Tesla's driverless car technology is a point of investor overenthusiasm, contributing to Uber's undervaluation.
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Huge News for Uber Stock Investors
Jun 6, 2026
Uber is cutting 23% of jobs in its people and places division, which is expected to improve profitability. The author believes Uber is undervalued, citing its forward P/E of 19.5 and P/OCF of 13, with a DCF valuation of $124 compared to the current market price of $72. The undervaluation is attributed to investor overenthusiasm for Tesla's driverless car technology.
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Uber is a buy due to job cuts improving profitability and an undervalued stock price, with a DCF valuation of $124 against a market price of $72.
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UBERbuy opened Jun 6, 2026
+2.47%