RBC Capital Maintains Outperform on Uber Technologies, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson has maintained an Outperform rating on Uber Technologies (NYSE:UBER) but has lowered the price target from $85 to $80.
May 09, 2024 | 4:33 pm
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RBC Capital maintains an Outperform rating on Uber Technologies but lowers the price target from $85 to $80.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a positive outlook on Uber Technologies but with a slightly reduced growth expectation in the short term. This could lead to mixed reactions in the market, with investors appreciating the sustained positive rating but also recalibrating expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100