Uber Inc. (UBER) Earnings Preview - Cowen

Cowen analyst John Blackledge reiterated an Outperform rating and $82.00 price target on Uber Inc. (NYSE: UBER) expecting strong but decelerating 3Q21 Gross Bookings growth led by
Mobility and Delivery, resulting in the first quarter of positive EBITDA.

The analyst stated "We forecast 3Q Mobility GBs of $10.1BN, +71% y/y driven by rising trips and GB/trips; we forecast Delivery GBs of $12.7BN +49% y/y. We expect 3Q EBITDA of $9MM, improving dramatically from a $509MM loss in 2Q." When the company preannounced strength in late September, the CEO, Dara Khosrowshahi, highlighted that the improvements were driven by better than expected profitability at both Mobility and Delivery which increases confidence that this will be the company's first positive EBITDA quarter.

For an analyst ratings summary and ratings history on Uber Inc. click here. For more ratings news on Uber Inc. click here.

Shares of Uber Inc. closed at $46.41 yesterday.

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