Higher Margins, Better ROIC And Capable Management Define Pershing Square's Q3 2026 Portfolio

Impact · against what's priced in

Pershing Square's estimate of 20% EPS growth is largely non-catalytic for the mega-cap tech names, as it either aligns with existing assumptions or fails to bridge the gap to the bull cases the market already rejects. Only Uber sees a potential positive shift, as the fund's growth targets contrast sharply with the low-single-digit growth the market currently prices in.

UBER+0.40

Challenges what's priced in

The price assumes