Uber Inc. (UBER) Investors Didn't Get the Expected Upside...Yet - Jefferies

Jefferies analyst Brent Thill reiterated a Buy rating and $80.00 price target on Uber Inc. (NYSE: UBER) after management set '24 goals of bookings $165-175B and EBITDA $5B.

The analyst stated "While investors might have wished for more upside, we see conservatism and early signs of significant profit potential. L-T EBITDA mgn goals reiterated at 25% of rev or 7% of bookings. Still very early in Uber using its platform advantage to penetrate transport and delivery markets. Valuation attractive at 2.5x CY23 EV/S."

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 $37.75 yesterday.

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