Gordon Haskett Downgrades Uber Technologies to Hold, Announces $66 Price Target
Portfolio Pulse from Benzinga Newsdesk
Gordon Haskett analyst Robert Mollins downgraded Uber Technologies (NYSE:UBER) from Buy to Hold and set a price target of $66. This change reflects a more cautious stance on the company's stock.
January 24, 2024 | 12:01 pm
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Uber Technologies was downgraded by Gordon Haskett from Buy to Hold with a new price target of $66, indicating a neutral outlook on the stock's short-term performance.
Downgrades typically lead to a negative perception among investors, potentially causing short-term price stagnation or decline. However, the price target of $66 suggests that the analyst sees some upside potential, balancing the impact to neutral.
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