Why Uber Stock Popped on Tuesday
Uber Technologies (NYSE: UBER) took its investors on a lucrative little ride Tuesday, as its share price accelerated more than 4% higher. This came after an analyst reminded the market that the stock is a No. 1 pick of his in its category for 2023.
Early this morning, Roth MKM's Rohit Kulkarni put a little fuel injection into his Uber price target. He significantly increased it to $59 per share from the previous $46. He maintained his buy recommendation as he did so.
The foundation of this is the analyst's new profitability estimates for both full-year 2023 and 2024. Kulkarni has raised his forecasts for earnings before interest, taxes, depreciation, and amortization (EBITDA) and earnings per share (EPS) by 15% for the two years.
Source Fool.com
Uber Technologies Inc Stock
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 78 € there is a positive potential of 30.7% for Uber Technologies Inc compared to the current price of 59.68 €.
