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
€59.50
-0.150%
The stock is an absolute favorite of our community with 70 Buy predictions and no Sell predictions.
With a target price of 78 € there is a positive potential of 31.09% for Uber Technologies Inc compared to the current price of 59.5 €.
