KeyBanc analyst Justin Patterson upgraded Uber to Overweight from Sector Weight with a $60 price target ahead of the company’s earnings report on November 7. The analyst believes expense discipline at Uber should continue driving an EBITDA and free caash flow inflection, while advertising “provides a lever to keep prices low to drive volumes.” The firm is more comfortable projecting a mid-teens growth profile with a path to $7.7B in EBITDA by 2025, making the stock’s valuation “undemanding.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on UBER: