This Is What Whales Are Betting On Uber Technologies
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Uber Technologies (NYSE:UBER), with 52% of the investors opening trades with bearish expectations. Whales have been targeting a price range from $35.0 to $50.0 for Uber over the last 3 months. The price of UBER is up 0.39% at $43.34. Truist Securities maintains their Buy rating on Uber with a price target of $63, while Wedbush, Daiwa Capital, Mizuho, and Wells Fargo have downgraded their actions with price targets ranging from $46 to $55.
July 03, 2023 | 3:47 pm
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Bearish stance taken by a significant investor on Uber Technologies. Whales have been targeting a price range from $35.0 to $50.0 for Uber over the last 3 months. Mixed analyst ratings with price targets ranging from $46 to $63.
The bearish stance taken by a significant investor and the mixed analyst ratings could potentially lead to a decrease in Uber's stock price in the short term. However, the current price of UBER is up 0.39% at $43.34, which is within the targeted price range by whales. This suggests that the market is still evaluating the impact of these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100