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Fly News Breaks for October 10, 2019
UBER
Oct 10, 2019 | 07:21 EDT
Needham analyst Brad Erickson lowered his price target for Uber to $50 from $52, but tells investors in a research note that he is "no less positive" on his time acquisition thesis longer-term and $130 bull case. While he suspects near-term deceleration makes near-term stock appreciation challenging, heading towards bookings re-acceleration in 2020, Erickson says the bear case gets pretty thin with valuation already attractive. The analyst maintains a Buy rating.
News For UBER From the Last 2 Days
UBER
Apr 24, 2024 | 07:48 EDT
Jefferies raised the firm's price target on Uber to $103 from $100 and keeps a Buy rating on the shares. Results should display continued focus on using non-core investments to drive elevated GBV growth, though avoiding a material drop in incremental margins is key to keep investors positive, the analyst tells investors in a preview note for the U.S. Internet group.
