Uber's stock has fallen more than 30% since the ride-hailing giant completed its $8.1 billion IPO in May.
Uber's stock has gotten clobbered since the ride-hailing giant went public in May, and now the company looks a bargain, according to Needham analyst Brad Erickson. Erickson argues that at Uber's current valuation, investors are basically getting Uber Eats, Freight, and the company's other mobility businesses for free. Uber has struggled to gain footing in the markets since its IPO, with its shares falling more than 35%. Watch Uber trade live.
Uber's stock has gotten clobbered since the ride-hailing giant went public in May, and now the company looks a bargain, according to Needham analyst Brad Erickson. Erickson argues that at Uber's current valuation, investors are basically getting Uber Eats, Freight, and the company's other mobility businesses for free. Uber has struggled to gain footing in the markets since its IPO, with its shares falling more than 35%. Watch Uber trade live.
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