On Nov 01, major Wall Street analysts update their ratings for $Uber Technologies (UBER.US)$, with price targets ranging from $82 to $98.
Morgan Stanley analyst Brian Nowak maintains with a buy rating, and maintains the target price at $95.
J.P. Morgan analyst Doug Anmuth maintains with a buy rating, and maintains the target price at $95.
BofA Securities analyst Justin Post maintains with a buy rating, and adjusts the target price from $96 to $93.
Barclays analyst Ross Sandler maintains with a buy rating, and maintains the target price at $86.
Wells Fargo analyst Ken Gawrelski maintains with a buy rating, and adjusts the target price from $97 to $90.
Furthermore, according to the comprehensive report, the opinions of $Uber Technologies (UBER.US)$'s main analysts recently are as follows:
The combination of a modest shortfall in mobility and a stimulating conversation on autonomous vehicles may have prompted an immediate sell-off. Nevertheless, this situation presents an 'obvious opportunity.' The company continues to exhibit robust growth rates above 20%, and its emerging business segments are expanding rapidly.
The drivers of mobility deceleration and the path to stabilized growth continue to be central discussions following the recent quarter. While Uber maintains a solid growth narrative, it is anticipated that further reports and guidance will be necessary to alleviate concerns regarding growth.
The observed deceleration in Mobility gross bookings alongside a more subdued Trips growth in the third quarter might lead to apprehensions about a potential slow-down in the Mobility sector. Despite these observations, it is not anticipated that this will have an adverse effect on profitability.
Following a modestly better-than-expected third quarter earnings report with robust underlying fundamentals, the view that Uber maintains its position as a global leader in Ridesharing and Online Delivery continues to be reinforced.
Here are the latest investment ratings and price targets for $Uber Technologies (UBER.US)$ from 20 analysts:
Note:
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