Barclays increased the price target on Uber Technologies’ stock to $43 (30.7% upside potential) from $39 and reiterated a Buy rating amid expectations of a recovery in its delivery and mobility businesses post 2Q results.
Ross Sandler wrote in a note on Friday that Uber (UBER) “Delivery continues to stand out and management provided some new country-level stats which give confidence that Mobility can recover to pre-Covid-19 levels.” Sandler believes that “Uber will come out of the current slowdown in much better shape with higher take rates, profit margins, and a "strong and balanced" position in both Delivery and Mobility.”” data-reactid=”13″>Barclays analyst Ross Sandler wrote in a note on Friday that Uber (UBER) “Delivery continues to stand out and management provided some new country-level stats which give confidence that Mobility can recover to pre-Covid-19 levels.” Sandler believes that “Uber will come out of the current slowdown in much better shape with higher take rates, profit margins, and a “strong and balanced” position in both Delivery and Mobility.”
On August 6, Uber reported better-than-expected top-line results for 2Q as revenues of $2.24 billion beat analysts’ expectations of $2.18 billion. The company’s loss per share of $0.80 was also narrower than the Street estimates of $0.86.
James Lee raised the price target on Uber to $42 (27.7% upside potential) from $40 and maintained a Buy rating. Lee noted that the company’s online delivery business, Uber Eats “outperformed due to home confinement.”” data-reactid=”19″>On August 7, Mizuho analyst James Lee raised the price target on Uber to $42 (27.7% upside potential) from $40 and maintained a Buy rating. Lee noted that the company’s online delivery business, Uber Eats “outperformed due to home confinement.”
price target of $42.29 implies an upside potential of about 29% to current levels. (See UBER stock analysis on TipRanks).” data-reactid=”20″>Overall, UBER has a Strong Buy analyst consensus. The average price target of $42.29 implies an upside potential of about 29% to current levels. (See UBER stock analysis on TipRanks).
Uber Acquires Taxi Tech Firm Autocab To Expand In UK
Uber Inks Agreement With Google Maps
Uber Eats, Carrefour Take Online Delivery To Rest Of France, Belgium” data-reactid=”29″>Related News:
Uber Acquires Taxi Tech Firm Autocab To Expand In UK
Uber Inks Agreement With Google Maps
Uber Eats, Carrefour Take Online Delivery To Rest Of France, Belgium
More recent articles from Smarter Analyst:
