- 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.
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