10 Stocks on Analysts’ Radar Amid Tariff Turbulence

4. Uber Technologies (NYSE:UBER)

Number of Hedge Fund Investors: 166

Jim Cramer in a recent program on CNBC discussed why the market reaction was wrong on Uber Technologies (NYSE:UBER)’s last quarterly results and explained the reasons why he remained positive on the company:

“Uber Technologies up more than 24% for the year, making it the fifth best performer in the S&P. About a month and a half ago, I stuck my neck out and defended Uber after it reported a widely panned quarter. Stock fell 7.5% in a single session. That seemed wrong to me. Turned out to be a very good call. It’s rallied quick 10 bucks in. Now, what made me confident enough to risk my neck on Uber? Well, in management’s own words, it was their quote “strongest quarter ever” end quote, with record tips, gross bookings, and adjusted EBITDA. Gross bookings were particularly impressive, up 21% year-over-year. I couldn’t believe why the stock was going down. Monthly active platform customers were up 14%. Total trips are up 18%. The rideshare business is booming. While Uber’s freight segment—that is their smallest, by the way—did have a gross bookings miss, the company’s two main businesses, mobility (meaning ride-sharing) and delivery (meaning Uber Eats), both beat expectations for gross bookings.

Even though there was some nitpicking on the guidance for the current quarter, I said that that it wasn’t enough to justify the stock’s vicious 7.5% selloff. Sure enough, over the next three days, Uber immediately shot up nearly 22%. Clearly, someone got it wrong when they were selling. The stock’s fared pretty well since then too.”

Hardman Johnston Global Equity Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q4 2024 investor letter:

“During the quarter, we initiated three new positions in Lennar Corporation, Bank of America Corp., and Uber Technologies, Inc. (NYSE:UBER). Uber is a leading platform company that facilitates ride-hailing, food delivery, and freight booking services, which each represent large and underpenetrated markets. Uber is active in more than 10,000 cities and approximately 70 countries globally, and Uber is a market leader with more than 65% market share in nearly all ride-sharing regions in which it operates. Uber should continue to benefit from secular tailwinds, product innovation, expansion, and network effects. The cross-selling of the Uber One membership program should drive both loyalty and engagement. International markets represent half the business and continue to be an important growth driver. Overall, we see sustained healthy topline growth for the company over the next three years with some insulation to global economic trends.”