Street View: Uber's growth story intact amid macro uncertainty
** Uber's UBER.N second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services
FOCUS ON IMPACT FROM AV NETWORKS
** D.A. Davidson ("buy," PT: $82) believes co's suite of offerings like subscriptions, Uber for business and competitive advantage in scale and marketplace liquidity makes it well positioned to deliver durable growth for years to come
** Wedbush ("outperform," PT: $80) remains constructive on the fundamentals of the business amid macro uncertainty; notes rising consumer base of multiple Uber products
** Evercore ISI ("outperform," PT: $90) says Uber likely to be a long-term beneficiary of autonomous vehicle (AV) adoption, fundamentally and financially
** Bernstein ("outperform," PT: $95) says adding new and expanding existing partnerships is the way forward for Uber on the AV front
** Brokerage adds "there is complexity around running a rideshare network from pricing to pick-up and drop-off dynamics, which we believe UBER is best equipped to help alleviate"
** Citigroup ("buy," PT: $98) notes co's operational experience and demand are needed for greater utilization across AV networks and expects more AV providers to join the marketplace
Reporting by Kanchana Chakravarty in Bengaluru
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