Bullish Case: Uber's data science team using automation for building models enhances reliability and efficiency, possibly driving growth [The Register]. Implementations of public transit systems like Uber in some places are showing positive results, enhancing customer attractiveness [ny1.com, ABC].


Show historical bullish cases

Bearish Case: Some argue that ridesharing platforms like Uber exacerbate traffic and congestion problems, culminating in backlash and potential regulations that could hamper business operations [Slashdot]. Incidents of violence involving Uber drivers could damage the company's reputation and deter potential riders [conservativereview.com].


Show historical bearish cases

Takeaway: Uber's embrace of automation for model building signals a commitment to increase efficiency and streamline operations, which could bolster profitability [The Register]. However, criticisms about traffic exacerbation and violent incidents could lead to reputational or regulatory hurdles for the company [Slashdot, conservativereview.com].


Show historical takeaways

Potential Outcomes:

1. 40%: Uber's investments in technology and automation for model building could improve efficiency, driving profitability. This depends on the success of these technologies and their integration into Uber's system [The Register].

2. 35%: Regulations or backlash stemming from the alleged traffic-related problems caused by Uber could adversely affect the company's operations. This outcome requires lawmakers to deem traffic issues caused by Uber significant enough to warrant regulation [Slashdot].

3. 25%: A significant reputation hit resulting from incidents of violence involving Uber drivers might deter potential riders, leading to possible revenue decline. This outcome would require these incidents to be pervasive and well-publicized enough to affect consumer behavior [conservativereview.com]. key_


September 20, 2023


Uber Forecast

[UBER]  Uber
Price Forecast: BULLISH    Price Action: FLAT



Access UBER Forecasts + Optimized Trading Strategies.







UBER Balanced News:


Correlated Stock Forecasts

Assets that tend to move strongly with UBER



MGK Forecast + Options Trading Strategies   [MGK]  Vanguard Mega Cap Growth (0.95)


ARKF Forecast + Options Trading Strategies   [ARKF]  ARK Fintech Innovation (0.95)


XLC Forecast + Options Trading Strategies   [XLC]  Active Trust - Communication Services Select Sector SPDR (0.95)


CAMT Forecast + Options Trading Strategies   [CAMT]  Camtek (0.95)


XLK Forecast + Options Trading Strategies   [XLK]  Technology Select Sector SPDR (0.94)



Uncorrelated Stock Forecasts

Assets with little price relationship to UBER



APD Forecast + Options Trading Strategies   [APD]  Air Products & Chemicals (0.01)


ULTA Forecast + Options Trading Strategies   [ULTA]  Ulta Beauty (-0.01)


SKYT Forecast + Options Trading Strategies   [SKYT]  SkyWater Technology (0.01)


UUP Forecast + Options Trading Strategies   [UUP]  Invesco DB US Dollar Index Bullish (-0.02)


CVGW Forecast + Options Trading Strategies   [CVGW]  Calavo Growers (0.02)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against UBER



NDAQ Forecast + Options Trading Strategies   [NDAQ]  Nasdaq (-0.81)


CUTR Forecast + Options Trading Strategies   [CUTR]  Cutera (-0.89)


DG Forecast + Options Trading Strategies   [DG]  Dollar General (-0.89)


SARK Forecast + Options Trading Strategies   [SARK]  Tuttle Capital Short Innovation (-0.94)


PSQ Forecast + Options Trading Strategies   [PSQ]  ProShares Short QQQ (-0.95)


UBER News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent UBER News