Dec 19, 12:32 PM

Analysts Maintain Positive Ratings on Uber Technologies with Price Targets Up to $95, $90, and $85 Amid 23% Stock Decline

Analysts have expressed a positive outlook on Uber Technologies Inc. ($UBER), with multiple firms reiterating their ratings and price targets amid ongoing concerns about the company's growth prospects. Cantor Fitzgerald has maintained an 'Overweight' rating with a price target of $90. Bernstein also reaffirmed its 'Outperform' rating, setting a price target of $95, while noting that Uber is becoming increasingly controversial among large-cap U.S. Internet stocks as it heads into 2025. Oppenheimer has an 'Outperform' rating with a price target of $85, highlighting that the recent decline in Uber's stock—down 23% since its earnings report—presents a buying opportunity, particularly in light of a projected 17% revenue and 30% EBITDA compound annual growth rate from 2024 to 2026. Analysts suggest that concerns over U.S. ride growth and robotaxi developments are influencing investor sentiment, but they believe the fundamentals remain strong for Uber's long-term growth.

#Cantor Fitzgerald #Bernstein #Outperform #Uber #Internet #Oppenheimer

Written with ChatGPT (GPT-4o mini).

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