Evercore analyst Mark Mahaney maintains $Uber Technologies (UBER.US)$ with a buy rating, and maintains the target price at $120.
According to TipRanks data, the analyst has a success rate of 62.3% and a total average return of 28.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Uber Technologies (UBER.US)$'s main analysts recently are as follows:
Following Uber's Q3 results, the slight shortfall in mobility and the stimulating discussion surrounding autonomous vehicles might have triggered an immediate sell-off. However, this is viewed as an opportunity, considering that the company's growth rates remain robust at over 20% and its new business segments are expanding rapidly.
The deceleration in mobility and the trajectory towards stable growth remain central topics of discussion following the quarter. Despite this, Uber maintains a solid growth narrative, yet it may require an additional report and guidance to mitigate concerns regarding its growth.
There may be growing concerns regarding a deceleration in Mobility gross bookings and a moderation in Trips growth observed in Q3, which could suggest a slowdown in the Mobility business. However, it's assessed that this trend does not have a significant impact on profitability.
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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