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Here are the biggest risks Uber's facing, according to Wall Street analysts
Abstract：From not turning a profit, to being beat by competitors on self-driving cars, here's what's keeping Wall Street analysts up at night.
Uber's stock price fell more than 6% in trading Friday as investors digested a less-than-stellar second-quarter earnings report.
The company lost $5.2 billion in the three-month period.
Things could get worse, too, Wall Street analysts warn. Here's what they're worried about.
Uber just reported yet another quarter of growth.
Despite some massive, one-time charges related to its IPO, Uber continued to grow its “gross bookings” segment, a closely watched measure that accounts for receipts from taxi rides and Uber Eats orders.
Wall Street remains bullish on the company, with an average price target of about $51 — about 27% higher than Friday's close — but there's plenty to worry about, too.
Here are the biggest concerns on analysts' minds following the company's less-than-stellar second-quarter earnings report:
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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