Here are the biggest risks Uber's facing, according to Wall Street analysts
- Uber's stock price fell more than 6% in trading Friday as investors digested a less-than-stellar second-quarter earnings report.
- The company lost $5.2 billion in the three-month period.
- Things could get worse, too, Wall Street analysts warn. Here's what they're worried about.
- Visit Business Insider's homepage for more stories.
Despite some massive, one-time charges related to its IPO, Uber continued to grow its "gross bookings" segment, a closely watched measure that accounts for receipts from taxi rides and Uber Eats orders.
Wall Street remains bullish on the company, with an average price target of about $51 - about 27% higher than Friday's close - but there's plenty to worry about, too.
Here are the biggest concerns on analysts' minds following the company's less-than-stellar second-quarter earnings report:
It may never turn a profit
A key metric keeps falling
Self-driving cars are hard — and expensive
Insiders will soon be able to sell their shares
- Oppo Find N3 Flip long term review - The end game for flip smartphones
- ED files first charge sheet against Chinese smartphone maker Vivo-India, others
- Redmi 13C 5G vs Redmi 12 5G – Battle of the budget Redmi smartphones
- Creating a search friendly resume – Here’s how to crack the ATS code
- Gold rush: Don’t recycle or book profits yet, another bull-run on the way say analysts