Uber Technologies stock has delivered a mixed ride for shareholders, with a strong three year gain sitting alongside weaker shorter term returns. This puts fresh focus on whether its current earnings really support today's price around US$71. Uber is also leaning hard into autonomous vehicles and new services, which could reshape its profit profile and raises a clear question about what investors are paying for right now. Over the past 3 years, Uber Technologies has returned 60.7%, so the key issue is whether that longer run justifies the valuation investors are now placing on its earnings power.
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