Benchmark Co. analyst Daniel Kurnos initiates coverage on $Uber Technologies (UBER.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 46.2% and a total average return of -0.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Uber Technologies (UBER.US)$'s main analysts recently are as follows:
With the upcoming report on October 31, there is anticipation for Uber's performance, particularly in light of Lyft indicating stable volume trends for Q3. Uber's expansion into new verticals is expected to contribute to robust growth in its Mobility segment. Moreover, aggregated industry data on credit and debit card transactions have shown a slight acceleration in Online delivery growth during September. Projections for Q3 bookings, revenue, and EBITDA are slightly more optimistic compared to the general market expectations.
The preference among the U.S. Internet group leans towards companies that cater to high-income consumers or those positioned in markets approaching a turning point. This sentiment favors platforms such as ones that specialize in food delivery and ride-hailing services, as well as businesses involved in online car auctions, automotive e-commerce, and real estate marketplaces. Within this group, the analyst highlights a real estate platform as the top selection overall, and a ride-hailing giant as the foremost choice among the larger companies.
Note:
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