What the Options Market Tells Us About Uber Technologies
Portfolio Pulse from Benzinga Insights
Options market activity for Uber Technologies (NYSE:UBER) shows a bearish sentiment with 61% of investors holding bearish expectations. Notable trades include a mix of bullish, neutral, and bearish calls with strike prices ranging from $75.00 to $120.00. Uber's current market position is slightly down by -0.96% at $76.25, with analysts maintaining positive ratings, projecting a consensus target price of $91.5. The options market predicts a price range of $25.0 to $120.0 for Uber in the next three months.
April 01, 2024 | 7:15 pm
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NEUTRAL IMPACT
Options market activity indicates a bearish sentiment towards Uber, but analyst ratings remain positive with a target price of $91.5. The stock is slightly down at $76.25.
The bearish sentiment in the options market contrasts with the bullish stance of analysts, indicating uncertainty. However, the stock's slight dip and the positive analyst ratings suggest a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100