Daiwa Capital Downgrades Uber Technologies to Outperform, Raises Price Target to $51
Portfolio Pulse from richadhand@benzinga.com
Daiwa Capital analyst Jairam Nathan has downgraded Uber Technologies from Buy to Outperform and raised the price target from $42 to $51.

June 28, 2023 | 10:28 am
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Uber Technologies has been downgraded from Buy to Outperform by Daiwa Capital, but the price target has been raised from $42 to $51.
While the downgrade from Buy to Outperform might initially seem negative, it's important to note that Outperform still indicates that the analyst expects the stock to do better than the market average. Furthermore, the increase in price target from $42 to $51 suggests that the analyst sees significant upside potential for the stock. Therefore, the impact on the stock is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100