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Fly News Breaks for March 3, 2020
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
Jan 15, 2022 | 09:15 EDT
TPG raised $1B in its initial public offering after pricing its IPO at a $9B valuation. The company goes... To see the rest of the story go to See Story Here