KeyBanc has revised its price target for Uber Technologies, Inc. (UBER, Financial) from $85 to $80, while maintaining an Overweight rating on the stock. This adjustment comes in the wake of the firm's recent Mobility & Delivery Survey, which highlighted several trends influencing the ride-sharing and delivery sectors.
The survey revealed that ride-sharing continues to see stable adoption rates. However, it also indicated emerging consumer price sensitivity and the increasing appeal of autonomous vehicles, which could pose future challenges to traditional ride-sharing models.
According to KeyBanc, the delivery segment appears less affected by these issues compared to ride-sharing. This suggests a more resilient outlook for Uber's delivery operations, even as the company navigates evolving consumer preferences and technological advancements in the mobility sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 40 analysts, the average target price for Uber Technologies Inc (UBER, Financial) is $89.08 with a high estimate of $115.00 and a low estimate of $68.00. The average target implies an upside of 21.86% from the current price of $73.10. More detailed estimate data can be found on the Uber Technologies Inc (UBER) Forecast page.
Based on the consensus recommendation from 54 brokerage firms, Uber Technologies Inc's (UBER, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Uber Technologies Inc (UBER, Financial) in one year is $72.48, suggesting a downside of 0.85% from the current price of $73.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Uber Technologies Inc (UBER) Summary page.
