Uber Likely To Report Q3 Profit; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Uber Technologies, Inc. UBER is projected to release financial results for its third quarter, before the opening bell on Nov. 7, 2023.

Analysts expect the company to post quarterly earnings at 12 cents per share, compared to a year-ago loss of 61 cents per share. The company’s revenue might come in at $9.52 billion, compared to $8.12 billion in the year-ago period.

Uber recently entered into a settlement agreement with the New York State Department of Labor to help assure that eligible drivers and couriers can get unemployment benefits.

Uber shares gained 0.8% to close at $48.14 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Seaport Global analyst Aaron Kessler initiated coverage on the stock with a Buy rating and a price target of $51 on Oct. 24, 2023. This analyst has an accuracy rate of 73%.
• JP Morgan analyst Doug Anmuth maintained an Overweight rating and increased the price target from $55 to $56 on Aug. 2, 2023. This analyst has an accuracy rate of 83%.
• Truist Securities analyst Youssef Squali maintained a Buy rating and cut the price target from $63 to $60 on Aug. 2, 2023. This analyst has an accuracy rate of 80%.
• Mizuho analyst James Lee maintained a Buy rating and increased the price target from $60 to $63 on Aug. 2, 2023. This analyst has an accuracy rate of 74%.
• Goldman Sachs analyst Eric Sheridan maintained a Buy rating and increased the price target from $48 to $57 on Aug. 2, 2023. This analyst has an accuracy rate of 78%.

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