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 12, 2024 | 2:26 pm
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Goldman Sachs analyst Eric Sheridan 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 bullish sentiment on the stock, suggesting an expectation of outperformance in the short term. This can often lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100