Tesla robotaxi is a multi-trillion dollar opportunity - ARK

Uber Inc. (UBER) PT Lowered to $93 at BofA Securities

BofA Securities analyst Justin Post lowered the price target on Uber Inc. (NYSE: UBER) to $93.00 (from $96.00) while maintaining a Buy rating.

The analyst comments "Uber reported Bookings/Rev/EBITDA of $41.0bn/$11.19bn/$1.69bn vs. Street at $41.2bn/$10.99bn/$1.65bn, and reached $1bn in... More

Melius Reiterates Hold Rating on Uber Inc. (UBER)

Melius analyst Conor Cunningham reiterated a Hold rating and $85.00 price target on Uber Inc. (NYSE: UBER)

The analyst comments "The debate around Uber has focused far less on the companys ability to drive profitable growth and much more on the surrounding noise. Although the Tesla robotaxi event was viewed as disappointing by many, it remains clear that Tesla is moving full throttle into autonomy, which introduces competitive uncertainty. Uber, meanwhile, continues to lean aggressively into autonomous vehicle (AV) partnerships, now totaling 14, with... More

BMO Capital Reiterates Outperform Rating on Uber Inc. (UBER)

BMO Capital analyst Brian J. Pitz reiterated an Outperform rating and $92.00 price target on Uber Inc. (NYSE: UBER).

The analyst comments "Shares of Uber are down ~12% today on a 2% Mobility Bookings miss for 3Q24, which we view as overblown. Our thesis remains intact, with $13B of US Mobility Bookings to come as R&D resources are increasingly focused on unlocking Suburbia. Our Delivery estimates rise given effective execution, yet Uber remains underpenetrated globally. Uber's 3-year mid-teens growth guidance is on track, and valuation is compelling as shares trade at ~17.5x our 2025E... More

Oppenheimer Cautious on Uber Inc. (UBER), PT Lowered to $85, 'Weaker Mobility Forecast'

Oppenheimer analyst Jason Helfstein lowered the price target on Uber Inc. (NYSE: UBER) to $85.00 (from $95.00) while maintaining a Outperform rating.

The analyst comments "Lowering target to $85 (was $95) and maintaining Outperform on weaker Mobility booking forecast, largely offset by Delivery bookings/margins. Combined with... More

Here's what analysts are expecting as Uber gets ready to report earnings

As Uber (NYSE: UBER) gears up to report its third-quarter earnings on October 31, analysts are predicting a mixed performance, with strengths in delivery offsetting softer mobility trends.

Wells Fargo analysts expect gross bookings to be near the higher end of the companys guidance of $41.75 billion, highlighting strong delivery growth and a favorable currency impact of approximately $200 million.

However, they caution that mobility trends are showing signs of weakness, particularly in... More