Nucor earnings beat by $0.08, revenue fell short of estimates
Thursday saw Susquehanna maintain a Positive rating on Uber Inc. (NYSE: UBER) shares and increase the price target from $85.00 to $100.00, with analysts’ high target reaching $115. The adjustment follows Uber’s recent financial disclosures and management commentary, which have provided a clear view of the company’s performance and future expectations. InvestingPro data shows the company maintains a "GREAT" financial health score, with 3 analysts recently revising earnings estimates upward.
Analysts at Susquehanna have kept their 2025 revenue forecast for Uber largely unchanged. However, they have revised their projections for the company’s EBITDA and EPS, with an increase of 2% for EBITDA and a more notable 11% for EPS. This revision reflects a more optimistic outlook on the company’s profitability, supported by its current EBITDA of $3.54 billion and impressive revenue growth of 18% year-over-year.
The firm also left the 2026 revenue estimate for Uber mostly intact but raised the EBITDA by 2% and EPS by 5%. These adjustments indicate a sustained confidence in Uber’s growth trajectory and its ability to enhance earnings over the next few years.
The decision to raise the price target to $100 is based on a sum-of-the-parts (SOTP) valuation method. This approach considers the value of each of Uber’s individual business segments to arrive at a comprehensive valuation, suggesting that Susquehanna sees a greater combined value in Uber’s various operations. According to InvestingPro analysis, Uber trades at a P/E ratio of 15.16, with the stock currently showing signs of being slightly overvalued based on their proprietary Fair Value model. Investors seeking deeper insights can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In their commentary, Susquehanna analysts highlighted the factors influencing their positive outlook and adjustments to Uber’s financial metrics. "Based on the results, guide, and management’s commentary, we are leaving our 2025 revenue estimate broadly unchanged, but raising EBITDA by 2% and EPS by 11%. We are leaving our 2026 revenue estimate broadly unchanged, but raising EBITDA by 2% and EPS by 5%. We are raising our price target to $100 (from $85) based on our SOTP," said the analyst from Susquehanna.
In other recent news, Uber Technologies Inc . (NYSE:UBER) reported a first-quarter financial performance with gross bookings of $32.8 billion, marking a year-over-year increase of 13.7%. The adjusted EBITDA reached $1.9 billion, slightly exceeding initial expectations. Uber anticipates further growth in the next quarter, with projected gross bookings expected to rise between 14.5% and 18.3% year-over-year. Wedbush Securities downgraded Uber’s stock rating from "Outperform" to "Neutral" but raised its price target to $85, reflecting mixed results and forward-looking guidance.
Barclays (LON:BARC) increased its price target for Uber to $97, maintaining an Overweight rating, highlighting Uber’s strategic moves in the autonomous vehicle space. KeyBanc also raised its price target to $90, citing optimism in Uber’s collaboration with Waymo in Austin, Texas. Goldman Sachs lifted its price target to $110, sustaining a Conviction Buy rating, and noted Uber’s strong top-line trends and expanded autonomous vehicle partnerships.
Jefferies increased Uber’s price target to $100, maintaining a Buy rating, and emphasized Uber’s strategic expansion in autonomous vehicle partnerships globally. These developments reflect a broad consensus among analysts about Uber’s growth prospects and strategic initiatives in the evolving transportation and delivery markets.
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