Uber Stock Price: $75 Target By Jefferies

By Amit Chowdhry ● Apr 4, 2021
  • The shares of Uber Technologies (NYSE:UBER) have received a price target of $75 by Jefferies Financial. These are the details.

The shares of Uber Technologies (NYSE:UBER) have received a price target of $75 by Jefferies Financial. And Jefferies analyst Brent Thill had initiated coverage of Uber with a “Buy” rating.

Thill noted that Uber is ideally positioned for accelerating the growth and the company is expected to reach profitability as the COVID-19 vaccines are being rapidly distributed.

And Thill also pointed out that Uber’s Mobility division is expected to see a strong comeback in fiscal 2021. However, growth in the Delivery operations are expected to see some deceleration during the reopening economy.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.