1 November 2022 | Other

Wedbush’s analysis: Uber’s results for September will exceed expectations

Today, on November 1, Uber will release its report for the third quarter of the current financial year. Wedbush’s analysts expect that this report will demonstrate the company’s solid results. 

Wedbush rated Uber's stock as “outperform” and set a target price of $38. It’s expected that the company’s results for September will be a positive move forward. According to the analysts, Uber is already ahead of the market, despite all the constraining factors from regulators, which enhance the market’s uncertainty.

As stated in the forecast, the company’s total revenue might be around $8.12 billion. The analysts consider this result to be quite achievable because at the moment Uber is actively entering international markets, taking close attention to the increase in profitability, and strictly adhering to its plan for the service’s growth and development.

Company MarketCheese
Period: 11.07.2025 Expectation: 920 pips
GBPUSD falls as UK GDP unexpectedly shrinks
11 July 2025 30
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
11 July 2025 49
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
10 July 2025 65
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
10 July 2025 54
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
09 July 2025 88
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
09 July 2025 58
Go to forecasts