Wall Street Analysts Believe Uber (UBER) Could Rally 31.3%: Here's is How to Trade

Core Viewpoint - Uber Technologies (UBER) shows potential for further upside, with a mean price target of $112.14 indicating a 31.3% upside from its current price of $85.41 [1] Price Targets - The average price target consists of 43 estimates ranging from a low of $78.00 to a high of $150.00, with a standard deviation of $12.36, indicating variability among analysts [2] - The lowest estimate suggests an 8.7% decline, while the highest indicates a 75.6% upside [2] Analyst Sentiment - Analysts exhibit strong agreement on UBER's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 0.8%, with two estimates moving higher and no negative revisions [12] Zacks Rank - UBER holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the extent of UBER's potential gains, it does provide a useful guide for price movement direction [14]