Uber (UBER) offers stronger-than-expected bookings outlook

Uber Inc. (UBER) PT Raised to $82 at Deutsche Bank, 'We are very encouraged by fundamental trends'

February 8, 2024 6:20 AM EST

Deutsche Bank analyst Lloyd Walmsley raised the price target on Uber Inc. (NYSE: UBER) to $82.00 (from $58.00) while maintaining a Buy rating.

The analyst comments "Mobility gross bookings growth was strong in 4Q up 28% FXN, with particular strength in LatAm and APAC, and driven in part by growth within the non-UberX portfolio, which was up 80%... More

Uber Inc. (UBER) PT Raised to $80 at Evercore ISI

February 7, 2024 2:13 PM EST

Evercore ISI analyst Mark Mahaney raised the price target on Uber Inc. (NYSE: UBER) to $80.00 (from $75.00) while maintaining a Outperform rating.

The analyst comments "We reiterate our Outperform rating on UBER in the wake of modest Beat & Raise Q4 EPS results. $37.6B in Bookings (up 21% Y/Y ex-FX) came... More

Here's why Uber (UBER) dips 'should get bought' according to Bernstein

February 7, 2024 10:00 AM EST

Bernstein analysts provided their outlook for Uber (NYSE: UBER) shares in a note this week ahead of the company's investor update, saying that the company's fundamentals now look solid.

The note, headed by analyst Nikhil Devnani, says that anyone pulling up a chart of UBER share price performance in 2023 will consider it "scary" and question what is to come next for the stock.

However, for Bernstein, which... More

Uber expects strong core profit as ride share, food delivery pick up pace

February 7, 2024 6:58 AM EST

By Yuvraj Malik

(Reuters) -Uber Technologies forecast quarterly core profit and gross bookings above estimates and reported market-beating results for the holiday quarter on Wednesday, fueled by higher demand in its ride sharing and food delivery businesses.

It posted its first annual net profit as a public company as user retention improved, also benefiting from initiatives like memberships, corporate travel and advertising.

Uber will discuss capital allocation plans at its investor day on Feb. 14, it said,... More

Uber (UBER) Tops Q4 EPS by 50c

February 7, 2024 6:58 AM EST

Uber (NYSE: UBER) reported Q4 EPS of $0.66, $0.50 better than the analyst estimate of $0.16. Revenue for the quarter came in at $9.94 billion versus the consensus estimate of $9.76 billion.

Outlook for Q1 2024

For Q1 2024, we anticipate:

Gross Bookings of $37.0 billion to $38.5... More