UBER - Tesla's Robotaxi Plans: Potential Threat Or Future Partner For Uber? | Benzinga
BofA analyst Justin Post reiterated a Buy rating on Uber Technologies, Inc (NYSE:UBER) with a price target of $91.
Post remained constructive on Uber as his top travel and transportation stock, given bookings and EBTIDA growth well above peers. Data points for first-quarter Mobility spending suggest accelerating trends, while Restaurant spending may have decelerated, though Uber’s other verticals should drive above-industry trends.
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Overall, with Leap Year and Easter benefits, Post expects results in line with his estimates for core bookings to accelerate 1pt to 24% year-on year CC (23% Y/Y including FX and above Street at 22%). Scaling New Vertical products like Hailables, Shared Rides (now a $1 billion+ run rate product), and Grocery should continue to fuel overall new vertical growth, which he estimates to reach $4.4 billion in
first quarter (58% Y/Y) and contributed 3.4pts ...