Stock analysts at New Street Research assumed coverage on shares of Uber Technologies (NYSE:UBER) in a research report issued on Thursday, The Fly reports. The brokerage set a “buy” rating and a $50.00 price target on the ride-sharing company’s stock. New Street Research’s price target would suggest a potential upside of 21.21% from the company’s current price.
UBER has been the topic of several other research reports. Consumer Edge assumed coverage on shares of Uber Technologies in a report on Tuesday. They set an “equal weight” rating on the stock. Atlantic Securities assumed coverage on shares of Uber Technologies in a research report on Friday, May 3rd. They issued a “neutral” rating and a $55.00 target price for the company. Wedbush reaffirmed a “buy” rating and issued a $65.00 target price on shares of Uber Technologies in a research report on Monday, May 13th. Susquehanna Bancshares assumed coverage on shares of Uber Technologies in a research report on Tuesday. They set a “neutral” rating and a $42.00 price target for the company. Finally, DA Davidson started coverage on shares of Uber Technologies in a report on Wednesday, May 1st. They issued a “neutral” rating and a $53.00 target price for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $53.00.
UBER stock opened at $41.25 on Thursday. 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.
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