Why Uber Stock Popped on Tuesday
Uber Technologies (NYSE: UBER) took its investors on a lucrative little ride Tuesday, as its share price accelerated more than 4% higher. This came after an analyst reminded the market that the stock is a No. 1 pick of his in its category for 2023.
Early this morning, Roth MKM's Rohit Kulkarni put a little fuel injection into his Uber price target. He significantly increased it to $59 per share from the previous $46. He maintained his buy recommendation as he did so.
The foundation of this is the analyst's new profitability estimates for both full-year 2023 and 2024. Kulkarni has raised his forecasts for earnings before interest, taxes, depreciation, and amortization (EBITDA) and earnings per share (EPS) by 15% for the two years.
Source Fool.com
Uber Technologies Inc Stock
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 80 € shows a positive potential of 22.21% compared to the current price of 65.46 € for Uber Technologies Inc.
