On Wednesday, Cantor Fitzgerald reaffirmed its positive stance on Uber Technologies Inc . (NYSE:UBER), maintaining an Overweight rating and a price target of $80.00. The endorsement came with the anticipation that the company’s first-quarter bookings and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) would likely reach the upper end of its previously issued guidance. With a market capitalization of $154.79 billion and trailing twelve-month EBITDA of $3.536 billion, Uber has demonstrated strong operational performance. According to InvestingPro data, the company is set to report its next earnings on April 30, 2025.
Looking ahead to the second quarter of 2025, Cantor Fitzgerald’s analysis suggests a year-over-year bookings growth of approximately 15%, excluding foreign exchange impacts. This is a slight deceleration from the 19% year-over-year growth rate, excluding foreign exchange impacts, reported in the first quarter of 2025. The firm also forecasts an EBITDA of $1.98 billion for the second quarter, a figure they believe Uber is capable of achieving despite potential macroeconomic headwinds. This outlook aligns with the company’s recent performance, as InvestingPro data shows Uber achieved impressive revenue growth of 17.96% in the last twelve months.
While it remains uncertain whether Uber will provide comments on full-year trends, the firm anticipates that the rideshare company will maintain a cautiously optimistic tone regarding its mid-term guidance. Adjustments have been made to Cantor Fitzgerald’s estimates for the second half of 2025 and the full fiscal year of 2026 to account for a potential slowdown in macroeconomic conditions.
Uber’s current stock valuation, with a P/E ratio of 15.71 and trading at high EBITDA multiples according to InvestingPro analysis, appears fairly valued relative to its Fair Value estimate. The firm cites Uber’s secular growth prospects and its acyclical nature as reasons for the stock to potentially act as a safe haven in a deteriorating macroeconomic environment. InvestingPro subscribers have access to detailed valuation metrics and 8 additional ProTips that provide deeper insights into Uber’s financial health and growth potential through comprehensive Pro Research Reports.
In other recent news, Uber Technologies Inc. has been the focus of several analyst assessments and strategic developments. KeyBanc Capital Markets adjusted its price target for Uber to $80, down from $85, while maintaining an Overweight rating. This decision was influenced by a decrease in user engagement for Uber’s ride-sharing and food delivery services. Meanwhile, BofA Securities maintained a Buy rating with a $95 price target, noting the significant integration of Waymo autonomous vehicles into Uber’s platform in Austin, which has shown promising adoption rates. TD Cowen also revised its price target slightly to $88 from $90, citing anticipated macroeconomic challenges but projecting strong first-quarter results for 2025, with a 14.2% increase in gross bookings. Evercore ISI reiterated an Outperform rating with a $115 target, highlighting Uber’s strategic partnerships in the autonomous vehicle sector as a potential growth driver. Additionally, Uber Eats has partnered with Coco Robotics to launch robotic delivery services in Miami, expanding the use of emission-free delivery robots in the city.
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