Needham & Company LLC Analysts Give Uber Technologies (NYSE:UBER) a $52.00 Price Target
Needham & Company LLC set a $52.00 price objective on Uber Technologies (NYSE:UBER) in a report issued on Thursday morning, Stock Target Advisor reports. The firm currently has a buy rating on the ride-sharing company’s stock.
UBER has been the subject of several other reports. Citigroup upgraded OIL SEARCH LTD/ADR from a sell rating to a neutral rating in a research report on Tuesday, June 4th. Susquehanna Bancshares assumed coverage on Uber Technologies in a report on Tuesday, May 21st. They issued a neutral rating and a $42.00 target price for the company. Northcoast Research assumed coverage on Uber Technologies in a report on Thursday, June 20th. They issued a neutral rating for the company. SunTrust Banks lifted their target price on Mirati Therapeutics to $120.00 and gave the company a buy rating in a report on Tuesday, June 4th. Finally, Wedbush set a $8.00 target price on Zynga and gave the company a buy rating in a report on Tuesday, May 28th. Eight analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $54.10.
UBER opened at $43.99 on Thursday. Uber Technologies has a 52 week low of $36.08 and a 52 week high of $47.08. The stock’s fifty day moving average price is $43.20.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Zweig DiMenna Associates LLC purchased a new stake in Uber Technologies during the 2nd quarter worth about $5,508,000. Gulf International Bank UK Ltd purchased a new stake in Uber Technologies during the 2nd quarter worth about $2,356,000. Zions Bancorporation N.A. purchased a new stake in Uber Technologies during the 2nd quarter worth about $149,000. Equitec Specialists LLC purchased a new stake in Uber Technologies during the 2nd quarter worth about $116,000. Finally, DNB Asset Management AS purchased a new stake in Uber Technologies during the 2nd quarter worth about $1,109,000. 0.06% of the stock is owned by institutional investors.
Uber Technologies Company Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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