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 56% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $35.0 to $60.0 for Uber over the last 3 months. Seaport Global downgraded its action to Buy with a price target of $51, while Keybanc upgraded its action to Overweight with a price target of $60. The price of UBER is up 0.48% at $47.98.
November 06, 2023 | 4:01 pm
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A significant investor has taken a bearish stance on Uber Technologies. The whales have been targeting a price range from $35.0 to $60.0 for Uber over the last 3 months. Seaport Global downgraded its action to Buy with a price target of $51, while Keybanc upgraded its action to Overweight with a price target of $60.
The bearish stance taken by a significant investor on Uber Technologies, along with the fact that 56% of the investors opened trades with bearish expectations, could potentially lead to a decrease in the stock price. However, the price targets set by Seaport Global and Keybanc could influence the stock price in the opposite direction.
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