With the quiet period related to Uber Technologies disastrous IPO last month com...
SAN FRANCISCO - With the quiet period related to Uber Technologies disastrous IPO last month coming to an end, investors can expect a deluge of analyst research initiations on the ride-hailing service.
Shares of Uber, which is losing billions of dollars a year, are down 9% from the price set in its May 9 initial public offering - the most hotly anticipated public listing since Facebook’s in 2012. The stock was up 0.7% at mid-day on Monday. On average, those analysts expect Uber to lose $4.4 billion in 2019, equivalent to $3.49 per share, according to Refinitiv. At the same time, they expect Uber’s revenue to climb 24% this year to $14 billion.
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