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Fly News Breaks for March 3, 2020
UBER
Mar 3, 2020 | 06:53 EDT
Needham analyst Brad Erickson lowered the firm's price target on Uber to $54 from $56 but keeps a Buy rating on the shares while adding the name to his Conviction list. The analyst notes that his Rides bookings expectations are reduced due to the coronavirus as he lowers his FY20 EBITDA outlook to ($1.62B) from ($1.42B). However, with shares down over 20% since post-earnings level, Erickson believes that the selloff has created a "very attractive opportunity" at an enterprise value to expected FY21 revenue multiple of "only" 3-times.
News For UBER From the Last 2 Days
UBER
Apr 21, 2024 | 06:24 EDT
Shares of Walmart-backed (WMT) Ibotta soared in their market debut, rising more than 30% and giving the digital marketing company a valuation of about $3. 55B... To see the rest of the story go to thefly.com. See Story Here
