UBAR APPLICATION FREE

I think Helstein's contrarian call is the correct one to make. Jason Helstein, an analyst over at Oppenheimer, views ad headwinds as a 'temporary' phenomenon and recommends buying the dip in the stock. Given ongoing macro uncertainties, it seems smart for management to err on the side of caution by forecasting a modest (and disappointing) Q4 revenue figure of $580 million on the low end. Undoubtedly, ad headwinds have been quite prevalent throughout the year. After another rough quarter (with a side of some ugly outlook) that sent shares tumbling by double-digit percentage points, shares are now finding themselves down 26% from 52-week highs and 37% off all-time highs. The Trade Desk is an ad-tech firm whose shares came to a plunging halt this summer. The average UBER stock price target of $61.45 implies 14.1% upside. Uber stock's a Strong Buy, according to analysts, with 29 unanimous Buy ratings assigned in the past three months. If shares are, in fact, still cheap, a buyback seems like a wise move as the company continues its evolution. Wedbush analyst Scott Devitt thinks the firm may wish to start buying back some of its own stock.

UBAR APPLICATION FREE

The company, which used to be a 'black hole' for cash, could find itself flush with free cash flow going into the new year. Looking ahead, Uber appears ready to move on to higher ground as the firm finds the optimal balance of sales growth and margin enhancement. And with the pathway to profitability and growth as clear as it's ever been, I'd argue that now's not a good time to take profits as the company proves that it can grow profitably. Indeed, Wall Street was right on the money about Uber. However, if you've been following the analyst community, you'd know how highly Wall Street has viewed the firm, even as it sunk to ominous depths just over a year ago. Uber stock may have been a somewhat tricky stock to evaluate before it clocked in its first operating profit. This makes me very bullish.Īs management continues its profitability push, the stock may still prove severely undervalued in a few years as earnings growth looks to compress the stock's price-to-earnings (P/E) multiple. The company talked the talk and is now walking the walk. Undoubtedly, management deserves a round of applause for delivering (pardon the pun) its first and second quarters of positive GAAP profits. The stock is up more than 150% since its late-July lows and is now in striking distance of its early-2021 all-time highs, just north of $64 per share.

Investors who hailed a ride on Uber stock since shares bottomed in the summer of 2022 have been richly rewarded.

Ubar application