GLONGHUI, Feb. 18 | Citi published a report stating that they are increasingly optimistic about Uber. The company's management expects the three-year average compound annual growth rate from 2024 to 2026 to be ten digits high, and the compound annual growth rate of EBITDA is as high as 30% to 40%, all exceeding the forecast. The company also announced a $7 billion repurchase plan. The bank believes that the overall visibility of Uber's core ride-hailing (mobility) and platform business has increased, and believes that its new models and products are large enough to drive the company's continued growth and improve gross profit. Although the company has 150 million monthly active platform consumers (MAPCs), the penetration rate of customers aged 18 and over is still relatively low in most markets, so it is expected that new users may continue to grow, driven by new products such as Uber One and Reserve. Furthermore, Uber remains one of the bank's top choices in the online sector, reaffirming its “buy” rating, and the target price was raised from $83 to $91.