Uber Technologies is rated a strong buy with a price target of $118.16, implying over 50% upside based on discounted cash flow analysis. The company showed strong operational momentum in Q2, with gross bookings up 22% year-over-year, free cash flow exceeding $10 billion trailing twelve months, and operating margins improving by about 300 basis points to 15.1%. Strategic investments in autonomous vehicles and the acquisition of Delivery Hero are expected to create synergies and expand Uber's market leadership. Risks include challenges in AV partnerships and high AI spending, but disciplined capital management and global scale support a positive outlook.
Uber reported robust Q2 results, with Gross Bookings rising 24% year-over-year and free cash flow exceeding $10 billion over the trailing twelve months. The company has shown resilience against geopolitical and oil price shocks, countering concerns a...
Bank of America lowered Uber's price target to $101 from $103 but maintained a 'Buy' rating after Uber reported better-than-expected Q2 results, including $58 billion in gross bookings and $2.82 billion in EBITDA. The company showed growth in deliver...
