Uber Technologies (UBER – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Youssef Squali from Truist Financial maintained a Buy rating on the stock and has a $90.00 price target.
Youssef Squali has given his Buy rating due to a combination of factors that highlight Uber Technologies’ strong performance and future potential. The company’s fourth-quarter results exceeded expectations, with total revenues reaching $11.96 billion, surpassing the consensus of $11.76 billion, and showing a year-over-year growth of 20%. This was driven by an 18% year-over-year increase in total gross bookings, which reached $44.20 billion. Uber has also demonstrated continued profitability with its 14th consecutive EBITDA profitable quarter and its sixth consecutive GAAP operating profit, indicating robust cost management and improved operating leverage.
Despite some challenges such as the softness in mobility margins due to growth investments and foreign exchange headwinds affecting first-quarter 2025 projections, Uber remains on track with its long-term growth targets. The company’s management is effectively maintaining guidance for gross bookings and adjusted EBITDA compounded annual growth rates. While autonomous vehicles present both a risk and an opportunity, the potential benefits for Uber are significant. These factors collectively support the Buy recommendation for Uber’s stock, reflecting confidence in its strategic direction and financial health.
In another report released today, MoffettNathanson also maintained a Buy rating on the stock with a $109.00 price target.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is neutral on the stock.
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