Uber Technologies (UBER) Given a $65.00 Price Target at Wedbush
Uber Technologies (NYSE:UBER) received a $65.00 target price from Wedbush in a research note issued to investors on Tuesday, AnalystRatings.com reports. The brokerage presently has a “buy” rating on the ride-sharing company’s stock. Wedbush’s price objective would indicate a potential upside of 60.85% from the company’s current price.
Several other analysts also recently weighed in on UBER. DA Davidson started coverage on shares of Uber Technologies in a report on Wednesday, May 1st. They issued a “neutral” rating and a $53.00 target price on the stock. Atlantic Securities started coverage on shares of Uber Technologies in a report on Friday, May 3rd. They set a “neutral” rating and a $55.00 price objective on the stock. Consumer Edge started coverage on shares of Uber Technologies in a report on Tuesday, May 21st. They set an “equal weight” rating on the stock. Susquehanna Bancshares started coverage on shares of Uber Technologies in a report on Tuesday, May 21st. They set a “neutral” rating and a $42.00 price objective on the stock. Finally, New Street Research started coverage on shares of Uber Technologies in a report on Thursday, May 23rd. They set a “buy” rating and a $50.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $48.68.
Shares of NYSE:UBER traded up $0.61 during midday trading on Tuesday, hitting $40.41. The stock had a trading volume of 23,194,949 shares, compared to its average volume of 35,317,848. Uber Technologies has a 1 year low of $36.08 and a 1 year high of $45.00.
About Uber Technologies
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with riders and eaters 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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