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UBER
Benzinga
106 days

Ahead Of Uber Earnings, Analyst Raises Forecast

1. BofA maintains Buy rating for Uber with a $96 price target. 2. Uber's Q1 bookings and revenue estimates exceed market expectations. 3. Analyst flags potential near-term pressure from softer TSA airport data. 4. Partnership with Volkswagen for autonomous vehicles starting in LA is highlighted. 5. Second-quarter projections show optimistic growth compared to Street estimates.

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FAQ

Why Bullish?

The maintained Buy rating and increased price target indicate analyst confidence. Historical context shows similar upgrades historically led to price appreciation.

How important is it?

The article covers critical growth estimations and partnerships affecting Uber’s market position. The buy rating suggests robust outlook and investor interest.

Why Short Term?

Earnings report on May 7 might catalyze immediate market reactions. Historical earnings surprises can lead to significant stock movement.

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