Uber Technologies, Inc. UBER

Uber is no longer a cash-burning science experiment—it’s a global, two-headed marketplace throwing off nearly $7 billion in free cash each year. The network effect is real enough to keep Lyft and DoorDash sweating, Uber One is quietly turning scattered trips into sticky subscriptions, and a skimpy capex bill means most of every extra dollar drops straight to the bottom line. Yes, regulators and lawsuits lurk like potholes, and the 2024 profit headline had more tax sugar than grandma’s cookies, but at roughly 80 bucks a share the market is pricing Uber like its glory days are over. If management simply keeps margins creeping up and avoids a regulatory train wreck, the ride from here could be surprisingly smooth—and lucrative.