Uber Price Target Raised on Expected EBITDA Growth

Jefferies raised its price target on Uber Inc. (NYSE:UBER) to $49.00 from $47.00 while reiterating their Buy rating, noting that the company’s above-consensus EBITDA is expected to rise with faster growth in higher-margin businesses (Mobility & Advertising). The analysts predict approximately $5.6 billion in 2024 EBITDA and a 7% upside to the Street estimate, with … Continue reading Uber Price Target Raised on Expected EBITDA Growth