Uber Analysts Expect Enhanced Earnings and Strategic Buybacks Up To $5B
Portfolio Pulse from Anusuya Lahiri
Analysts from Keybanc, JMP, and Mizuho have raised their price targets for Uber Technologies Inc (NYSE:UBER), citing expectations for enhanced earnings, strategic buybacks up to $5B, and strong growth prospects. Keybanc's analyst expects Q4 GBV of $37.1 billion and EBITDA of $1.24 billion, with a raised price target from $70 to $79. JMP's analyst anticipates healthy top-line results and broad profitability, raising the target from $62 to $75. Mizuho's analyst reiterates a Buy rating with a $77 price target, expecting strong EBITDA results from favorable unit economics and market share gains.
February 06, 2024 | 7:59 pm
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Analysts from Keybanc, JMP, and Mizuho have raised their price targets for Uber, indicating a positive outlook on the company's earnings, strategic buybacks, and growth prospects.
The unanimous positive outlook from multiple analysts, along with the specific mention of strategic buybacks up to $5B, suggests a strong short-term bullish sentiment for Uber. The raised price targets reflect expectations of enhanced earnings and growth prospects, likely leading to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100