Uber Technologies shares are trading higher after Keybanc upgraded the stock from Sector Weight to Overwieght and announced a $60 price target.
Portfolio Pulse from Benzinga Newsdesk
Uber Technologies' stock has been upgraded from Sector Weight to Overweight by Keybanc, which also announced a $60 price target for the company's shares.
November 03, 2023 | 4:58 pm
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Uber's stock has been upgraded by Keybanc, which could lead to increased investor confidence and a potential rise in stock price.
Analyst upgrades often lead to increased investor confidence and can result in a rise in the stock's price. Given that Keybanc has upgraded Uber's stock and set a $60 price target, this could potentially lead to a short-term increase in Uber's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100