Wells Fargo Maintains Overweight on Uber Technologies, Lowers Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski maintains an Overweight rating on Uber Technologies (UBER) but lowers the price target from $95 to $89.

May 09, 2024 | 4:09 pm
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Wells Fargo maintains an Overweight rating on Uber Technologies but lowers the price target from $95 to $89.
The adjustment in price target by Wells Fargo, while maintaining an Overweight rating, suggests a continued positive outlook on Uber Technologies but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised target amidst ongoing bullish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100