We are constructive on UBER into the quarter - Mizuho Securities

Mizuho Securities analyst James Lee reiterated a Buy rating and $50.00 price target on Uber Inc. (NYSE: UBER).

"We are constructive on UBER into the quarter despite positive investor expectations. Key points: (1) Airport and airline data in US and Europe continue to point to an improvement YTD, a good indicator for Mobility margins; (2) Consensus Mobility GB appears achievable if not conservative as the 1Q23 seasonal lift is consistent with historical patterns with the potential to gain share as the category leader; (3) Favorable UE should continue playing out in FY23 with more room to improve driver incentives as CAC remains low. Maintain Buy and $50PT. We believe risk/reward is attractive due to strong support to FY23E EBITDA and compelling relative valuation."

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 $31.05 yesterday.

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