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Evercore ISI issues bullish note on Uber stock

Yahoo Finance Video

Yahoo Finance Live’s Brian Sozzi breaks down an Evercore ISI analyst’s bullish note on Uber stock.

Video transcript

[AUDIO LOGO]

BRIAN SOZZI: All right, ahead of Uber's earnings on February 8, longtime tech analyst Mark Mahaney at Evercore ISI is making a bullish call on the ride-hailing giant. Says Mahaney, "Based on intraquarter data points in our own analysis, we believe Uber will likely print an in-line-- an in-line Q4. In our view, we see the Street's Q4 and Q1 bookings revenue and operating profit estimates as ballpark reasonable." Uber remains one of Mahaney's top picks, mostly due to the company's market share lead over rival Lyft.