The Bull Case For Uber Stock Has Arrived: 'One Of The Most Compelling FCF Growth Stories In U.S. Internet'
Portfolio Pulse from Adam Eckert
Bernstein analyst Nikhil Devnani maintains an Outperform rating for Uber Technologies Inc (NYSE:UBER), raising the price target from $45 to $50, citing free cash flow acceleration and potential S&P index inclusion. Uber's market share and economics have improved as higher capital costs constrain smaller competitors.
June 26, 2023 | 6:08 pm
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Bernstein analyst raises Uber's price target from $45 to $50, citing free cash flow acceleration, improved market share, and potential S&P index inclusion.
The raised price target by Bernstein analyst Nikhil Devnani is based on Uber's free cash flow acceleration, improved market share, and potential S&P index inclusion. These factors are expected to positively impact Uber's stock price in the short term.
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