$Uber Tech(UBER.US) (+4.0%) hit a new all-time high this morning ($86.80) as investors continue to view UBER as one of the best ways to play the coming shift to autonomous ride-hailing, which would significantly reduce UBER’s cost per mile and accelerate growth in MAPCs and trips. At 29x 2025 adj EPS (21x EV/EBITDA) and +19% forecasted EPS growth from 2025-2030 (+18% forecasted EBITDA growth), UBER still seems cheap on valuation (1.5x PEG).
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