Is UBER a good stock to buy? We came across a bullish thesis on Uber Technologies, Inc. on R. Dennis’s Substack by OppCost. In this article, we will summarize the bulls’ thesis on UBER. Uber Technologies, Inc.’s share was trading at $75.13 as of March 6th. UBER’s trailing and forward P/E were 15.88 and 22.42 respectively according to Yahoo Finance.
Uber Technologies, Inc. develops and operates proprietary technology applications in the United States and internationally. UBER recently delivered its February 4, 2026, earnings report, marking a record-breaking 2025 with 200 million monthly active users, yet the stock fell nearly 5% to around $75 due to softer-than-expected Q1 guidance. Despite the short-term headwinds, a major institutional investor made a decisive bullish bet, selling 20,450 contracts of March 20, 2026, $65 Puts for $0.60, collecting $1.2 million in premiums on a $133 million notional exposure.
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This move signals confidence that $UBER has established a strong post-earnings floor, with the $65 strike offering a 13.5% buffer from the current price and a break-even of $64.40, near the stock’s 52-week low of $60. Long-term, Uber’s strategic positioning in autonomous vehicles adds to its upside potential. The company’s partnership with Nvidia aims to collect over three million hours of real-world autonomous vehicle data, placing Uber at the forefront of the global robotaxi market. CEO Dara Khosrowshahi expects Uber’s robotaxi operations to expand to 15 cities by the end of 2026, further reinforcing its data moat.
Additionally, Uber generated a record $9.8 billion in free cash flow in 2025, up 42% year-over-year, providing a substantial safety net and the capacity for aggressive stock buybacks that could support the share price if it dips toward the $65 level.
With elevated implied volatility making these puts overpriced, the trade highlights a compelling risk/reward scenario. For investors, $UBER represents a unique opportunity where near-term market pessimism creates an attractive entry point, while the company’s robust cash flow, growth in autonomous operations, and strategic buyback program underpin a bullish outlook with limited downside risk.
Previously, we covered a bullish thesis on Uber Technologies, Inc. (UBER) by Quality Equities in March 2025, which highlighted its leadership in mobility and food delivery, accelerating profitability, and growth in autonomous vehicles. UBER’s stock price has depreciated by approximately 0.63% since our coverage. OppCost shares a similar view but emphasizes post-earnings activity, the $65 put strategy, and Uber’s AV data moat.
Uber Technologies, Inc. is on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 147 hedge fund portfolios held UBER at the end of the fourth quarter which was 143 in the previous quarter. While we acknowledge the risk and potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UBER and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
