Uber (UBER) shares have had a rough ride in 2024, lagging behind the broader market with only a 12% gain over the last 12 months. However, my bullish outlook remains intact, considering that recent underperformance doesn’t reflect any weakness in the company’s business fundamentals. The company has been posting solid revenue and profit growth while generating impressive cash flow. The main factor weighing on investor sentiment seems to be the fear that robotaxis could disrupt the ride-sharing in
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