Uber Technologies, Inc. (NYSE:UBER) shares were trading around 7% lower Friday afternoon following the company’s reported Q4 results, with revenue of $5.78 billion, beating the consensus estimate of $5.34 billion. Adjusted EPS came in at $0.26, below the consensus estimates of $0.35.

Analysts at Oppenheimer provided their views on the company following the quarterly report, reducing their price target to $45 from $50, but maintaining their outperform rating as the company is poised to benefit from a return to work and business travel, with Investor Day giving more guidance on medium-term view toward becoming a "Super-App."

Among near-term catalysts for the company, the analysts mentioned expansion into new markets, improved freight offering, new transportation solutions (New Mobility), and positive traction with subscription products.