Wedbush Securities has revised its price target for Uber Technologies (UBER, Financial), decreasing it from $86 to $80 while maintaining an Outperform rating on the stock. This adjustment is part of a broader first-quarter outlook for the internet sector, highlighting the ongoing economic uncertainties impacting the market.
Several factors contribute to this cautious stance, including persistent macroeconomic challenges, potential tariff implications, and diminishing consumer confidence both domestically and internationally. These elements have introduced considerable unpredictability, prompting the firm to lower its forecasts for 2025 and adjust price targets accordingly.
Wedbush noted the importance of upcoming discussions with company management teams to obtain clearer insights into current economic conditions and potential demand fluctuations. As the firm awaits more detailed guidance, it acknowledges the current lack of clarity, describing the situation as navigating through a "dense fog" of economic ambiguity.
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.
