Mizuho analyst James Lee is "constructive" on Uber Technologies into the quarter despite "elevated expectations." Airport and airline data in the U.S. and Europe continue to point to improvements in Q4 and Q1, a positive indicator for ridesharing volume and margins, the analyst tells investors in a research note. With easier comps into Q1 from omicron last year, the share setup is positive against expectations, contends Mizuho. The firm keeps a Buy rating on the shares with a $46 price target. It believes Uber shares are attractively valued, and says signs of acceleration beating EBITDA targets could be a positive catalyst.
Published first on TheFly
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