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Uber Stock Is a Favorite of Wall Street Ahead of Earnings

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Shares of the ride-hailing company are on a big run this year.

Wall Street has been feeling upbeat about Uber Technologies ahead of the ride-hailing company’s third-quarter earnings report next week.

KeyBanc praised the company’s position as a category leader, and pointed to several revenue opportunities. Oppenheimer analysts led by Jason Helfstein, who maintained their Outperform rating and $65 price target, also found a lot to like in a research note this week. They see an “attractive entry point” amid a recent stock decline and ahead of a potential inclusion in the S&P 500 should Uber achieve trailing-12-months GAAP profitability, and noted consumer tailwinds.

 

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