Uber is about to go public with a market value 10 times that of DiDi

Once pressed to the ground by DiDi, Uber's stock price has recently reached new highs, with a market value of up to $145 billion.

Meanwhile, DiDi's market value in the pink sheet market is only $16.7 billion, about one-tenth of Uber's.

DiDi's highest price in history was $18, the lowest was $1.25, and the maximum decline was 93%. It is currently at $3.45, with a cumulative decline of 80% from the highest price.

Uber rose by about 150% in 2023 and continued to rise by 14.4% in 2024, setting new historical highs and breaking through $70 per share overnight.

Uber will announce its fourth-quarter earnings before the US stock market opens on February 7th.

Here are the institutional ratings and target prices in the past two months:

Keybanc analyst raised the target stock price from $70 to $79.

It is expected that Uber's fourth-quarter Gross Bookings Value (GBV) will be $37.1 billion (annual order volume, in line with market consensus), and the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) profit will be $1.24 billion (slightly higher than the market's expected $1.22 billion).

The expected fourth-quarter revenue is $9.75 billion (market consensus is $9.76 billion) and earnings per share is $0.12 (while the market consensus is $0.17).

It is also expected that Uber's GBV for the next quarter will be between $36.5 billion and $37.5 billion (market consensus is $36.5 billion), and the EBITDA profit will be $1.3 billion, while the market consensus is $1.25 billion.

JMP analyst raised the target stock price from $62 to $75.

Uber is expected to announce strong performance, with fourth-quarter revenue projected to be $9.75 billion and earnings per share of $0.22. It is also expected that there will be a share repurchase authorization of $3 billion to $5 billion.

Nomura analyst reiterated a buy rating for Uber with a target stock price of $77. The expected fourth-quarter revenue for Uber is $9.8 billion.