Needham & Company LLC Analysts Give Uber Technologies (NYSE:UBER) a $52.00 Price Target
Needham & Company LLC set a $52.00 price objective on Uber Technologies (NYSE:UBER) in a research report released on Thursday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the ride-sharing company’s stock.
A number of other research analysts have also weighed in on the company. Stifel Nicolaus set a $27.00 price objective on Amarin and gave the company a buy rating in a report on Tuesday, July 2nd. Wedbush set a $8.00 price objective on Zynga and gave the company a buy rating in a report on Tuesday, May 28th. Mizuho began coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued a buy rating and a $50.00 target price on the stock. Loop Capital began coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued a buy rating on the stock. Finally, Cowen set a $63.00 target price on TJX Companies and gave the stock a buy rating in a research note on Tuesday, June 4th. Eight analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $54.10.
Shares of UBER stock opened at $43.99 on Thursday. The company has a 50-day moving average price of $43.20. Uber Technologies has a fifty-two week low of $36.08 and a fifty-two week high of $47.08.
Hedge funds have recently modified their holdings of the business. Equitec Specialists LLC purchased a new position in Uber Technologies during the second quarter worth approximately $116,000. Zions Bancorporation N.A. purchased a new position in shares of Uber Technologies in the second quarter valued at approximately $149,000. DNB Asset Management AS purchased a new position in shares of Uber Technologies in the second quarter valued at approximately $1,109,000. Gulf International Bank UK Ltd purchased a new position in shares of Uber Technologies in the second quarter valued at approximately $2,356,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Uber Technologies in the second quarter valued at approximately $5,508,000. Institutional investors own 0.06% of the company’s stock.
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 end-users 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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