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 about its business stability. Fears about rapid disruption from autonomous vehicles are considered exaggerated, as AV adoption remains minimal for now, and Uber is investing in this future ecosystem. Analysts maintain a Strong Buy rating, viewing Uber's valuation and growth prospects as a rare investment opportunity with potential to double in value.
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 e...
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...
