"Uber is up 6.31% over the past week and 9.7% over the past month, though still down 7.76% over the past year and 3.11% YTD. Shares trade 2% below the 52-week high of $101.99, having bounced off the $68.46 low. Q1 EPS came in at $0.72 versus $0.71 expected, with revenue of $13.20 billion narrowly missing estimates. The standout was Q2 guidance: Non-GAAP EPS of $0.78 to $0.82, growth of 31% to 38% YoY, and Adjusted EBITDA of $2.7 to $2.8 billion."
"Delivery revenue grew 34% YoY, and Uber One hit 50 million members, driving half of Gross Bookings. Operating income surged 56.6% YoY to $1.92 billion, free cash flow hit $2.286 billion, and Uber repurchased $3.011 billion of stock in the quarter alone. CEO Dara Khosrowshahi framed the platform thesis directly: "Reaching 50 million Uber One members is an exciting milestone as we execute against our platform strategy, with members now driving half of our Gross Bookings across Mobility and Delivery.""
"Our 24/7 Wall St. price target for Uber is $124.33, implying 57.04% upside over the next 12 months. We rate Uber a buy with 90% confidence, the high end of our framework. Wall Street is aligned: 10 Strong Buy and 36 Buy ratings against just 1 Sell, with a consensus target of $104. Our bull-case path projects $138.87 by May 2027, a 75% return, if AV monetization accelerates and Uber One compounds."
Uber reported gross bookings of $53.72 billion, up 25% year over year, and delivered Q2 guidance above consensus. Q1 EPS was $0.72 versus $0.71 expected, while revenue was $13.20 billion. Q2 non-GAAP EPS guidance was $0.78 to $0.82, implying 31% to 38% year over year growth, and adjusted EBITDA was $2.7 to $2.8 billion. Delivery revenue grew 34% year over year, and Uber One reached 50 million members, contributing half of gross bookings across Mobility and Delivery. Operating income rose 56.6% year over year to $1.92 billion, free cash flow reached $2.286 billion, and $3.011 billion of stock was repurchased in the quarter.
Read at 24/7 Wall St.
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