Uber Technologies Inc. (UBER, Financial) is set to confront legal challenges as the Federal Trade Commission (FTC) initiates a lawsuit against the company. The legal action focuses on the ride-hailing giant's subscription process.
A representative from Uber expressed dissatisfaction with the FTC's decision to proceed with legal measures. Despite their disappointment, Uber maintains a confident stance, believing that the judicial system will ultimately validate the clarity of its subscription procedures.
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 $88.93 with a high estimate of $115.00 and a low estimate of $68.00. The average target implies an upside of 23.89% from the current price of $71.79. More detailed estimate data can be found on the Uber Technologies Inc (UBER) Forecast page.
Based on the consensus recommendation from 53 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 $72.38, suggesting a upside of 0.83% from the current price of $71.785. 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.
