Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - Truist Securities raised its price target on Uber Inc. (NYSE:UBER) to $96.00 from $92.00 on Thursday, while maintaining a Buy rating on the stock. The new target sits well below the Street’s high target of $150, with the stock currently trading near $90 after an impressive 47.91% gain year-to-date.
The price target increase follows Uber’s stronger-than-expected second-quarter results and third-quarter 2025 guidance, which Truist says reflect healthy demand across both Mobility and Delivery segments. According to InvestingPro data, Uber’s revenue grew 18.15% in the last twelve months, with the company maintaining a healthy gross profit margin of 33.93%.
Truist noted that Uber is executing well against its three-year guidance for Gross Bookings compound annual growth rate (CAGR) of mid-to-high teens and Adjusted EBITDA CAGR of high 30% to 40% for fiscal years 2024-2026.
The outperformance was driven by further acceleration in Delivery Gross Bookings, while the Mobility segment maintained solid trends with trips growth accelerating in July, according to Truist.
Truist also highlighted Uber’s progress in autonomous vehicles (AVs) through a growing number of partnerships, now at 20, positioning Uber as "the distribution and logistics partner of choice for AV tech platforms." The company’s strong market position and moderate debt levels suggest it’s well-positioned to continue investing in future technologies.
In other recent news, Uber Inc. reported strong second-quarter results, particularly in its Delivery segment, which prompted Bernstein to reiterate its Outperform rating with a $110 price target. The company’s overall performance exceeded expectations, leading Susquehanna to raise its price target to $105, while maintaining a Positive rating. UBS also increased its price target to $117, highlighting robust growth indicators in both mobility and delivery segments, with steady trip growth observed.
BMO Capital raised its price target to $113, driven by Uber’s financial performance, including a 0.5% beat on Gross Bookings and a 2% beat on Adjusted EBITDA. The firm noted strong delivery growth, which helped offset lower performance in other segments. Meanwhile, Wells Fargo (NYSE:WFC) trimmed its price target slightly to $119, maintaining an Overweight rating. The firm highlighted early success in Uber’s partnership with Waymo in Austin, indicating potential for expansion. These developments reflect a positive outlook from several analyst firms on Uber’s recent performance and growth strategies.
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