Uber (UBER) Stock: $62 Price Target And Buy Rating

By Amit Chowdhry ● May 8, 2022
  • 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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