Uber Analyst Bets New Verticals, Partnerships Will Drive Q3 Gains

Uber Technologies Inc's UBER third-quarter earnings, expected to be released on Oct. 31, are projected to exceed Street estimates slightly. Bank of America analyst Justin Post maintains a Buy rating on the stock and raised the price target to $96 from $88. The ride-hailing company should benefit from secular shifts to the sharing economy, time-saving services (i.e., delivery), and a move to more efficient marketplaces such as freight. Uber should trade at a premium to direct peers, given share leadership an ...