UBER : Wedbush remains positive, reduces its target
It thus raises its adjusted EBITDA estimates for the second quarter and for 2024 as a whole by 3%, to $1.5 and $6.3 billion respectively, judging Uber to be on the right pace to achieve its three-year targets.
"The underlying business remains strong, and we would buy opportunistically on any near-term pullback in the share price," he asserts, while acknowledging a relative lack of near-term catalysts compared to earlier this year.
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