Uber (UBER) Stock: $72 Price Target And Outperform Rating

By Amit Chowdhry ● May 5, 2022
  • The shares of Uber Technologies Inc (NYSE: UBER) have received a $72 price target from Cowen. These are the details.

The shares of Uber Technologies Inc (NYSE: UBER) have received a $72 price target from Cowen. And Cowen analyst John Blackledge is maintaining an “Outperform” rating on the shares. 

Blackledge adjusted the rating while citing that the first-quarter results beat estimates featuring the third quarter of positive EBITDA. And Blackledge noted that the EBITDA guidance was well ahead of consensus and that Mobility continues to improve amid re-openings while Delivery should accelerate in the second half of 2022.

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