1 Wall Street Analyst Thinks Uber Stock Is Going to $90. Is It a Buy Around $67?
Uber Technologies (NYSE: UBER) received mixed reactions after reporting earnings on May 8. While the ride-hailing platform grew sales and monthly active users by 21% and 15%, respectively, the market fretted over the company's net loss stemming from valuation changes in investments it holds.
Still, Needham analyst Bernie McTernan set a price target of $90 for Uber over the next year, citing the company's 82% adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) growth as a critical reason for optimism.
Here's why I can't help but agree with McTernan's belief that Uber's operations are streamlining despite this one-off loss in net income this quarter.
Source Fool.com
Uber Technologies Inc Stock
€60.68
0.250%
With 71 Buy predictions and not a single Sell prediction Uber Technologies Inc is an absolute favorite of our community.
As a result the target price of 78 € shows a positive potential of 28.54% compared to the current price of 60.68 € for Uber Technologies Inc.
