Citigroup Maintains Buy on Uber Technologies, Raises Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey has maintained a Buy rating on Uber Technologies (NYSE:UBER) and increased the price target from $75 to $83, indicating a positive outlook on the company's future performance.
February 08, 2024 | 6:18 pm
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Citigroup has reaffirmed its Buy rating on Uber Technologies and raised the price target from $75 to $83, signaling confidence in Uber's growth prospects.
The increase in price target by a reputable analyst like Ronald Josey from Citigroup suggests a strong bullish sentiment towards Uber Technologies. This adjustment reflects an expectation of higher future performance and growth, which could positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100