Why This Uber Analyst Expects EBITDA To Likely Reach $1B Per Quarter By Q4 2023
Portfolio Pulse from Lekha Gupta
Roth MKM analyst Rohit Kulkarni has raised the price target for Uber Technologies Inc (NYSE:UBER) from $46 to $59 with a Buy rating. Kulkarni expects Uber to reach EBITDA generation of $1 billion per quarter by Q4 2023, which will accelerate FCF conversion and EPS generation. The analyst also expects Uber to generate ad revenues of over $1.25 billion and subscription revenues of over $1.75 billion in 2024. However, the recent CFO departure is viewed as a minor near-term negative.
July 18, 2023 | 4:56 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Uber's price target has been raised by Roth MKM analyst Rohit Kulkarni, who expects the company to reach EBITDA of $1 billion per quarter by Q4 2023. This is expected to accelerate FCF conversion and EPS generation. However, the recent CFO departure is seen as a minor near-term negative.
The raised price target and positive outlook from the analyst are likely to boost investor confidence in Uber, potentially driving the stock price up in the short term. However, the recent CFO departure could create some uncertainty, slightly dampening the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100