Jefferies lifts Uber PT to new Street high amid expanding Mobility product suite
The investment bank said UBER has significantly broadened its Mobility offerings, growing its product portfolio from merely two options in 2011 to around 20 at present.
“The strategy is working, with Bookings from new mobility products increasing from $2.3B in FY21 to $8.5B in FY23, which represents 90% annual growth and now comprises 12% of Mobility Bookings ,” analysts noted. The introduction of new products by the ride-hailing giant is projected to boost the annual growth rate of Mobility Bookings and EBITDA by 4% and 6% respectively, through to 2026, “supporting faster growth and upside to street estimates,” said analysts.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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