A company called Morgan Stanley wrote a report about Uber, which is a big ride-sharing app and service. The report says that Uber's price is low compared to other similar companies because people are worried about self-driving cars taking over. But the report thinks Uber can still grow and make money, so it might be a good time to buy its stock at a lower price. Read from source...
- The article is written in a persuasive tone and tries to convince the reader that Uber is an attractive investment opportunity with a low growth-adjusted multiple.
- However, the article does not provide enough evidence or data to support its claims. For example, it mentions the Morgan Stanley Alphawise Survey, but does not explain how it shows ample growth runway for Uber.
- The article also uses vague terms like "multi-product rides and cross-platform strategies" without explaining what they mean or how they benefit Uber.
- The article compares Uber to other ride-hailing companies like LYFT and CART, but does not consider other factors that may affect their performance, such as regulatory challenges, competition, or customer preferences.
- The article seems to downplay the potential risks and threats that Uber faces, such as the legal battle with London's black cab drivers, the emergence of autonomous driving technologies, and the impact of COVID-19 on the demand for ride-hailing services.
- The article also relies on an outdated price target of $90, which may not reflect the current market conditions or the company's latest performance.