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Fly News Breaks for February 25, 2020
UBER
Feb 25, 2020 | 08:55 EDT
Loop Capital analyst Rob Sanderson raised his price target on Uber to $47 and kept his Buy rating, adjusting his model to reflect accelerated profit trajectory. The analyst adds that improvement in unit economics and a focus on profitable growth are the top priority in the ride sharing industry, and he is positive on the company's transparency regarding its strategic focus this year. Sanderson further cites Uber's expected "material improvement" in the take-rate and narrowing of loss margin in its Uber Eats business.
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.
