Uber Price Target Raised on Expected EBITDA Growth
<p>Jefferies raised its price target on <a href='https://financialmodelingprep.com/financial-summary/UBER'>Uber Inc. (NYSE:UBER)</a> to $49.00 from $47.00 while reiterating their Buy rating, noting that the company’s above-consensus EBITDA is expected to rise with faster growth in higher-margin businesses (Mobility & Advertising).</p>
<p>The analysts predict approximately $5.6 billion in 2024 EBITDA and a 7% upside to the Street estimate, with a long runway for margin expansion. EBITDA growth is estimated to be around 45% vs. 15% in 2022-2027 CAGR. </p>
<p>According to the analysts, the strong EBITDA should boost confidence in long-term economics and drive Uber's multiple higher, leading to higher share prices.</p>

NYSE:UBER