UBER: Bullish Momentum Builds on Free Cash Flow — But a $200M IPO Settlement Still Unfolds

Court: N.D. California

Case: 3:19-cv-06361

Uber UBER has delivered a +41% YTD return, far outpacing the broader market. A recent bullish thesis by Simeon McMillan sees 15–25% further upside, fueled by Uber’s surging free cash flow, resilient earnings, and growing revenue from Delivery and Freight, which now comprise 44% of the company’s topline.

The stock's valuation multiple expanded by 37% as 2026 earnings proved stronger than expected, and concerns over autonomous vehicle (AV) competition eased following Uber’s integration deal with Waymo.

• FCF conversion exceeds 100%
• Waymo partnership reduces competitive threats
• Consensus sees $107–$117 price target range over next 12 months
• Strong institutional backing: 145 hedge funds hold UBER

While the bull case strengthens, Uber is still navigating a $200 million investor settlement over claims it misled shareholders during its 2019 IPO.

• May 10, 2019: Uber goes public, raises $8.1B
• Aug 2019: Reports $5.24B loss, stock drops 20%
• Oct 2019: Class action lawsuit filed
• Class Period: Nov 5, 2019 – Nov 20, 2024

• Misrepresenting financial risk and sustainability of business model
• Operating illegally in key markets (India, LATAM, Tanzania)
• Ignoring major safety concerns — including 5,981 sexual assaults and 107 crash-related deaths

• Eligible shareholders: Held UBER between Nov 5, 2019 – Nov 20, 2024
• Late claims are being accepted, pending court approval
• Payouts typically take 8–12 months post-approval

👉 You can check more information about it and file for a payout HERE.

UBER is riding high on operating momentum — but unresolved issues from its IPO era still trail close behind.