Uber: Buy The Drop (Technical Analysis) (Rating Upgrade)
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Uber Technologies, Inc. has experienced significant gains since August 5th, 2024, due to strong quarterly earnings and revenue growth. The company reported Q3 earnings of $1.20 per share, surpassing estimates by 192.68%, and revenue of $11.19 billion, indicating 20% annualized growth. Uber's forward PE ratio is 25.2x, making it relatively attractive compared to peers.
November 11, 2024 | 6:45 pm
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Uber Technologies, Inc. reported strong Q3 earnings and revenue growth, with earnings per share of $1.20, surpassing estimates by 192.68%, and revenue of $11.19 billion. The forward PE ratio of 25.2x makes it attractive compared to peers.
Uber's strong earnings and revenue growth, along with a forward PE ratio that is attractive compared to peers, suggest a positive short-term impact on its stock price. The significant earnings beat and revenue growth indicate strong business performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100