Uber is about to go public with a market value 10 times that of DiDi

LB Select
2024.02.07 03:34
portai
I'm PortAI, I can summarize articles.

Uber will announce its Q4 earnings report before the market opens on February 7th. The stock price has increased by approximately 150% in 2023 and continued to rise by 14.4% in 2024.

Once pressed to the ground by DiDi, Uber's stock price has recently reached new highs, with a market value of up to $145 billion.

Meanwhile, DiDi's market value in the pink sheet market is only $16.7 billion, about one-tenth of Uber's.

DiDi's highest price in history was $18, the lowest was $1.25, and the maximum decline was 93%. It is currently at $3.45, with a cumulative decline of 80% from the highest price.

Uber rose by about 150% in 2023 and continued to rise by 14.4% in 2024, setting new historical highs and breaking through $70 per share overnight.

Uber will announce its fourth-quarter earnings before the US stock market opens on February 7th.

Here are the institutional ratings and target prices in the past two months:

Keybanc analyst raised the target stock price from $70 to $79.

It is expected that Uber's fourth-quarter Gross Bookings Value (GBV) will be $37.1 billion (annual order volume, in line with market consensus), and the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) profit will be $1.24 billion (slightly higher than the market's expected $1.22 billion).

The expected fourth-quarter revenue is $9.75 billion (market consensus is $9.76 billion) and earnings per share is $0.12 (while the market consensus is $0.17).

It is also expected that Uber's GBV for the next quarter will be between $36.5 billion and $37.5 billion (market consensus is $36.5 billion), and the EBITDA profit will be $1.3 billion, while the market consensus is $1.25 billion.

JMP analyst raised the target stock price from $62 to $75.

Uber is expected to announce strong performance, with fourth-quarter revenue projected to be $9.75 billion and earnings per share of $0.22. It is also expected that there will be a share repurchase authorization of $3 billion to $5 billion.

Nomura analyst reiterated a buy rating for Uber with a target stock price of $77. The expected fourth-quarter revenue for Uber is $9.8 billion.

Source: LB Select The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.