Peet Serfontein & Khumbulani Kunene
We enter a long position with a target price of $92 and a stop-loss of $72.
Uber Technologies is a leading mobility and delivery platform that enables ride sharing and carpooling, meal delivery, freight solutions, electric bikes and scooter rentals, self-driving car and urban aviation hailing. The company operates a two-sided digital marketplace that connects drivers and couriers with riders and customers via its mobile application, leveraging data analytics and dynamic pricing to optimise supply and demand.
The company's business model is asset-light and does not own vehicles but instead earns revenue through service fees and commissions. With a strong presence across most major regions and continued investment in technology, including mapping, automation and platform integration, Uber remains a key player in the evolving on-demand economy.
Technically, the price in a developing upward sloping broadening top pattern presents an attractive buying opportunity (see the black trendlines on the main chart). This pattern highlights a strong buying opportunity particularly when the price is positioned at the lower boundary which acts as a dynamic support level with an expanding trend structure.
The price bouncing off its lower one standard deviation range out of the linear regression channel pattern also supports a bullish case for the stock (see the insert).
Fading downside momentum according to the Moving Average Convergence Divergence (MACD), and the sideway trajectory of the on-balance volume (OBV) indicator, also support our bullish view.
| Share Information | |
|---|---|
| Share Code | UBER |
| Industry | Transportation |
| Market Capital (USD) | 160.1 billion |
| One Year Total Return | 8.72% |
| Return Year-to-Date | -4.80% |
| Current Price (USD) | 77.79 |
| 52 Week High (USD) | 101.99 |
| 52 Week Low (USD) | 60.63 |
| Financial Year End | December |
| The price remains just below its 200-day simple moving average (SMA), which supports a bull case for the stock and highlights long-term structural demand. | |
| Consensus Expectations (Bloomberg) | ||||
|---|---|---|---|---|
| FY25 | FY26E | FY27E | FY28E | |
| Headline Earnings per Share (USD) | 2.45 | 3.40 | 4.39 | 5.52 |
| Growth (%) | 38.69 | 29.08 | 25.81 | |
| Dividend Per Share (USD) | 0.00 | 0.00 | 0.00 | 0.00 |
| Growth (%) | - | - | - | |
| Forward PE (times) | 22.89 | 17.74 | 14.10 | |
| Forward Dividend Yield (%) | 0.00 | 0.00 | 0.00 | |
| The company is set to deliver positive earnings growth over the medium term as revenue, margins and free cash flow have continued to improve. | ||||
Buy/Sell Rationale:
Technical Analysis:
Fundamental view:
| Share Name and Position | AZO - Close the position (Stop-loss) |
MSFT - Buy (Continue to hold) |
MMM - Buy (Continue to hold) |
|
|---|---|---|---|---|
| Entry | 3 664.84 | 389.00 | 155.25 | |
| Current Price | 3 439.64 | 399.41 | 149.06 | |
| Movement | -6.1% | +2.7% | -4.0% | |
| Comment | The share reached the predefined stop-loss level, triggering the closure of the position. |
The price at the lower range of a linear regression channel pattern remains of interest. The share remains below its 200-day SMA, while fading downside price momentum is supportive. Our profit target is $450.00 with a trailing stop-loss at $387.00. |
The recent volume distribution remains of interest. The share has dipped below its 200-day SMA and the trade is regarded as a counter-trend strategy. Downside momentum is a concern. Our profit target is $180.00 with a trailing stop-loss at $145.00. |
|
| Time to exit | 13 May 2026 | 20 May 2026 |
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