Why Uber Stock Was Sliding Today
Shares of Uber Technologies (NYSE: UBER) were pulling back today after the transportation company's first-ever quarterly operating profit was overshadowed by concerns about slowing growth.
As a result, the stock was down 5.2% as of 12:18 p.m. ET.
The ride-hailing and food delivery specialist easily beat estimates in its second-quarter report as gross bookings rose 16% to $33.6 billion and revenue was up 14% to $9.23 billion, or 17% on a constant-currency basis, which missed estimates at $9.3 billion.
Source Fool.com
Uber Technologies Inc Stock
€59.22
0.530%
With 70 Buy predictions and 1 Sell predictions Uber Technologies Inc is one of the favorites of our community.
As a result the target price of 78 € shows a positive potential of 31.71% compared to the current price of 59.22 € for Uber Technologies Inc.
