Uber Share Price 2024 depicts strong financials in Q4 2023, with a 15% revenue increase. CEO Dara Khosrowshahi anticipates sustained growth in 2023, while analysts project favorable trends.
Uber Share Price 2024 Overview
Uber exceeded expectations in its fourth-quarter report, showcasing impressive results on both revenue and profit fronts. The company witnessed a substantial 15% increase in quarterly revenue compared to the previous year, reaching an impressive $9.94 billion.
According to CEO Dara Khosrowshahi, 2023 was a pivotal year for Uber, characterized by sustainable and profitable growth. This success is attributed to the ongoing trend of consumers transitioning their spending habits from traditional retail to a focus on services.
Uber Share Price 2024 Financial Performance
- Earnings Per Share: Uber reported earnings per share of 66 cents, surpassing the expected 17 cents forecasted by LSEG (formerly Refinitiv).
- Revenue: The company’s revenue reached $9.94 billion, exceeding the anticipated $9.76 billion projected by LSEG.
- Net Income: Uber reported a net income of $1.4 billion, or 66 cents per share, showing significant growth compared to the same quarter the previous year.
- Gross Bookings: Uber’s gross bookings totaled $37.6 billion, marking a substantial 22% year-over-year increase.
Uber share price Today
As of today, Uber’s share price is USD 70.47(5,847.88 Indian Rupee), reflecting a slight increase of $0.010 (0.014%). Investors continue to monitor the dynamic fluctuations in the stock market
Uber Share Price 2024 Analyst Expectations
Analysts predict Uber to report earnings of 17 cents per share for Q4, a decrease from the 29 cents per share recorded in the same period the previous year. Revenue projections stand at $9.76 billion, compared to $8.61 billion in the year-ago quarter.
Recently, Uber faced a €10 million (~$10.86 million) fine from the Dutch Data Protection Authority for violating privacy regulations. The penalty was a consequence of Uber’s failure to disclose complete details about data retention for European drivers and the non-European countries with which it shares this data.
Uber Share Price Target 2024
Projected Growth of Uber Stock Prices in 2024 In the upcoming year, analysts anticipate significant growth in Uber’s stock prices based on monthly projections.
February: Initial Surge
- Opening at $66.73
- High of $84.93
- Closing at $78.55
- Total monthly increase: 17.7%
April: Sustained Rise
- Opening at $87.56
- High of $102.49
- Closing at $94.90
- Total monthly increase: 42.2%
June: Significant Upturn
- Opening at $101.88
- High of $126.53
- Closing at $117.16
- Total monthly increase: 75.6%
March: Building Momentum
- Opening at $78.55
- High of $94.56
- Closing at $87.56
- Total monthly increase: 31.2%
May: Continuing the Climb
- Opening at $94.90
- High of $110.03
- Closing at $101.88
- Total monthly increase: 52.7%
July to December: Consistent Growth
- Continued growth with incremental increases each month
- By December, closing at $142.61
- Total increase from February: 114%
Uber Share Price Target 2025
January:
- Opening at $142.61
- High of $158.04
- Closing at $146.33
- Total monthly increase: 19%
March:
- Opening at $146.74
- High of $164.38
- Closing at $152.20
- Total monthly increase: 28%
May:
- Opening at $168.58
- High of $183.33
- Closing at $169.75
- Total monthly increase: 54%
July:
- Opening at $171.42
- High of $198.08
- Closing at $183.41
- Total monthly increase: 75%
September:
- Opening at $193.50
- High of $212.84
- Closing at $197.07
- Total monthly increase: 95%
November:
- Opening at $205.99
- High of $250.67
- Closing at $232.10
- Total monthly increase: 148%
February:
- Opening at $146.33
- High of $158.48
- Closing at $146.74
- Total monthly increase: 20%
April:
- Opening at $152.20
- High of $182.07
- Closing at $168.58
- Total monthly increase: 53%
June:
- Opening at $169.75
- High of $185.13
- Closing at $171.42
- Total monthly increase: 57%
August:
- Opening at $183.41
- High of $208.98
- Closing at $193.50
- Total monthly increase: 90%
October:
- Opening at $197.07
- High of $222.47
- Closing at $205.99
- Total monthly increase: 109%
December:
- Opening at $232.10
- High of $232.10
- Closing at $203.09
- Total monthly increase: 104%
Uber Share Price Positive Outlook for 2024
CEO Dara Khosrowshahi highlighted 2023 as a year of “sustainable, profitable growth for Uber.” He attributed this success to the ongoing shift in consumer spending from retail to services.
- First Quarter Projections: Uber expects gross bookings between $37 billion and $38.5 billion for Q1 2024, surpassing StreetAccount estimates.
- Adjusted EBITDA: The company anticipates an adjusted EBITDA between $1.26 billion and $1.34 billion for the same period.
READ ALSO: Tata Motors Q3 Result 2024 Projection, price & Target.
Uber Share Price Mobility and Delivery Dominate
- Mobility Segment: Gross bookings in the mobility segment reached $19.3 billion, showing a robust 29% year-over-year growth.
- Delivery Segment: The delivery segment also performed well, with gross bookings of $17.0 billion, up by 19% compared to the previous year.
- Uber faced challenges in its freight business, reporting a 17% decline in sales, as consumers prioritized spending on services over shipping goods.
Conclusion:
Uber‘s Q4 2023 marked impressive growth with a 15% rise in revenue, reaching $9.94 billion. CEO Dara Khosrowshahi sees 2023 as pivotal, emphasizing sustainable, profitable growth amid changing consumer spending habits.
Despite a Dutch fine, Uber’s stock showed resilience. Analysts predict positive trends for 2024, making it an encouraging year for investors.
