Wedbush Maintains Outperform on Uber Technologies, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Scott Devitt maintains an Outperform rating on Uber Technologies (UBER) but lowers the price target from $85 to $80.

May 09, 2024 | 1:10 pm
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NEUTRAL IMPACT
Wedbush maintains an Outperform rating on Uber Technologies but lowers the price target from $85 to $80.
The adjustment in price target by Wedbush reflects a slight moderation in their short-term outlook for Uber Technologies, likely due to updated market analysis or company performance metrics. However, maintaining an Outperform rating indicates a continued positive long-term view on the company's prospects. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against a backdrop of continued analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100