Uber Technologies (NYSE: UBER) has an average brokerage recommendation (ABR) of 1.26, indicating a strong buy as calculated from 42 recommendations by various brokerage firms. Of these, 35 are rated as Strong Buy (83.3%) and three as Buy (7.1%).
Over the past month, the Zacks Consensus Estimate for Uber’s current year earnings has increased by 23.1% to $1.04. This heightened analyst optimism has resulted in a Zacks Rank of #2 (Buy) for Uber.
While the ABR suggests a bullish outlook for Uber, the article cautions that brokerage recommendations may have a positive bias due to the vested interests of the firms and recommends using the Zacks Rank as a more reliable tool for assessing stock potential.
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