Why Uber Technologies Stock Is Up Today
Portfolio Pulse from Ryan Gustafson
Uber Technologies (NYSE:UBER) shares are trading higher after Bernstein analyst Nikhil Devnani maintained an Outperform rating and raised its price target from $45 to $50. Devnani believes Uber is at an inflection point in earnings and FCF, making it their top pick in the space.
June 26, 2023 | 7:58 pm
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Uber's stock price is up after Bernstein analyst Nikhil Devnani maintained an Outperform rating and raised the price target from $45 to $50, citing an inflection point in earnings and FCF.
The news of Bernstein analyst Nikhil Devnani maintaining an Outperform rating and raising the price target for Uber's stock from $45 to $50 is a positive signal for investors. This indicates that the analyst believes Uber is at an inflection point in earnings and FCF, making it a top pick in the space. As a result, this news is likely to have a positive short-term impact on Uber's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100