Our subscribers are now up 25% since we recommended $UBER last month at $30. As we said, Kalanick's stock sales were a major drag on the stock and that once he was done selling, $UBER would climb. We were right on the money. Our next target is $42.
In $UBER news:
Guggenheim analyst Jake Fuller sees Uber's revenue and EBITDA outlook as favorable heading into the Q4 report on February 6.
The analyst cites the relatively stable trends in the U.S. and international markets.
Fuller thinks the shift away from low take-rate markets like India could lead to take-rates of 21% and strong EBITDA in the quarter.
Guggenheim maintains a Buy rating and $40 price target. Uber has a Bullish average Sell Side rating.
As always, trade with caution and use protective stops.
Good luck to all!
In $UBER news:
Guggenheim analyst Jake Fuller sees Uber's revenue and EBITDA outlook as favorable heading into the Q4 report on February 6.
The analyst cites the relatively stable trends in the U.S. and international markets.
Fuller thinks the shift away from low take-rate markets like India could lead to take-rates of 21% and strong EBITDA in the quarter.
Guggenheim maintains a Buy rating and $40 price target. Uber has a Bullish average Sell Side rating.
As always, trade with caution and use protective stops.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
