The Zacks Analyst Blog Uber, Comcast, Gilead Sciences and Onfolio Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2025
0mins
Should l Buy UBER?
Source: NASDAQ.COM
Stock Performance Overview: Zacks.com highlights recent stock performances, noting Uber's 1.4% gain over six months, Comcast's struggles with subscriber losses, Gilead's strong growth in HIV therapy, and Onfolio's impressive revenue increase driven by acquisitions.
Investment Recommendations: Analysts advise caution on Uber due to high costs and debt, while highlighting Comcast's potential in wireless and streaming, Gilead's promising pipeline despite setbacks, and Onfolio's operational challenges amid significant growth.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
32 Analyst Rating
28 Buy
3 Hold
1 Sell
Strong Buy
Current: 71.810
Low
72.00
Averages
107.10
High
150.00
Current: 71.810
Low
72.00
Averages
107.10
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- MSG Sports Upgrade: Seaport upgraded Madison Square Garden Sports from neutral to buy, citing a significant 57.5% trading discount versus intrinsic value, suggesting a potential appreciation ahead of the 2025-26 season, particularly with plans to spin off the Knicks and Rangers into standalone entities.
- ServiceNow Downgrade: UBS downgraded ServiceNow from buy to neutral due to weakened confidence in the software sector, projecting a decline in 2026 free cash flow to 15x, reflecting increased budget pressures on non-AI applications that could impact future performance.
- Shake Shack Sales Growth: Mizuho upgraded Shake Shack from neutral to outperform, anticipating upside in same-store sales for Q1, driven by strong demand and improved restaurant-level margins, indicating robust market momentum and growth potential.
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See More
Potential Catalysts for Rivian's Stock Rebound
- Production Review: Rivian produced 24,337 vehicles in 2022, with expectations to increase to 57,232 in 2023, although production is projected to decline to 49,476 and 42,284 in 2024 and 2025 due to supply chain constraints and intensified competition, impacting investor confidence.
- New Model Launch: The launch of the new R2 SUV in March, priced $30,000-$40,000 lower than the R1T and R1S, is expected to significantly expand market reach and improve margins due to its simplified design and fewer electronic control units.
- Investor Confidence Rebound: Uber's recent $1.25 billion investment in Rivian and plans to deploy up to 10,000 fully autonomous R2 robotaxis from 2028 to 2031 provide strong support for Rivian's future growth prospects.
- Insider Buying: Rivian insiders have purchased more than twice as many shares as they sold in the past three months, and this positive insider sentiment, combined with low valuation and multiple potential partnerships, makes Rivian a compelling stock to buy ahead of its next earnings report.
See More
Rivian's Market Prospects in the EV Sector
- Improving Financials: Rivian's revenue increased by 8% year-over-year to $5.4 billion last year, demonstrating resilience and potential growth despite challenges from the expiration of U.S. EV government tax incentives, indicating a positive trend in its financial performance.
- New Model Launch: The company plans to start deliveries of its R2 model in the second quarter, with expectations to deliver between 62,000 and 67,000 units by 2026, representing a nearly 53% increase compared to the previous fiscal year, directly competing with Tesla's popular Model Y and enhancing market share.
- Strategic Partnerships: Rivian's agreement with Uber involves the purchase of 10,000 fully autonomous R2 models, with an option for 40,000 more by 2030, providing up to $1.25 billion in investment, although achieving full autonomy remains a significant technological hurdle that requires further R&D.
- Competitive Pressures: While Rivian is seeing growth in service revenue, it faces intense competition from Tesla's established models, and the company does not expect to achieve adjusted EBITDA profitability until 2027, increasing uncertainty and risk for investors.
See More
Rivian's EV Strategy and Financial Outlook
- Improving Financials: Rivian's revenue increased by 8% year-over-year to $5.4 billion last year, demonstrating resilience and potential growth despite challenges from the expiration of U.S. EV government tax incentives, indicating a strong market position.
- New Model Launch: The company plans to start customer deliveries of the R2 model in the second quarter, which will compete directly with Tesla's best-selling Model Y, potentially boosting Rivian's market share in the midsize SUV EV segment.
- Strategic Partnership: Rivian has secured a deal with Uber to purchase 10,000 fully autonomous R2 models, with an option for 40,000 more by 2030, providing up to $1.25 billion in investment, although achieving full autonomy remains a significant technological hurdle.
- Profitability Outlook: Rivian has postponed its goal of achieving adjusted EBITDA profitability by 2027 to invest in R&D for full autonomy, which may lead to stock price volatility, but successfully meeting these goals could provide a substantial competitive edge in the market.
See More
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- Market Expansion Plan: PONY and Uber have launched Europe's first commercial robotaxi service in Zagreb, Croatia, covering approximately 90 square kilometers, including the city center and Zagreb Airport, which is expected to significantly enhance local transportation efficiency and drive the company's global expansion strategy.
- Operational Time Schedule: The robotaxis will operate daily from 7:00 a.m. to 9:00 p.m. Central European Time, with plans to gradually expand coverage, aiming to meet the growing demand for transportation and improve user experience.
- Singapore Service Launch: PONY has received regulatory approval to launch its autonomous robotaxi service in Singapore, initially operating along a 12-kilometer route in northeast Punggol, which is expected to save commuters about 15 minutes, further enhancing its competitive edge in the market.
- Global Fleet Target: PONY expects to operate a total of 3,000 vehicles globally by the end of the year, leveraging its successful experience in China to demonstrate the maturity of its technology and business model, thereby laying the groundwork for accelerated commercialization in international markets.
See More
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- Service Launch: Pony AI's robotaxi program, in partnership with Verne and Uber, officially begins commercial operations in Zagreb, Croatia, marking Europe's first commercial robotaxi service and a significant advancement for autonomous driving technology in the European market.
- App Integration: Users can now book and pay for Pony.ai-powered robotaxi rides through the Verne app, with plans to expand availability through the Uber app, which will further broaden the user base and enhance market penetration.
- Coverage Area: The service initially spans approximately 90 square kilometers across the wider Zagreb city center, including Zagreb Airport, with plans for gradual expansion throughout the city, presenting greater market opportunities and revenue potential for the company.
- Partnership Dynamics: The launch comes just two weeks after the announcement of the partnership between Pony.ai, Verne, and Uber, demonstrating the rapid progress of the three parties in the autonomous driving sector, which is expected to drive future technological innovations and market competitiveness.
See More
