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.
About US$7 billion of Uber's stock market value has evaporated since the IPO, making it a major disappointment for the company, its shareholders and underwriters. On average, those analysts expect Uber to lose US$4.4 billion in 2019, equivalent to US$3.49 per share, according to Refinitiv. At the same time, they expect Uber's revenue to climb 24per cent this year to US$14 billion.
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