Uber Likely To Report Q3 Profit; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Uber Technologies, Inc. (NYSE:UBER) is expected to report Q3 earnings of 12 cents per share, a significant improvement from a loss of 61 cents per share a year ago. Revenue is projected to be $9.52 billion, up from $8.12 billion in the same period last year. The company recently settled with the New York State Department of Labor to ensure eligible drivers and couriers can receive unemployment benefits. Uber's stock closed at $48.14 on Monday, up 0.8%. Several analysts have given the stock a 'Buy' rating with varying price targets.
November 07, 2023 | 7:40 am
News sentiment analysis
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POSITIVE IMPACT
Uber is expected to report a profitable Q3, with increased revenue. The company's recent settlement with the NY State Department of Labor and positive analyst ratings could positively impact the stock.
The news of Uber's expected profitability and increased revenue for Q3 is positive for the company. Additionally, the recent settlement with the NY State Department of Labor shows the company's commitment to its drivers and couriers, which could improve its public image. The positive analyst ratings also indicate confidence in the company's performance, which could attract more investors and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100