Uber Analyst Bets New Verticals, Partnerships Will Drive Q3 Gains
Portfolio Pulse from Anusuya Lahiri
Uber Technologies Inc. is expected to exceed Q3 earnings estimates, driven by new verticals and partnerships. Bank of America raised its price target for Uber, highlighting its leadership in the sharing economy and potential network effects. Analysts predict growth in both Mobility and Delivery segments, with significant contributions from partnerships with Costco and Instacart.
October 23, 2024 | 7:31 pm
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Uber's Q3 earnings are projected to slightly exceed estimates, supported by new verticals and partnerships. Bank of America raised its price target to $96, citing Uber's leadership in the sharing economy and potential network effects.
Uber's expected Q3 earnings beat, driven by new verticals and partnerships, suggests positive short-term stock movement. Bank of America's increased price target further supports this outlook.
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IMPORTANCE 90
RELEVANCE 100