UBER - Uber Stock Dips 9% After Q1 Earnings JPMorgan Analyst Says Pullback Overdone | Benzinga
JPMorgan analyst Doug Anmuth reiterated an Overweight rating on Uber Technologies, Inc. (NYSE:UBER) after the company reported fiscal first-quarter 2024 revenue growth of 15% year-on-year to $10.10 billion.
The company beat the high end of the EBITDA guide for the eleventh straight quarter, Anmuth writes, with the metric being 3% ahead of the top end of the $1.26 billion-$1.34 billion guidance.
Following the quarterly results, the analyst writes Uber can continue to grow the Delivery category profitably as it looks to improve network efficiencies, scale advertising, and strengthen marketing and incentive optimization.
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