Uber Announces Results for Third Quarter 2024
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Seaport Global Securities Reiterates Buy Rating on Uber Inc. (UBER)
November 1, 2024 5:54 AM EDTSeaport Global Securities analyst Aaron Kessler reiterated a Buy rating and $82.00 price target on Uber Inc. (NYSE: UBER).
The analyst comments "We maintain our Buy rating and increase our price target to $82 (from $81) following 3Q24 results. Uber reported a somewhat mixed 3Q with... More
Uber Inc. (UBER) PT Lowered to $93 at BofA Securities
October 31, 2024 3:51 PM EDTBofA 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)
October 31, 2024 1:14 PM EDTMelius 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)
October 31, 2024 1:12 PM EDTBMO 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'
October 31, 2024 1:08 PM EDTOppenheimer 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
Uber (UBER) Tops Q3 EPS by 83c, Beats on Revenue
October 31, 2024 6:57 AM EDTUber (NYSE: UBER) reported Q3 EPS of $1.20, $0.83 better than the analyst estimate of $0.37. Revenue for the quarter came in at $11.19 billion versus the consensus estimate of $10.99 billion.
For earnings history and earnings-related data on Uber (UBER) click here.
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