Analysis

Wells Fargo Raises Price Target on Billion-Dollar Company, Forecasts Firm’s Stock Will Soar by 52%: Report

Published

7 months ago

May 10, 2025

Wells Fargo contributes to his prospects on Uber (Uber) and is claimed to foretell an explosive share worth for the $ 173 billion ride-hailing firm.

In a brand new be aware for purchasers, Wells Fargo’s Ken Gawrelski and different analysts salary Uber’s worth goal to $ 100 from $ 90 and repeat an obese ranking, Barron’s reviews.

The analysts additionally say that the inventory worth of Uber rises to $ 126, a rise of greater than 52% in comparison with the $ 82.81 of the share on Friday, as a result of competitors will in all probability stimulate the corporate’s effectivity.

“We imagine that the shares will in all probability carry out higher, as a result of wholesome basic tendencies revise upward estimate of estimate.”

The replace comes after the reported earnings from Uber for the estimates of the primary quarter defeated with the estimates of analysts with a revenue per share of $ 0.83, which rises above the consensus prediction of $ 0.51. The corporate additionally printed $ 11.5 billion in earnings in Q1, a development of 14% on an annual foundation.

Within the first quarter of the 12 months, nevertheless, the corporate didn’t discover the anticipated turnover of $ 11.6 billion.

A spotlight reported that customers booked greater than three billion ‘journeys’, 18% of the primary quarter of 2024.

The Wells Fargo group notes that top-line tendencies stay robust for each Uber’s mobility and supply segments. Additionally they say that Uber’s use of autonomous automobiles ought to appeal to extra traders’ pursuits within the brief time period.

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