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Mark R. Hake, CFA

UBER Stock Soars After Strong Earnings and Cash Flow - But is it a Buy?

Uber Barchart Lyft Mark R Hake

Uber Technologies Inc. (UBER) stock has soared since reporting strong Q1 results on May 7. However, that may mean it is open to profit-taking. Nevertheless, its long-term value is higher based on its strong free cash flow and FCF margins.

UBER is at $92.67 in midday trading on Friday, May 16. That is up from $82.81 on May, just after its May 7 results. That may have been a case of “sell on the news.” The fact is Uber's results were very strong, especially its free cash flow and FCF margins.

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