Uber Likely To Post Narrower Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Uber Technologies, Inc. is expected to report a narrower Q2 loss of 1 cent per share, compared to a year-ago loss of $1.33 per share, with revenues of $8.46 billion. Several analysts have recently raised their price targets for Uber, with the highest target set at $75 by Evercore ISI Group analyst Mark Mahaney.
August 01, 2023 | 7:42 am
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POSITIVE IMPACT
Uber is expected to report a narrower Q2 loss, and several analysts have raised their price targets for the company. This could potentially boost investor confidence and positively impact the stock price.
The expected narrower Q2 loss indicates an improvement in Uber's financial performance, which is a positive signal to investors. Additionally, the raised price targets by several analysts could boost investor confidence and demand for the stock, potentially leading to a rise in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100