CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Uber full-year results: where next for the share price?

The ridesharing company will unveil its full-year results on Thursday and investors are hoping it will deliver a strong end to the financial year, with the stock up more than 25% since beginning of January.

Uber will release its full-year results on Thursday, with investors hoping for a strong set of earnings that will help propel the stock even higher.

The ridesharing company has had a strong start to 2020, with the stock up more than 25% year-to-date, closing at $37.59 a share on Monday.

Wedbush analyst Dan Ives is certainly optimistic about the stock this year, adding the company to his ‘best ideas’ list on Monday and raising his price target for Uber from $45 to $50 a share.

‘While it will take some time for the Street to get its arms around the growth and fundamental profile of Uber—as well as Lyft—and the ride-sharing market over the coming years,’ Ives said in a note. ‘We believe this week will likely mark an important first step.’

Ives expects Uber to exceed analysts forecasts when it unveils its full-year results on Thursday and for the company to upgrade its guidance for 2020.

Wall Street expects the company to report a 67 cent-per-share loss from $5.1 billion in sales in its fourth and final quarter for the 2019 financial year, with analysts forecasting Uber will lose $2.31 a share from $18.1 billion in sales in 2020 – though sales are expected to grow by around 28% next year.

Ready to start hedging? Open an account with IG today to get started.

Analysts broadly optimistic about Uber shares

Wedbush isn’t alone in its optimism for Uber shares, with the 37 analysts offering 12-month price targets for the stock having a median target of $45.

Based on Uber closing at $37.59 on Monday, analysts believe the stock has a potential upside of 19.7%.

Do you own Uber shares? You can hedge your downside risk with IG by trading CFDs.

Uber completes acquisition of Careem

At the start of this year, Uber completed its acquisition of UAE-based ride-hailing company Careem in a deal valued at $3.1 billion which helped propel its share price higher throughout January.

With the closing of the deal, Uber has acquired Careem’s mobility, delivery, and payments businesses across the greater Middle East region, with major markets including Egypt, Jordan, Saudi Arabia, and the United Arab Emirates.

‘I’m looking forward to seeing even more innovation from Careem, as they continue to operate independently under their current leadership,’ Uber CEO Dara Khosrowshahi said.

‘Working in parallel, our two platforms will be able to build upon the unique strengths of each, to the benefit of drivers, riders, and the cities we serve across the greater Middle East.’


The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.

Act on share opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.