From 24/7 Wall St. · Vandita Jadeja · · 1m
Wall Street Bullish on Uber Profitability
Wall Street targets $107.27 for Uber after strong Q3 revenue beat.
In brief
Wall Street targets $107.27 for Uber after strong Q3 revenue beat. Wall Street raised Uber's price target to $107.27, citing 34-39% non-GAAP EPS growth and rising profitability. Originally reported by 24/7 Wall St..
Analyst Ratings Shift
Analysts assigned 9 Strong Buy and 32 Buy ratings to Uber with a single Sell.
Price Target Update
24/7 Wall St. sets Uber's price target at $107.27, representing 53.5% upside from current price.
Q3 Revenue Beat
Uber's Q3 revenue of $14.77 billion beat estimates, with non-GAAP EPS at $0.88.
Profitability Drivers
Delivery segment operating income rose 30% to $1.057 billion, with grocery and retail at a $15 billion annual rate.
Bull Case for $120
Analysts project Uber could reach $120.30 by year-end, driven by autonomous vehicles and rising free cash flow.
Bear Case Limit
The bear case caps at $92.38, citing driver shortages and GAAP EPS of $0.25 with legal reserves.
The key point
Wall Street raised Uber's price target to $107.27, citing 34-39% non-GAAP EPS growth and rising profitability.
