Prediction: If You Invest $10,000 in Uber Today, It Will Be Worth This Much by 2030
Key Points
Uber trades at a discount due to robotaxi fears.
Robotaxis should actually be a long-term growth engine for Uber.
Uber Technologies (NYSE: UBER) has become an unlikely value stock. Analysts anticipate 11% sales growth this year, followed by 15% sales growth in 2027. Earnings per share, meanwhile, are expected to jump from $3.19 in 2026 to $4.56 next year. And yet Uber stock trades at just 15 times trailing earnings.
Hedge fund manager Bill Ackman recently called Uber "one of the best managed and highest quality businesses in the world," adding that shares are "likely to more than double over the next three to four years."
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If Ackman's prediction comes true, a $10,000 investment in Uber could be worth more than $20,000 by 2030.
Why does this opportunity exist? Because the market views self-driving vehicles as a potential threat. In reality, robotaxis could deliver another long-term growth driver for Uber.
This is why Uber stock is so cheap
Last week, I discussed Uber's valuation discount in detail. The crux of the argument is simple. The market thinks robotaxis will disintermediate Uber's business. But Uber already controls the two-sided ride-hailing marketplace in many key regions. In the U.S., for example, Uber commands a powerful 75% market share for ride-hailing services.
Image source: Getty Images.
Bears see robotaxis cutting out Uber as an intermediary. In reality, I think robotaxis could further solidify Uber's dominant market position. Robotaxi fleets will want high utilization rates to justify upfront capital expenditures. That means going where the demand is. More than 60% of ride-sharing users exclusively user Uber without checking any other competing app.
In short, expect robotaxi operators to list their vehicles on Uber's marketplace, further entrenching Uber as the go-to platform for ride-sharing services, whether they're powered by humans or robots.
Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy.