Since its May IPO, Uber Technologies (UBER) has been, for want of a better description, a bit of a car crash. Its share price is down about 25% from its launch, as investors have yet to be convinced in the ridesharing pioneer’s ability to come good.Uber will report third-quarter results today, after the market closed, and unlike its rival, Lyft, which has now provided targets on profitability, investors have yet to gleam a proper insight into its bottom-line strategy.However, ahead of the earnings announcement, Wedbush’s Ygal Arounian issued a glowing assessment of Uber’s prospects. The analyst reiterated a Buy rating …read more
Source:: Yahoo Finance
