- The shares of Uber Inc. (NYSE: UBER) have received a $62 price target from Truist Securities. These are the details.
The shares of Uber Inc. (NYSE: UBER) have received a $62 price target from Truist Securities. And Truist Securities analyst Youssef Squali is maintaining a “Buy” rating on the shares.
Squali adjusted the rating following the company’s first-quarter results. For the quarter, Uber reported a Q1 EPS of ($3.04), compared to ($0.06) reported last year. And the revenue for the quarter was $6.85 billion compared to the consensus estimate of $6.13 billion.
For the second quarter, Uber anticipates:
– Gross Bookings of $28.5 billion to $29.5 billion
– Adjusted EBITDA of $240 million to $270 million
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