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Benzinga
9 days

Uber Stock Tumbles, Analyst Lists Autonomous Vehicles As 'Key Risk'

1. Goldman Sachs maintains Buy on Uber, targeting $96 per share. 2. Uber's Q4 gross bookings were $44.2 billion, exceeding estimates. 3. Adjusted EBITDA reached $1.84 billion, aligning with market expectations. 4. Stock downturn observed at $65.00, down 6.8% post earnings. 5. Key risks include competition and regulatory pressures in Mobility.

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FAQ

Why Bullish?

Analyst's price target and strong bookings suggest potential upside. Historical trends show similar analyst upgrades result in price rebounds.

How important is it?

Earnings results and analyst ratings can significantly sway investor behavior. Comparable past earnings announcements have led to notable stock price movements.

Why Short Term?

Earnings performance and investor sentiment impact price quickly. Previous disclosures have shown prompt market reactions.

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