Uber jumps 9% after Morgan Stanley pitches bull thesis

  • Uber (UBER +8.6%) rallies after Morgan Stanley lays out three reasons for investors to be bullish on the stock.
  • Analyst Brian Nowak says Uber will be EBITDA breakeven in 2021 as he and the team set estimates ahead of consensus.
  • Looking at the vaccine recovery period, Nowak thinks Uber 's core customers have a very healthy balance sheet and appear able to spend on a recovery.
  • He also predicts disclosures on Uber Eats will help the market price the business better.
  • MS keeps an Overweight rating on Uber and price target of $68.00.

    Fundamentals Uber

    Over the current book year the total revenue will be 12.36 billion USD (consensus estimates). This is rather significant lower than 2019's revenue of 14.15 billion USD.

    Historical revenues and results Uber plus estimates 2020

    financiële analyse Uber

    The analysts expect for 2020 a net loss of 6.71 billion USD. According to most of the analysts the company will have a loss per share for this book year of 3.87 USD. The price/earnings-ratio therefore equals -13.63.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the support companies equals a low 0.22 percent.

    Based on the current number of outstanding shares Uber 's market capitalization 88.77 billion USD. The Uber stock was the past 12 months quite unstable. Since last February the stock is even 40 percent higher. This year the stock price moved between 14 and 60 dollar.

    Price data Uber 2007-2020

    stock analysis uber

    Click here for dividend Uber. At 18.45 the stock trades 6.8 percent higher at 52.76 USD.

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