Shares of Uber Technologies Inc (NYSE:UBER) rose on Wednesday after the company reported its fourth-quarter results.
Here are the key analyst insights:
- Citizens JMP Securities analyst Andrew Boone upgraded the rating from Market Perform to Market Outperform, while establishing a price target of $100.
- Wedbush analyst Scott Devitt maintained a Neutral rating, while cutting the price target from $78 to $75.
Check out other analyst stock ratings.
Citizens JMP Securities: Uber Technologies reported gross bookings of $54.1 billion, up 22% year-on-year and around 2% above consensus, Boone said in the upgrade note. Although the first-quarter bookings guidance of $52 billion-$53.5 billion was ahead of the consensus of $51.4 billion, the EBITDA guidance of $2.37-$2.47 billion bracketed consensus, as the company “appears to be making …