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  "documentTitle": "Uber Technologies (UBER)",
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  "notes": "The slide highlights a valuation disconnect where earnings estimates have risen while the share price has declined.",
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      "text": "We believe Uber's P/E multiple is low in the context of its 30%+ growth profile",
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      "text": "Since Uber's February 2024 Investor Update, Uber's share price has decreased 3% while analysts' earnings estimates increased more than 50%, resulting in a significant decrease in Uber's multiple, now 29x earnings per share",
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      "text": "We believe Uber’s P/E multiple is low in the context of its 30%+ growth profile",
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      "text": "Source: Bloomberg. This slide contains Pershing Square's own views and opinions, based on publicly available information, to illustrate Pershing Square's thinking on the matters therein.",
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