It’s a good bet that 14 out of 20 analysts (70 percent) rate UBER as a “Strong Buy,” while six (30 percent) recommend UBER Technologies, Inc. (NYSE:UBER) as a Buy, and none (0 percent) recommend UBER as a “Hold,” “Sell,” or “Strong Sell.”
Based on a one-year price target of $47.73, 44 Wall Street analysts predicted that UBER’s stock would rise to $76.00 and fall to $26.00 by 2022.
According to Wall Street experts, it is estimated that Uber’s stock price will hit an average price of $58.05 on May 5, 2023. It is estimated that Uber’s stock price might rise by 145.25 percent based on the current market value of $23.67 per stock.
Since Covid19, Uber has been working to shift itself from the “Amazon of transportation” to a more streamlined car service and delivery service provider globally. At the same time, the company has made visible efforts to make its core services more profitable while pursuing cost-cutting strategies at the same time.
But it has not stopped the ride-hailing giant to continue to introduce innovative services. As part of the same initiative, Uber recently announced two product categories: “go anywhere” and “get anywhere.”
For the former category, it is soon launching “Uber Travel”, which allows individuals and groups to book ride trips for various elements of a trip, such as flights, restaurant reservations, hotel stays and meetings. For such personal or business trips, users will need to link their Gmail account with Uber to allow the ride company to get the expected schedule during the trip and make necessary arrangements accordingly.
Similarly, Uber is also launching “Uber Charter”, allowing customers to use services during events when a large number of people need to be moved, such as during wedding planning or work trips. Uber Vouchers will be launched for such events, allowing users to share a unique code with guests for pre-paid trip services.
A number of other initiatives are also in the pipeline. These include a new hub for EV drivers. Similarly, Users will be able to order food through Uber Eats by using Google Home smart devices. As part of “Get Anything”, Uber is also partnering with different autonomous vehicle firms to test Robot Deliveries.
All of these initiatives and products were announced recently at Uber’s second annual product event. Dara Khosrowshahi, the company’s CEO, seems committed towards using innovation to drive Uber’s profits in the near future.
Uber Stock Price Prediction Monthly 2022
According to the company, that’s Uber’s stock forecast for August 2022.
This month is projected to have an upward trend with a price target of $29.5192 as the optimum finish.
The highest and lowest price targets are $31.63 and $27.91, respectively.
Uber’s 2022 Prediction for Its Stock Price in September
With a goal of $27.1636 in mind, this month is projected to be negative.
The highest goal price is $27.96, while the lowest target price is $25.65.
Uber Stock Prediction October 2022
This month is expected to be bearish, with a downside target of $24.9674.
As a result, $25.68 is the maximum price target, and $23.26 is the minimum price target.
Uber’s Stock Price Forecast for November 2022.
It is expected to see an upswing with an excellent goal price of $25.046.
Therefore, $26.33 is the maximum price target, and $24.26 is the minimum.
Uber’s December 2022 Stock Price Forecast
An excellent price of $24.073 is predicted for this month’s downturn.
Therefore, $25.49 is the maximum price target, and $23.37 is the minimum.
Uber Stock Forecast: Revenue and Earnings Growth Forecast 2022 -2024
At a revenue growth rate of 27.51 percent, ridesharing firm Uber (NYSE: UBER) is far ahead of its sector, with a projected 9.72 percent growth rate. Instead, it grew at a pace of 19.96%.
Revenue from Uber is expected to reach $21,406,000,0000 per year by the end of 2022.
Eleven experts from the Wall Street Journal expect that Uber’s revenue in 2022 will range from $54,171,357,943,293 to $62,701,094,906,078.
Eleven Wall Street analysts anticipate Uber’s 2023 revenue to be $72,480,133,410,215. Approximately $65 billion in revenue is expected, with a maximum of $84,425,962,376,328 being projected.
According to several estimates, Uber’s projected 2024 revenue will be $87.5 billion, with a low estimate of $81.70 billion and the high estimate of $100.754 billion.
Uber will lose $6,318,000,000,000 by the year 2022. Uber’s earnings are expected to be -$3,318,585,828, with the lowest prediction at -$7,128,086,718, and the highest forecast at -$824,737,306.
Uber is expected to earn an average of $39.273,205 in 2023, according to 10 Wall Street analysts. The lowest estimate is -$1.040,739,934 and the highest is $510,551,666.
This year, Uber expects to make $1,944,023,650; the lowest estimate is $1845,840,638 and the maximum estimate is $2,061,843,266.
Uber Stock Forecast: Forecast ROA, ROE, and EPS 2022 – 2025
Compared to the anticipated US Software – Application industry average (NYSE:UBER ), ROA is 10.65 percent and is expected to have a great ROE of 39.2 percent by 2025. UBER INC. is listed. As of this writing, Uber’s earnings per stock (EPS) are a negative $3.22.
Uber’s 2023 earnings per stock are low, at -$0.53, with the highest estimates at $0.26. Conversely, EPS663e for Uber is expected to reach $0.99 in 2024 (a minimum of $0.94 and a maximum of $1.05).
Uber Stock News and Forecast: UBER CEO buys more stock
Uber CEO David Khosrowshahi has put his money where his mouth is and purchased $5.3 million worth of Uber stock this week. Insider purchases often exceed insider sales in value, which is no small sum. However, it is essential to highlight that he has a poor track record. He had previously purchased stock for $44.92, meaning he has already suffered a 50% loss.
Uber (UBER) stock continues to be stuck in depression, with bears in overall control following results earlier this week. The firm announced a significant loss that prompted CEO David Khosrowshahi to send a letter to staff to explain the results and what he believes has to be done to protect the future of the ridesharing company.
According to reliable sources, Uber intends to reduce spending on marketing and incentives by being more selective in hiring new employees. CEO David Khosrowshahi said Uber needed to become a smaller organization to deal with a “seismic shift” in investor attitudes.
A short refresher of those earnings data Uber. Earnings per stock (EPS) came in at $-3.04 vs. a $-0.24 projection. Revenue came up at $6.85 billion vs. forecasts of $6.13 billion. Due to Uber’s equity interests in Didi (DIDI), Aurora, and Grab. Uber suffered a $4 billion quarterly loss.
Uber Stock Forecast 2022: Summary
Uber’s ROE is expected to be high this year (39.2%), and analysts are bullish about the company’s ability to generate ROE efficiently.
Revenue Growth Forecast
It is predicted that UBER’s income will expand at 27.51 percent every year.
Software Sector Forecast
Software -Application sector revenues are predicted to grow by an average of 27.51 percent per year over the next five years for UBER (19.96 percent )
Revenue Growth Vs. Market Growth
UBER’s revenues are predicted to increase at a more excellent pace than the US market average (27.51 percent per year) (9.72 percent ) (9.72 percent )
Forecast Revenue Growth Vs. Industry
Compared to the US software – application sector, sales at UBER are expected to rise 27.51% annually (19.96 percent )
Forecast Revenue Growth Vs. Market
Growth in UBER’s revenues (27.51 percent each year) is expected to outpace the US market as a whole (9.72 percent )