Analyst Nashrullah Putra Sulaeman of DBS maintained a Buy rating on Uber Technologies (UBER – Research Report), with a price target of $95.00.
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Nashrullah Putra Sulaeman has given his Buy rating due to a combination of factors including Uber’s strong market position and diversified business model. Uber holds a significant market share in the mobility sector, particularly in the US and Canada, where it surpasses its main competitor, Lyft. This dominance is supported by Uber’s operations in numerous countries and cities globally, which provides a scale advantage.
Additionally, Uber’s revenue growth and margin expansion are expected to drive EBITDA growth, with projections showing a substantial increase in EBITDA margins across its segments. The company’s delivery and freight services also contribute to its diversified offerings, enhancing its overall business resilience. Despite some concerns over competition and regulatory challenges, Uber’s financial outlook remains positive, leading to an increased target price and a Buy recommendation.
According to TipRanks, Putra Sulaeman is a 4-star analyst with an average return of 23.2% and a 94.12% success rate.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $90.00 price target.