Uber Technologies (UBER) is set to report fourth-quarter earnings before the bell Wednesday, with revenue projected to have grown year-over-year but profit to have declined.

Analysts are overwhelmingly bullish on the rideshare giant's stock, with all 25 analysts tracked by Visible Alpha rating it a "buy." Their consensus price target at $90 would imply 29% upside from Tuesday's close at $69.75.

Uber is expected to report a roughly 18% year-over-year revenue gain to $11.76 billion, according to estimates compiled by Visible Alpha. However, the company's net income is projected to have declined by 27% to $1.04 billion, as its Q4 2023 profit included a $1 billion net benefit from a revaluation of its equity investments.

Analysts Say Autonomous Vehicle Concerns Hel🍎d Back Stock in 🍒2024

Bank of America analysts said in a note last week that they believe the concern around autonomous vehicles that hurt Uber's stock last year is "overdone." They noted that the stock ended 2024 down 2%, but said that this year could bring "better visibility into the lengthy timeline" of the rollout and public adoption of autonomous vehicles (AVs), which could provide both opportunities and risks for Uber.

Both Uber and 澳洲幸运5官方开奖结果体彩网:rival Lyft (LYFT) have signed deals with a 澳洲幸运5官方开奖结果体彩网:number of AV and tech companies, like Alphabet's (GOOGL) Waymo and Nvidia (NVDA), to partner in the AV movement. The ridesharing firms also face competition from Tesla (TSLA), 澳洲幸运5官方开奖结果体彩网:which has said it is looking to bring its AVs to the road in 澳洲幸运5官方开奖结果体彩网:certain markets this year.

Uber shares have gained about 16% since the start of 2025, but are down about 1% over the🌳 past 12♛ months.

UPDATE—Feb. 4, 2025: This article has been updated to reflect more recent analyst estimates and share price values.