robinhood: $UBER live quote (Oct 20, 12:18pm ET) · Uber: Q2 2026 results and Q3 outlook (Aug 5) · Form 4: CEO Dara Khosrowshahi buys 141,000 shares at $70.96 (Sep 10) · CNBC: Uber Q2 2026, $10B+ AV commitment, Waymo exclusivity ending (Aug 5) · Transport Topics: Brazil competition, robotaxis in up to 15 cities by year end (Aug 5)

Not financial advice. For informational and educational purposes only.