Uber Price Target Held at $110 After $14.4B Q4 Revenue; Block Adds Uber Eats Partnership
Susquehanna maintained its $110 price target on Uber after Q4 revenue of $14.4B exceeded forecasts and first-quarter gross bookings guidance topped consensus by 3%. Separately, Block expanded its partner ecosystem to nearly 1,000 merchants, adding Uber Eats to integrated payment offerings, potentially boosting delivery volume.
1. Susquehanna Maintains Price Target After Q4 Results
Susquehanna reaffirmed a $110 price target on Uber following a fourth-quarter revenue beat of $14.4 billion versus estimates of $14.32 billion and an EPS of $0.71. Revenue growth reflects strength in ride-hailing and delivery segments despite a slight earnings miss.
2. Block Expands Partner Ecosystem to Include Uber Eats
Block’s partner network reached nearly 1,000 participants with the inclusion of Uber Eats, Amazon and QuickBooks, enabling sellers to accept payments seamlessly across delivery platforms. Adding Uber Eats aims to drive additional order volume and streamline payment processing for restaurants and couriers.
3. First-Quarter Guidance and Autonomous Vehicle Progress
Uber’s first-quarter gross bookings outlook topped consensus by 3% at the midpoint, supported by expected growth in US mobility trips. Management also emphasized continued progress on autonomous vehicle deployments as a strategic long-term growth driver.