Stifel Nicolaus analyst Scott Devitt maintained a Buy rating on Uber Technologies (NYSE:UBER) on Monday, setting a price target of $38, which is approximately 23.86% above the present share price of $30.68.
Devitt expects Uber Technologies to post earnings per share (EPS) of -$1.70 for the third quarter of 2020.
The current consensus among 29 TipRanks analysts is for a Strong Buy rating of shares in Uber Technologies, with an average price target of $42.15.
The analysts price targets range from a high of $52 to a low of $35.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $3.54 billion and a net profit of -$1.26 billion. The company's market cap is $53.2 billion.
According to TipRanks.com, Stifel Nicolaus analyst Scott Devitt is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.6% and a 71.13% success rate.
Uber Technologies, Inc. operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. It operates through following segments: Core Platform and Other Bets. Core Platform primarily includes the ridesharing and Uber Eats products; while Other Bets primarily includes the Company's Freight and New Mobility products. The company was founded by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp in 2009 and is headquartered in San Francisco, CA.