Uber stock is on pace for its best day ever.
. The stock is on pace for its best day ever since debuting in May.
In its fourth quarter 2019 earnings call Thursday, CEO Dara Khosrowshahi told analysts the company would move its EBITDA profitability target to Q4 2020, sooner than hisaccelerating revenue growth on an annualized basis of 37% up from 30% in the previous quarter. The company beat the Refinitiv consensus estimate of $4.06 billion in quarterly revenue, reporting $4.07 billion.
In notes Friday morning, analysts highlighted the new EBITDA profitability target, with many putting a buy or outperform rating on the stock. Analysts at MKM Partners, who upgraded the stock to a buy rating and moved their price target from $34 to $45, wrote that incremental margins on rides revenue have contributed to the accelerated profitability target.
Raymond James analysts said they "see the narrative changing" on the heels of the new profitability target combined with positive long-term margin targets for Uber's ride-sharing and food delivery businesses.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Uber CEO: Coronavirus outbreak 'not material in any way' to our overall portfolio of businesses'We're not seeing a significant effect on the business overall,' said Uber's Dara Khosrowshahi.
Baca lebih lajut »
Arizona CEO fired after yelling racial slurs at Uber driver in videoAn Arizona CEO was fired after yelling racial slurs at an Uber driver in a video.
Baca lebih lajut »
Arizona CEO fired after yelling racial slurs at Uber driver in videoAn Arizona-based fertilizer company has fired its CEO after video surfaced of him berating a black Uber driver and calling him the N-word. Agroplasma CEO and President Hans Berglund was ousted from the company he founded amid accusations of racism and verbal assault, the company said Wednesday. The
Baca lebih lajut »
Arizona CEO seen on video hurling racist slur at Uber driver is 'relieved of his duties'CEI of an Arizona company was 'relieved of his duties' after video surfaced showing him hurling a racial slur at a black Uber driver.
Baca lebih lajut »
Uber CEO looks to put 50 cents of every dollar of revenue growth into achieving profitabilityUber CEO Dara Khosrowshahi said the company plans to put a majority of its revenue growth this year into the bottom line.
Baca lebih lajut »
Uber surprised investors with a key profitability goal, and the stock is risingCEO Dara Khosrowshahi told analysts the company would move up its EBITDA profitability target to Q4 2020.
Baca lebih lajut »