Uber Heads Into Q3 With Wall Street Seeing 58% Upside

This article first appeared on GuruFocus. Uber Technologies Inc. (UBER, Financials), the ride-hailing and delivery business, will report third-quarter profits with analysts looking for bookings growth, free cash flow and competition from autonomous cars.Wall Street is looking for earnings of $0.86 per share on $14.67 billion in revenue.UBS analyst Stephen Ju kept a Buy rating but cut his price target to $106 from $110, noting harder year-over-year comparisons for U.S. mobility and competition from scooters in Brazil.Yet despite those challenges, Ju believes Uber might beat Wall Street's forecasts for about 21% annual EBITDA and free cash flow growth through 2028.