Susquehanna has reiterated a Positive rating on Uber Inc., keeping its price target at $110.00. The research firm pointed to a solid fourth-quarter performance and a stronger-than-expected top-line outlook, even as certain profitability metrics came in a touch below what analysts had anticipated.
According to InvestingPro data cited by the research note, analysts overall continue to favor the stock with a strong Buy recommendation and price targets that span from $72 to $150. Susquehanna emphasized that Uber produced "a solid quarter overall" for 4Q, with most key performance indicators outpacing expectations and revenue momentum that the firm found encouraging.
Uber reported revenue growth of 18.3% over the trailing twelve months, with total revenue reaching $52 billion. The company’s recent quarterly results included fourth-quarter revenue of $14.4 billion versus a forecast of $14.32 billion, signaling that its top-line scale remains a strength.
Still, Susquehanna noted a mixed forward picture because the company’s profitability guidance landed "a touch below" expectations. InvestingPro data referenced in the research also indicates that net income is expected to decline this year, although Uber is projected to remain profitable with a price-to-earnings ratio of 16.5.
The firm highlighted management commentary on continued progress with autonomous vehicles - referred to as AVs - and noted planned upcoming deployments as an area of opportunity for the company. Susquehanna cited Uber’s business model, market positioning and what it described as "large opportunities ahead" as key reasons for holding its Positive stance.
InvestingPro classifies Uber as a prominent player in the Ground Transportation industry and assigns the company an overall financial health score of "GOOD." That assessment comes even as the company’s stock price has fallen significantly over the past three months, according to the same data set.
Following Uber’s earnings release, several analyst firms adjusted their price targets. Canaccord Genuity lowered its target to $72 from $84 and kept a Hold rating, while noting strong revenue scaling of about 20%. Goldman Sachs trimmed its price target slightly to $125 from $126 and maintained a Buy rating as it updated forward operating estimates. BofA Securities reduced its target to $103 from $110, retaining a Buy rating and pointing to a potentially lower first-quarter margin outlook as a factor in market reaction.
Uber’s fourth-quarter earnings per share came in at $0.71, below the forecasted $0.80, even as revenue exceeded forecasts. These mixed results have prompted the series of target changes and continued evaluation by market participants.
Susquehanna’s maintained Positive rating rests on the balance of revenue strength, strategic positioning in core ground transportation markets, and the longer-term potential tied to AV deployments, tempered by nearer-term profitability pressures and shifting analyst target ranges.