- The Federal Trade Commission is suing Uber over allegedly deceptive practices with its Uber One service.
- Uber's stock recently dropped by 4.5% amidst legal challenges.
- Analyst projections show potential upside for Uber stock, despite current legal issues.
Uber Technologies Inc. (NYSE: UBER) is under legal scrutiny as the Federal Trade Commission (FTC) brings forth a lawsuit accusing the company of misleading billing and cancellation practices tied to its Uber One subscription service. This legal development has resulted in a notable 4.5% decrease in UBER stock price, raising concerns among investors.
Analysts' Insight and Stock Projections
Despite the legal challenges, analysts maintain a positive outlook on Uber's stock. Based on a comprehensive review of one-year price targets from 40 financial analysts, the consensus average target for Uber Technologies Inc. sits at $88.93. Their projections range from a low of $68.00 to a high of $115.00, presenting a promising 23.67% potential upside from the current stock price of $71.91. For those interested in a more in-depth analysis, further details are available on the Uber Technologies Inc (UBER, Financial) Forecast page.
Brokerage Recommendations and GF Value Assessment
The consensus among 53 brokerage firms recommends Uber Technologies Inc. with an average rating of 1.9, which corresponds to an "Outperform" status. On the brokerage rating scale, 1 denotes a Strong Buy, while 5 suggests a Sell. This rating reflects a favorable sentiment in the market despite the ongoing legal proceedings.
Additionally, according to GuruFocus estimates, the projected GF Value for Uber Technologies Inc. one year from now is evaluated to be $72.38. This suggests a minor 0.65% upside from the current price of $71.91. The GF Value is a key metric developed by GuruFocus to assess the fair market value of a stock, taking into account historical trading multiples, past business growth, and projections for future business performance. For a more detailed overview, investors are encouraged to visit the Uber Technologies Inc (UBER, Financial) Summary page.
