- The shares of Uber Technologies Inc (NYSE: UBER) have received an $80 price target from UBS. These are the details.
The shares of Uber Technologies Inc (NYSE: UBER) have received an $80 price target from UBS. And UBS analyst Lloyd Walmsley initiated coverage of Uber with a “Buy” rating.
Walmsley noted that the stock’s current valuation is underappreciating the company’s Mobility and Delivery business. And Walmsley pointed out that Uber’s margin improvement and multiple expansion story — with a 4-times upside to the downside skew — is the most attractive in the sub-sector under Walmsley’s coverage.
Plus Walmsley further cited Uber’s category share gains in Mobility along with stabilizing market share in food delivery.
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