Uber's Untapped Market And Expansion Opportunities: Bullish Analyst Highlights
Portfolio Pulse from Nabaparna Bhattacharya
Oppenheimer analyst Jason Helfstein reiterated an Outperform rating on Uber Technologies, raising the price target to $65 from $55. He cites higher peer valuations, consumer tailwinds, and Uber's exposure to strong consumer categories as reasons for the bullish outlook. Helfstein also expects Uber to benefit from potential S&P 500 inclusion and expansion into new markets.
June 21, 2023 | 7:11 pm
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Oppenheimer analyst raises Uber's price target to $65, citing higher valuations, consumer tailwinds, and potential S&P 500 inclusion.
The analyst's bullish outlook on Uber is based on higher peer valuations, consumer tailwinds, and the company's exposure to strong consumer categories. Additionally, potential S&P 500 inclusion and expansion into new markets are expected to benefit the stock price in the short term.
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