Is Uber Technologies Stock a Buy Now?
Uber Technologies' (NYSE: UBER) stock dropped 6% on Aug. 1 after the mobility and delivery services provider posted a mixed second-quarter report. Its revenue rose 14% year over year to $9.2 billion, which missed analysts' estimates by $140 million, while its gross bookings grew 16% (18% in constant currency terms) to $33.6 billion.
On the bottom line, Uber posted a net profit of $394 million, compared to its net loss of $2.6 billion a year ago. Its earnings of $0.18 per share cleared the consensus forecast by $0.19 per share and marked its first profitable quarter on a generally accepted accounting principles (GAAP) basis. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also surged 152% to $916 million.
Image source: Uber.
Source Fool.com
Uber Technologies Inc Stock
The stock is an absolute favorite of our community with 83 Buy predictions and no Sell predictions.
With a target price of 80 € there is a slightly positive potential of 17.92% for Uber Technologies Inc compared to the current price of 67.84 €.
