Unpacking the Latest Options Trading Trends in Uber Technologies
Portfolio Pulse from Benzinga Insights
Recent options trading trends show a bullish stance on Uber Technologies (NYSE:UBER), with 56% of investors showing bullish expectations. The trading activity suggests a target price range of $40.0 to $90.0. The most significant trades include both calls and puts with varying sentiments and strike prices. Uber's current market status shows a slight increase in stock price to $74.76, with neutral RSI indicators and upcoming earnings in 19 days. Industry analysts have set an average target price of $92.8, with ratings ranging from Buy to Market Outperform.
April 11, 2024 | 2:46 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Options trading trends and analyst ratings indicate a bullish outlook for Uber Technologies, with a significant trading activity aiming for a price range of $40.0 to $90.0 and an average analyst target price of $92.8.
The bullish stance in options trading, combined with positive analyst ratings and a target price above the current stock price, suggests a potential short-term increase in UBER's stock price. The significant volume of trades and the upcoming earnings report further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100