Uber Technologies (UBER) Coverage Initiated by Analysts at Consumer Edge
Consumer Edge began coverage on shares of Uber Technologies (NYSE:UBER) in a research note published on Tuesday, BenzingaRatingsTable reports. The firm issued an equal weight rating on the ride-sharing company’s stock.
A number of other equities research analysts also recently issued reports on UBER. Wedbush started coverage on Uber Technologies in a research report on Wednesday, May 1st. They issued an outperform rating and a $65.00 price objective on the stock. DA Davidson started coverage on Uber Technologies in a research report on Wednesday, May 1st. They issued a neutral rating and a $53.00 price objective on the stock. Finally, Atlantic Securities started coverage on Uber Technologies in a research report on Friday, May 3rd. They issued a neutral rating and a $55.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $53.00.
Shares of UBER stock opened at $40.47 on Tuesday. Uber Technologies has a 52-week low of $36.08 and a 52-week high of $45.00.
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.
Further Reading: Balanced Fund
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