Uber Stock Is a Favorite of Wall Street Ahead of Earnings

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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here are Wall Street’s favorite stocks into November — all expected to rise more than 20%CNBC Pro screened for stocks that are holding up well, have a consensus rating of buy and are estimated to have at least 20% upside.
Source: CNBC - 🏆 12. / 72 Read more »