This Analyst Sees More Than 25% Upside In Uber Thanks To Increased Food Delivery Penetration
Portfolio Pulse from Lekha Gupta
Oppenheimer analyst raises Uber's price target to $95, citing increased food delivery penetration and potential for new user acquisition. Uber's partnership with Spirit Halloween and favorable delivery trends contribute to the positive outlook.
September 27, 2024 | 8:11 pm
News sentiment analysis
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POSITIVE IMPACT
Franklin Disruptive Commerce ETF offers exposure to Uber, which has a positive outlook due to increased food delivery penetration and a raised price target.
BUYZ includes Uber, and the positive sentiment around Uber's stock could benefit the ETF. The impact is indirect but positive.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Uber through the iShares U.S. Transportation ETF, which may benefit from Uber's positive outlook and increased price target.
IYT includes Uber, and the positive outlook on Uber's stock could benefit the ETF. However, the impact is less direct compared to Uber itself.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oppenheimer analyst raises Uber's price target to $95, maintaining an Outperform rating. The analyst sees significant growth potential in food delivery, with opportunities for new user acquisition and increased delivery share gains.
The analyst's increased price target and positive outlook on Uber's food delivery segment suggest a bullish sentiment. The partnership with Spirit Halloween and potential for new user acquisition through better marketing further support this view.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100