Uber Technologies (NYSE:UBER) Now Covered by Stifel Nicolaus

Stock analysts at Stifel Nicolaus initiated coverage on shares of Uber Technologies (NYSE:UBER) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set a “hold” rating and a $50.00 price target on the ride-sharing company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 13.05% from the company’s previous close.

A number of other analysts have also recently weighed in on UBER. Wedbush began coverage on Uber Technologies in a research report on Wednesday, May 1st. They set an “outperform” rating and a $65.00 price target on the stock. DA Davidson began coverage on Uber Technologies in a research report on Wednesday, May 1st. They set a “neutral” rating and a $53.00 price target on the stock. Bank of America began coverage on Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $53.00 price target on the stock. Deutsche Bank began coverage on Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $58.00 price target on the stock. Finally, Wolfe Research began coverage on Uber Technologies in a research report on Tuesday, June 4th. They set a “market perform” rating on the stock. Eight analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.10.

NYSE:UBER opened at $44.23 on Tuesday. The business’s 50 day moving average price is $42.83. Uber Technologies has a 52 week low of $36.08 and a 52 week high of $47.08.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, May 30th. The ride-sharing company reported ($2.26) EPS for the quarter, topping analysts’ consensus estimates of ($2.39) by $0.13. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. The firm’s revenue was up 19.9% on a year-over-year basis. On average, sell-side analysts expect that Uber Technologies will post -5.93 earnings per share for the current year.

About Uber Technologies

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users 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.

See Also: Systematic Risk

Analyst Recommendations for Uber Technologies (NYSE:UBER)

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