Truist Securities Maintains Buy on Uber Technologies, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Uber Technologies but has lowered the price target from $99 to $95.
November 01, 2024 | 2:59 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on Uber Technologies, indicating continued confidence in the company's performance. However, the price target has been adjusted downwards from $99 to $95, suggesting a slightly less optimistic outlook.
The maintenance of a Buy rating suggests that the analyst still sees potential for growth in Uber's stock, but the lowered price target indicates a tempered expectation of that growth. This could lead to a neutral short-term impact as the market digests the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100