As Uber earnings approach, this analyst just turned bullish on the stock

As Uber Technologies Inc. prepares to report earnings next week, KeyBanc Capital Markets analyst Justin Patterson is taking a rosier view of its stock.

“Uber is positioned to benefit from the sector growth of retail media with its emerging advertising business, which is margin accretive,” Patterson wrote. The advertising business also affords Uber more options for its ride business, in his view, serving as a cushion that allows the company to keep ride-hailing prices lower in a benefit to volumes.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Uber upgraded at KeyBanc ahead of earningsUber upgraded at KeyBanc ahead of earnings
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Uber and Lyft to pay $328M to settle accusations of 'stealing earnings' from NY driversUber and Lyft will pay $328 million to settle accusations from New York’s attorney general that the ride-sharing giants were “stealing earnings” from thousands of Big Apple driver…
Источник: nypost - 🏆 91. / 67 Прочитайте больше »