On Nov 02, major Wall Street analysts update their ratings for $Uber Technologies (UBER.US)$, with price targets ranging from $82 to $120.
Goldman Sachs analyst Eric Sheridan maintains with a buy rating, and adjusts the target price from $90 to $96.
Barclays analyst Ross Sandler maintains with a buy rating, and maintains the target price at $86.
Wells Fargo analyst Ken Gawrelski maintains with a buy rating, and maintains the target price at $90.
Evercore analyst Mark Mahaney maintains with a buy rating, and adjusts the target price from $90 to $120.
TD Cowen analyst John Blackledge maintains with a buy rating, and maintains the target price at $90.
Furthermore, according to the comprehensive report, the opinions of $Uber Technologies (UBER.US)$'s main analysts recently are as follows:
The recent quarterly results from Uber have led to a mixed reaction, with a minor shortfall in mobility being offset by stimulating discussions on autonomous vehicles. This has been perceived as an opportunity, as the company continues to demonstrate robust growth rates above 20% and its emerging business sectors are expanding rapidly.
The focal points of discussion following the quarter revolve around the factors causing a slowdown in mobility and the roadmap to achieving stable growth. Despite this, Uber retains a robust growth narrative, although it may require additional financial reporting and guidance to mitigate concerns surrounding its growth trajectory.
The deceleration observed in Mobility gross bookings and the milder growth in Trips during the third quarter might lead to worries regarding a slowdown in the Mobility sector. It is posited that this trend does not adversely affect profitability.
The firm's adjustment in its valuation outlook for Uber is predominantly due to extending its valuation framework to FY26. After observing Uber's Q3 earnings which surpassed expectations, as well as strong underlying business metrics, the analyst continues to perceive Uber as a dominant entity in both Rideshare and Online Delivery markets.
Here are the latest investment ratings and price targets for $Uber Technologies (UBER.US)$ from 11 analysts:
Note:
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