Even with the recent stock drop, Uber remains in a strong position:
Revenue Growth: In 2024, Uber earned around $43.9 billion in revenue, with nearly $10 billion in net income.
Diversified Business: Besides ride-hailing, Uber is growing its food delivery (Uber Eats) and advertising businesses. It even expanded internationally by investing in food delivery platforms in countries like Turkey.
Global Reach: Uber operates in more than 70 countries, giving it a much larger user base than Tesla’s early robotaxi market.
Because of these strengths, many financial analysts are still confident in Uber’s future. Some investment firms have set a price target of $101 for Uber’s stock, which is higher than its current level of around $82.5 as of today.