
Uber Technologies Inc. ($UBER) is experiencing a notable increase in its stock price ahead of its fourth-quarter earnings report scheduled for February 5, 2025. The stock has risen approximately 3.6% during the trading day, with analysts expressing optimism about the company's performance. Notably, Raymond James has reiterated a 'Strong Buy' rating, maintaining a price target of $95, citing the potential benefits of Uber's partnership with Waymo and its expansion into autonomous driving as key growth drivers. Additionally, there is speculation that Uber may reverse a substantial portion of its valuation allowance against tax attributes in connection with its upcoming earnings results, which could positively impact its earnings per share (EPS). Market sentiment remains strong as the stock trades above its 200-day moving average, indicating bullish momentum.
$UBER back over 200ma daily ER tomorrow
Good chance $UBER reverses a big chunk of its valuation allowance against its tax attributes in connection with its 4Q24 results tomorrow morning. Headline EPS could be ๐คฏand will increase investor awareness and focus on this not-insignificant source of value.โฆ
$UBER | ๐๐๐๐ซ (UBER): Raymond James reiterates ๐๐ญ๐ซ๐จ๐ง๐ ๐๐ฎ๐ฒ, keeps ๐๐ ๐๐ญ $๐๐โsees Waymo partnership & autonomous expansion as key drivers https://t.co/v6t7N1UK7O

