Wedbush Analysts Express Caution on Uber Ahead of Q4 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Benzinga
- Demand Softening: Wedbush analysts express “incremental caution” across mobility, delivery, and grocery sectors heading into Q4 earnings, noting that while current estimates are achievable, upside potential is limited due to a softening demand environment and persistent macro uncertainty.
- Neutral Rating on Uber: Analysts maintain a Neutral rating on Uber Technologies, Inc. (NYSE:UBER) with a $78 price target, as investor sentiment has cooled due to a lack of near-term catalysts and rising anxiety over AV risks, despite encouraging performance in its delivery segment, which faces downside risks in mobility gross bookings.
- Bearish Outlook for Lyft and Instacart: Wedbush holds a bearish view on Lyft, Inc. (NASDAQ:LYFT) and Maplebear, Inc.'s Instacart (NASDAQ:CART), assigning Underperform ratings; Lyft struggles with weak app engagement and decelerating monthly active user growth, while Instacart faces fierce competition from omnichannel retailers like Amazon and Walmart, with price targets of $16 and $36, respectively.
- DoorDash Stands Out: Wedbush identifies DoorDash, Inc. (NASDAQ:DASH) as its top pick with an Outperform rating and a $270 price target, expecting adjusted EBITDA margin expansion through 2026, supported by its growing advertising segment and increased logistics efficiencies.
Analyst Views on CART
Wall Street analysts forecast CART stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CART is 51.62 USD with a low forecast of 40.00 USD and a high forecast of 66.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
13 Buy
8 Hold
1 Sell
Moderate Buy
Current: 40.350
Low
40.00
Averages
51.62
High
66.00
Current: 40.350
Low
40.00
Averages
51.62
High
66.00
About CART
Maplebear Inc., doing business as Instacart, is a grocery technology company in North America, works with grocers and retailers to transform how people shop. The Company partners with more than 1,800 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from more than 100,000 stores across North America on the Instacart Marketplace. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of consumer-packaged goods (CPG) brands - from category leaders to emerging brands - partner with the Company to connect directly with consumers online, right at the point of purchase. The Company, through its Instacart Health, provides tools to increase nutrition security and make healthy choices easier for consumers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
