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Fly News Breaks for February 21, 2020
Feb 21, 2020 | 09:07 EDT
Morgan Stanley analyst Brian Nowak raised his Uber Rides bookings estimate by 2% and he now forecasts 18% year-over-year growth, which he notes is 3% ahead of the Street consensus. He cites the strength of U.S. private rides, the lapping of pooling headwinds, an assumed 3% year-over-year increase in U.S. pricing and the integration of Careem for his estimate hike. Rides "has evolved into a two-player game of unequals sooner than expected," contends Nowak, who keeps an Overweight rating on Uber (UBER) shares and Equal Weight rating on Lyft (LYFT). Given his increased estimates for the ridesharing business, which makes up about 65% of his estimate of Uber's total enterprise value, Nowak raised his price target to $58 from $55 for Uber shares.
News For UBER;LYFT From the Last 2 Days
Apr 20, 2021 | 10:03 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BUY UBER: Nomura... To see the rest of the story go to See Story Here
Apr 20, 2021 | 09:58 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Uber (UBER) initiated with a Buy at Nomura. 2. HP Enterprise (HPE) initiated with a Buy at Jefferies. 3. TG Therapeutics (TGTX) initiated with a Neutral at Goldman Sachs. 4. Cisco (CSCO) initiated with a Hold at Deutsche Bank. 5. RingCentral (RNG) reinstated with a Buy at BofA. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.