Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - Cantor Fitzgerald has reiterated an Overweight rating and $106.00 price target on Uber Inc. (NYSE:UBER), currently valued at $187.6 billion, following the company’s second-quarter results that exceeded Wall Street expectations. According to InvestingPro data, the stock has delivered an impressive 47.91% return year-to-date.
Uber delivered better-than-anticipated results in both gross bookings and EBITDA, which reached $5.23 billion for the last twelve months. While mobility growth decelerated by 2 percentage points to 18% on a foreign-exchange-neutral basis, the delivery segment showed acceleration during the same period, contributing to the company’s overall revenue growth of 18.15%.
Looking forward, Uber provided third-quarter gross bookings guidance of 16-20% year-over-year growth on a foreign-exchange-neutral basis, proforma for mergers and acquisitions, suggesting stable growth at the midpoint of the range.
The company reported strong membership growth, which is driving increased frequency across both mobility and delivery segments. Uber also highlighted progress with autonomous vehicle partners, including Waymo in Austin and Atlanta, while reinforcing its commitment to a platform strategy in this area.
Cantor Fitzgerald increased its fiscal year 2026 estimates for Uber, raising bookings projections by 3% and EBITDA estimates by 1%, noting that product initiatives and favorable pricing trends should help sustain rides growth in the second half of the year.
In other recent news, Uber Inc. reported strong second-quarter results, prompting several analysts to adjust their price targets for the company. TD Cowen increased its price target to $108, citing record user numbers and increased trip frequency. Truist Securities raised its target to $96, highlighting stronger-than-expected results and positive guidance for the third quarter of 2025. Bernstein reiterated its Outperform rating with a $110 target, noting a healthy performance, especially in the Delivery segment. Susquehanna also raised its target to $105, emphasizing that most key performance indicators exceeded expectations. UBS set a new target of $117, pointing to robust growth in both mobility and delivery segments. The firm attributed a topline growth miss to Uber passing lower insurance cost benefits to consumers. These developments reflect a positive outlook for Uber’s financial health and operational performance.
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