-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We raise our target by $8 to $108, based on 24x our 2027 EPS estimate, below UBER's three-year average of ~30x given regulatory risks and AV competition. We raise our 2026 EPS by $0.10 to $3.41 and 2027's by $0.31 to $4.49. Q1 results came in near expectations, an encouraging result given Q4's EPS underperformance. We like the record segment margins for both Delivery (3.7%) and Mobility (7.7%) along with continued 20%+ gross bookings results for both groups, with Uber One memberships (+50% to 50M) now contributing roughly half of total company bookings and likely to keep growing, supporting sustained momentum. We are also encouraged by management's continued commitment to a capital-light AV strategy and intention to loop in more third-party financing partners over time (highlighted by yesterday's EUR1 billion agreement with Santander in Europe), which we think provides compelling upside (higher margins and uptime) with limited risk. Uber's AV Mobility trips rose by more than 10x Y/Y, which we find impressive.