To The Moon

Uber Technologies Inc. (UBER) is poised for a transformative leap, with its stock price at $91.65 reflecting a robust foundation for a bullish breakout. The recent 8% surge following the launch of its robotaxi service with Waymo in Atlanta, coupled with a year-to-date gain of 44%, signals a company on the cusp of a technological revolution. With a market buzzing with optimism and technical indicators aligning, I am strongly bullish on UBER’s potential to surge past $100 in the near term.

Message-Driven Momentum: The news of Uber’s robotaxi partnership with Waymo is a game-changer. This collaboration positions Uber to capitalize on the autonomous driving boom, potentially adding billions to its revenue stream. Analyst upgrades, such as Cantor Fitzgerald’s recent target price hike, underscore the market’s confidence, while X posts highlight investor enthusiasm for this innovative pivot. This isn’t just a trend—it’s a structural shift that could see UBER outpace competitors like Tesla in the robotaxi race.

Solid Fundamentals: Uber’s financials back this optimism. With a market cap of $1.78 trillion and Q1 2025 revenue of $115.3 billion, the company demonstrates resilience. A gross margin of 39.85% and an EPS of $0.85 (exceeding expectations of $0.508) highlight operational efficiency and profitability. The Altman Z-Score of 2.65 and a debt-to-equity ratio of 0.85 further affirm financial health. Long-term growth hinges on expanding into non-urban markets and scaling its delivery and autonomous services, areas where Uber holds a competitive edge.

Technical Strength: The charts tell a compelling story. UBER’s stock is trading above its 50-day ($85.24) and 200-day ($73.54) moving averages, with an RSI of 70 indicating strong momentum, though nearing overbought territory. The MACD remains bullish, and the stock’s proximity to its 52-week high of $93.60 suggests a breakout is imminent. With a daily volume of 17.40 million shares—above its 38.93 million share average—buying pressure is evident. A push past $93.60 could target $100-$105 within weeks, supported by analyst targets reaching up to $115.00.

Why I’m Fiercely Bullish: The convergence of a revolutionary robotaxi launch, solid earnings growth, and bullish technicals makes UBER a standout. The robotaxi market is projected to grow at a CAGR of 60% through 2030 (per McKinsey), and Uber’s early mover advantage could yield exponential returns. I forecast a surge to $100 by mid-July 2025, with a potential climb to $115 if momentum holds. Even a pullback to $87-$88 offers a buying opportunity, given the stock’s upward trajectory.

Trading Strategy: Enter long positions now or on dips to $87-$88, with a stop-loss below $85. Target $100 initially, then $105-$115 as the robotaxi narrative gains traction. Monitor volume and news flow—sustained activity above 17 million shares daily will confirm the breakout. Uber isn’t just a ride-hailing stock; it’s a tech titan in the making. Seize this rocket ride!