Bond.az - Citizens analyst Andrew Boone maintained a Market Outperform rating on Uber Inc. (NYSE:UBER) with a $100 price target.
Boone noted Uber last closed at $74.69, implying shares trade at 10.6 times the firm's 2027 estimated EBITDA of $14.3 billion. Currently, the stock trades at an EV/EBITDA multiple of 20.97 based on the last twelve months.
According to Bond.az analysis, Uber appears undervalued at current levels, with Fair Value suggesting upside potential. This aligns with 17 analysts revising earnings upwards.
The $100 target is based on approximately 14 times Citizens' 2027 estimated EBITDA for Uber, in line with DoorDash's multiple.
Citizens believes Uber's valuation can rerate as autonomous vehicle partners ramp and the market realizes AVs expand the total addressable market.
