$UBER · Parkev Tatevosian, CFA · 2026-11-02
Uber 股价 65 美元，相对测算的 122 美元合理价值存在折价，原因是市场担忧自动驾驶汽车；说话者认为这项技术既是重大下行风险，也是重大上行机会——若 Uber 能驾驭它，凭借超过 2 亿月活跃用户和通勤习惯数据，其车队运营能力将优于新进入者。他持有该股，若股价维持在当前水平附近，他愿意加仓。
逐段跳播
我接下来要重点介绍的、现在可以买入的最佳股票之一是 Uber，它的交易价格是122美元。抱歉，我计算出的公允价值是122美元，但它的交易价格是65美元。Uber 以如此大的折价交易，原因是对自动驾驶汽车技术的担忧。
The next stock I'm going to highlight as one of the best stocks you can buy is Uber, which is trading at $122. Sorry, I calculated its fair value at $122, but it is trading at $65.
The reason Uber is trading at such a discount is due to concerns about self-driving car technology.
不过，我认为自动驾驶汽车技术对 Uber 来说是一个重大的下行风险，同时如果公司能够驾驭这项技术并改善其运营，并以更大的竞争优势提供类似技术，那也是一个重大的上行机会，尤其是因为它已经在其平台上与超过2亿月活跃用户建立了关系。
它了解一些最有价值客户的日常通勤习惯，因此能够比任何新进入者更有效地部署和管理这支车队，而新进入者必须吸引所有这些客户、了解他们的行为、确定向每个区域派多少辆车等等。
However, I see self-driving car technology as a major downside risk for Uber, and at the same time a major upside if the company can harness this technology and improve its operations, and offer similar technology with a greater competitive advantage, especially since it already has relationships with more than 200 million monthly active users on its platform.
It understands the daily commuting habits of some of its most valuable customers, and therefore can deploy and manage that fleet more effectively than any newcomer who has to attract all those customers, learn their behaviors, determine how many vehicles to send to each area, and so on.
我的投资组合中持有 Uber 股票，如果价格保持在接近这些水平，我有兴趣继续加仓。
I own Uber shares in my portfolio and I am interested in adding more if the price stays close to these levels.
这个频道对 $UBER 的历次判断
Parkev Tatevosian, CFA 在这只股票上共 8 条判断，这里只列相邻的几条。