Will Q1 Earnings Drive Uber Stock Out Of Its Current Stagnant Trend?
Portfolio Pulse from Surbhi Jain
Uber Technologies Inc (NYSE:UBER) is anticipated to report Q1 earnings with 23 cents EPS and $10.1 billion in revenues. Despite a year-over-year increase of 84.16% and a YTD rise of 16.14%, the stock shows a stagnant trend with mixed technical indicators. Analysts predict a 30% upside, with a consensus price target of $77.94, and recent ratings suggesting an average target of $92.67.
May 07, 2024 | 2:53 pm
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POSITIVE IMPACT
Uber is expected to report Q1 earnings with positive EPS and revenue growth. Mixed technical indicators but analysts remain bullish with a significant upside potential.
The anticipation of positive Q1 earnings and revenue growth, combined with a bullish outlook from analysts, suggests a potential short-term upside for UBER stock. However, mixed technical indicators introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100