This Is What Whales Are Betting On Uber Technologies
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 70% bullish and 30% bearish. The whales have been targeting a price range from $35.0 to $55.0 for Uber over the last 3 months. The price of UBER is currently down -1.27% at $45.2. Needham has downgraded its action to Buy with a price target of $60.
October 09, 2023 | 2:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
A large investor has taken a bullish stance on Uber Technologies, with a target price range of $35.0 to $55.0. Needham has downgraded its action to Buy with a price target of $60.
The news of a large investor taking a bullish stance on Uber Technologies, along with the target price range and Needham's downgrade to Buy with a $60 target, indicates a positive short-term impact on the company's stock. The bullish sentiment among big-money traders and the targeted price range suggest potential upward movement in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100