Goldman Sachs Maintains Buy on Uber Technologies, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has reaffirmed a Buy rating on Uber Technologies (NYSE:UBER) and increased the price target from $59 to $78.
January 11, 2024 | 1:51 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Uber Technologies and raises the price target to $78, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100