Of 25 analysts, 13 rate Pfizer stock at Hold, and 12 have a Buy or Strong Buy rating. At a share price of around $38.70, the upside potential based on a median price target of $47.50 is 22.7%. At the high target of $75, the upside potential is 93.8%.
First-quarter revenue for the Dow stock is forecast at $16.49 billion, down 32.1% sequentially and by 35.7% year over year. Adjusted EPS are pegged at $0.99, down 13.5% sequentially and 38.9% lower year over year. For the full 2023 fiscal year, analysts expect Pfizer to report EPS of $3.40, down 48.3%, on sales of $68.82 billion, down 31.4%.
Pfizer stock trades at 11.4 times expected 2023 EPS, 10.2 times estimated 20243 earnings of $3.82 and 10.3 times estimated 2025 earnings of $3.78 per share. The stock’s 52-week range is $38.31 to $54.93. Pfizer pays an annual dividend of $1.64 (yield of 4.23%). Total shareholder return for the past 12 months was negative 20.63%.
Uber
Over the past year, shares of Uber Technologies Inc. (NYSE: UBER) have traded essentially flat. It could have been worse. Shares have added almost 25% so far in 2023, tagging along on the rediscovered appetite among investors for tech stocks.
On Thursday, New York State’s top court ruled unanimously that New York City never promised the city’s taxi drivers that it would protect their licenses (medallions). Uber and its rivals have shaved about 75% from the medallions’ value. In another bit of good legal news, a federal court ruled Wednesday that Uber’s drivers should not be exempt from arbitration rules because they are not involved in interstate commerce.
Analysts remain solidly bullish on Uber. Of 45 brokerages covering the stock, 40 have a Buy or Strong Buy rating and four rate it at Hold. At a share price of around $31.00, the potential upside based on a median price target of $45.00 is 45.2%. At the high target of $75.00, the upside potential is 142%.
The consensus revenue estimate for the first quarter is $8.71 billion, up 1.1% sequentially and up 27.2% year over year. Uber is expected to post EPS of $0.15 in the quarter, down 73% sequentially but up from a loss of $0.10 per share in the year-ago quarter. For the full 2023 fiscal year, analysts expect EPS of $0.82, compared with last year’s per-share loss of $3.32, on revenue of $36.91 billion, up 15.8%.
Uber’s stock trades at 37.4 times estimated 2023 earnings, 19.7 times estimated 2024 earnings of $1.56 and 13.3 times estimated 2025 earnings of $2.31 per share. The stock’s 52-week range is $19.89 to $37.58. Uber does not pay a dividend. Total shareholder return for the past 12 months is negative 6.28%.
Originally published at 24/7 Wall St.
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