In a report released today, Nashrullah Putra Sulaeman from 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 that highlight Uber Technologies’ strong market position and financial performance. Uber’s adjusted EBITDA of USD1.9 billion exceeded expectations by 5%, driven by robust mobility growth and cost improvements. The company’s revenue increased by 17% year-over-year, aligning with forecasts, and was propelled by growth in mobility and delivery segments.
Uber maintains a dominant market share of over 70% in the US and Canada, significantly outperforming its closest competitor, Lyft. The company’s diversified business model, which includes Mobility, Delivery, and Freight, positions it well against regional players. Uber’s ability to leverage synergies between its segments enhances driver engagement and customer loyalty. Furthermore, Uber’s projected EBITDA growth and margin expansion, alongside promising guidance for 2Q25, underscore its potential for sustained profitability. Despite some risks, such as regulatory challenges and inflationary pressures, Uber’s strategic advantages and financial outlook support the Buy rating.
In another report released on May 16, Bernstein also maintained a Buy rating on the stock with a $95.00 price target.