BofA Securities analyst Justin Post maintains $Uber Technologies (UBER.US)$ with a buy rating, and sets the target price at $96.
According to TipRanks data, the analyst has a success rate of 67.0% and a total average return of 22.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Uber Technologies (UBER.US)$'s main analysts recently are as follows:
The expectation for Uber's upcoming report indicates stable volume trends similar to those suggested by Lyft's Q3 outcomes. Additionally, with the expansion into New Verticals, there's potential for substantial growth in Mobility. Meanwhile, aggregated credit and debit card data suggest a slight acceleration in Online delivery growth as of September. Projections for the third quarter encompass bookings, revenue, and EBITDA that modestly surpass the consensus forecasts.
The preference within the U.S. Internet sector leans towards companies that cater to high-income consumers or those tied to markets on the cusp of a turnaround. Notably, a certain ridesharing and food delivery giant, alongside an online food ordering platform, are favored for their appeal to affluent users. Additionally, businesses involved in online automotive auctions, car shopping websites, and digital real estate marketplaces are seen as having potential due to nearing market inflections. Among these, a leading digital real estate platform is highlighted as the top choice overall, with the ridesharing heavyweight standing out as the preferred large-cap option.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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