
Uber (UBER) Stock Forecast & Price Target
Uber (UBER) Analyst Ratings
Bulls say
Uber Technologies exhibited strong growth metrics, with Monthly Active Platform Consumers (MAPCs) reaching 189 million, a 17% year-over-year increase that surpassed consensus expectations. The company's Delivery segment generated $4.477 billion in revenue, reflecting a 27% year-over-year growth, bolstered by the expansion of its Grocery and Retail category, which achieved a $12 billion annualized gross bookings run-rate. Additionally, the Mobility segment showcased a robust performance with total revenues increasing by 18% year-over-year and trip growth accelerating to 22% year-over-year, indicating strong demand and improving unit economics across the platform.
Bears say
Uber Technologies reported an EBITDA loss of $(20) million, indicating a decline from $(6) million in the previous quarter and a slight improvement from $(19) million in the same quarter of the previous year. The company is facing potential risks related to slowing revenue growth, as evidenced by the adjusted EBITDA for 3Q falling approximately 0.5% short of consensus despite coming in at the high end of the guidance range. Additionally, while the firm is projecting consolidated EBITDA for 4Q to grow by 31%-36% year-over-year, concerns remain regarding the pace of adoption of autonomous driving technology, which poses both opportunities and risks for Uber's future growth trajectory.
This aggregate rating is based on analysts' research of Uber and is not a guaranteed prediction by Public.com or investment advice.
Uber (UBER) Analyst Forecast & Price Prediction
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