What Analysts Think of Uber Stock Ahead of Earnings | Global News Avenue

Uber Technology (Superior) It is planned to report the revenue in the fourth quarter before the bell of the bell on Wednesday. It is expected that the revenue will increase year -on -year, but the profit will decline.

Analysts looked bullish on the stock giant’s stock. All 25 analysts tracked it through visible Alpha and rated it as “buy”. The average price target of the stock is $ 90.50, 35 % higher than the closing price on Friday.

According to the estimate of Visible Alpha, Uber is expected to report about 18 % of revenue to $ 11.76 billion. However, the company’s net income is expected to decrease by 27 % to 1.04 billion US dollars, because the profit of 2023 in the second quarter includes a restructuring of its stock investment, and its net income is US $ 1 billion.

Analysts say that the problem of autonomous vehicles prevented stocks from 2024

A Bank of America analysts said this week that they believed that the concerns of autonomous cars that harmed Uber’s stocks last year were “over -excessive.” They pointed out that the stock ended 2 % in 2024, but said that this year may “better understand the lengthy timetable” and use the launch of the autonomous vehicle (AV) and the public adoption, which can provide Uber with the opportunity And risk.

Uber and Competitors lyft (Lyft)and Number of AV and technology companiesJust like Alphabet (Googl. Waymo and Nvidia (NVDA), Cooperate with AV sports. Ride -car sharing company also faces competition from Tesla (TSLA),, Say it is watching Bring it on the road Some markets This year.

In January, Uber’s shares increased by about 11 %, but in the past 12 months, it was basically the same.