Truist Securities Maintains Buy on Uber Technologies, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali has maintained a 'Buy' rating on Uber Technologies (NYSE:UBER) but lowered the price target from $63 to $60.
August 04, 2023 | 11:43 am
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Uber's price target has been lowered from $63 to $60 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities may cause some short-term uncertainty among investors, potentially impacting Uber's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100