Uber Technologies (UBER) Research Coverage Started at Citigroup
Citigroup started coverage on shares of Uber Technologies (NYSE:UBER) in a research note issued to investors on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the ride-sharing company’s stock.
Several other analysts have also recently weighed in on the company. Atlantic Securities initiated coverage on Uber Technologies in a report on Friday, May 3rd. They issued a “neutral” rating and a $55.00 price target on the stock. Consumer Edge initiated coverage on Uber Technologies in a report on Tuesday, May 21st. They issued an “equal weight” rating on the stock. New Street Research initiated coverage on Uber Technologies in a report on Thursday, May 23rd. They issued a “buy” rating and a $50.00 price target on the stock. Wedbush reaffirmed a “buy” rating and issued a $65.00 price target on shares of Uber Technologies in a report on Monday, May 13th. Finally, Susquehanna Bancshares began coverage on Uber Technologies in a report on Tuesday, May 21st. They issued a “neutral” rating and a $42.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $54.28.
NYSE:UBER opened at $41.25 on Tuesday. Uber Technologies has a twelve month low of $36.08 and a twelve month high of $45.00.
Uber Technologies Company Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with riders and eaters worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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