Explore the latest developments concerning Why Did Uber.
How Analysts See Uber’s Evolving Edge as Autonomous Profit Timing and Growth Expectations Shift
Uber Technologies has seen its fair value estimate and related assumptions tweaked only at the margins, with a roughly $1 lift in the price target and a slight uptick in the discount rate as analysts digest the latest Q3 update. These small shifts reflect a balance between stronger than expected revenue and EBITDA performance on one hand, and a more measured view on the timing of autonomous vehicle upside on the other. Read on to see how this evolving narrative could shape future price target moves and how you can stay on top of these shifts as they unfold.
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New Buy Rating for Uber Technologies (UBER), the Technology Giant
RBC Capital analyst Brad Erickson maintained a Buy rating on Uber Technologies today and set a price target of $110.00.
According to TipRanks, Erickson is a 5-star analyst with an average return of 21.9% and a 57.76% success rate. Erickson covers the Communication Services sector, focusing on stocks such as Reddit Inc Class A, Meta Platforms, and Alphabet Class A.
In addition to RBC Capital, Uber Technologies also received a Buy from Jefferies’s John Colantuoni in a report issued yesterday. However, on the same day, Wedbush maintained a Hold rating on Uber Technologies (NYSE: UBER).
Based on Uber Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $13.47 billion and a net profit of $6.63 billion. In comparison, last year the company earned a revenue of $11.19 billion and had a net profit of $2.61 billion
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