UBER
Lean bullish
Oct 18, 2026
· Uber Technologies, Inc.
· edge 6/10· evidence 7/10
Yes — derating looks overdone.
The market has re-rated Uber from a growth compounder to a melting-ice-cube on terminal-value fear, but the operating evidence shows accelerating fundamentals: FY25 revenue +18% with operating margin at 10.7%, Q2'26 gross bookings +22% cc, adjusted EBITDA +33%, and record FCF. If Uber merely holds its current trajectory while the AV narrative stays ambiguous, multiple…
Entry $70.35 (2026-10-16)
1m vs SPY: -7.3% so far
UBER
Lean bullish
Oct 6, 2026
· Uber Technologies, Inc.
· edge 6/10· evidence 7/10
Derated, not deteriorating — lean bullish.
The market has re-rated Uber from a profitable compounder to a 'show-me' AV story, cutting the multiple to ~15.6x FY27 EPS despite stable-to-rising estimates, >$10B TTM FCF, active buybacks, and 18-22% guided bookings growth. The derating is cohort-wide (Uber, Lyft, DoorDash all down ~30% while QQQ rose 25%), which means Uber's stock is trading as an AV-disruption basket, not…
Entry $68.11 (2026-10-02)
1m vs SPY: -3.4% so far
UBER
Lean bullish
Sep 1, 2026
· Uber Technologies, Inc.
· edge 5/10· evidence 7/10
Yes — value is emerging here.
Uber has been repriced from 'asset-light compounder' to 'capital-intensive AV builder' via three documented shocks (Feb tax-rate guidance, Apr $10B+ AV commitment, Aug soft Q3 EPS guide), while the underlying business kept delivering 20%+ bookings growth and record FCF. If staged, milestone-linked AV spending lets TTM FCF hold near $10B through the next two prints, the ~16x…
Entry $75.24 (2026-09-01)
1m vs SPY: -10.1%
UBER
Lean bullish
Aug 9, 2026
· Uber Technologies, Inc.
· edge 5.5/10· evidence 7.5/10
Not immediately; strategically, yes.
AVs are unlikely to impair Uber’s consolidated earnings materially within the stated horizon because deployment remains geographically limited and Uber is participating through multiple partnerships. At $75.02, the stock’s substantial market underperformance appears to reflect some combination of weaker near-term guidance, AV spending concerns, and higher perceived terminal…
Entry $75.02 (2026-08-07)
1m vs SPY: +1.4%