Analysts See Uber's Momentum in Mobility and Delivery as Key to Long-Term Growth, Despite Mixed Q4 Guidance
Portfolio Pulse from Anusuya Lahiri
Analysts from Truist Securities, Needham, Mizuho, Morgan Stanley, and Roth MKM have maintained or reiterated their positive ratings on Uber Technologies Inc (NYSE:UBER), despite mixed Q4 guidance. The analysts highlighted Uber's strong momentum in Mobility and Delivery, record high EBITDA margins, and improving operational efficiencies as key to its long-term growth. However, they also noted potential challenges such as competition with Lyft, geopolitical uncertainty, and consumer spending trends.
November 08, 2023 | 8:50 pm
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Analysts maintain positive outlook on Uber despite mixed Q4 guidance, highlighting strong momentum in Mobility and Delivery, record high EBITDA margins, and improving operational efficiencies.
The analysts' positive ratings on Uber, despite mixed Q4 guidance, indicate their confidence in the company's long-term growth prospects. This is likely to have a positive impact on Uber's stock price in the short term.
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