Riding Into Uber, Lyft Q4 Earnings With 'Caution'

Wedbush analysts suggested “incremental caution” across the mobility, delivery and grocery sectors, heading into the fourth-quarter earnings season. 

While the analysts believe current estimates remain achievable, they warned that upside potential is limited due to a softening demand environment and persistent macro uncertainty. 

UBER stock is moving. See the chart and price action here. 

Wedbush analysts were lukewarm, at best, on Uber Technologies, Inc. (NYSE:UBER), maintaining a Neutral rating with a $78 price target. 

Investor sentiment has cooled since the third quarter, driven by a lack of near-term catalysts and rising anxiety over AV risk. While Uber’s delivery segment remains encouraging, the report suggests downside risk to mobility gross bookings, resulting in a more balanced and cautious risk-reward profile.

The firm's outlook for Lyft, Inc. (NASDAQ:LYFT) and Maplebear, Inc.'s ...