Wells Fargo’s 85.9% Volume Surge Propels Gig Economy EBITDA Revamps to $14.6 Billion Outlook – 45th in Trading Activity

On September 5, 2025, , , . , reflecting broader market pressures amid mixed sector dynamics.

Wells Fargo analysts revised upward their EBITDA forecasts for leading rideshare and delivery platforms, including Uber, DoorDash, Lyft, and Instacart, driven by accelerating advertising revenue growth in the gig economy. , . , outpacing consensus expectations, . Analysts highlighted untapped potential in restaurant advertising, , and emphasized that rideshare ad penetration remains in early stages, .

, . The bank also announced a new note program to optimize financial operations, though recent regulatory scrutiny over overdraft fees and broader economic uncertainties continued to weigh on investor sentiment.

Back-test design for a “top-volume” strategy requires clarifying scope and trade mechanics. A composite portfolio approach is needed to replicate “top 500 by volume,” as the current engine supports single-ticker analysis. Entry/exit conventions—such as closing-price trading or open-to-close timing—remain to be specified before execution. Once parameters are confirmed, the back-test will proceed immediately.