share_log

Oppenheimer Maintains Uber Technologies(UBER.US) With Buy Rating, Raises Target Price to $95

Futu News ·  Sep 27 19:33  · Ratings

Oppenheimer analyst Jason Helfstein maintains $Uber Technologies (UBER.US)$ with a buy rating, and adjusts the target price from $90 to $95.

According to TipRanks data, the analyst has a success rate of 51.4% and a total average return of 15.1% over the past year.

AnalystRecentRatingAutoNews_77296526642556_20240927_168b2b96730b30575f43b2027d094636b1992009_1727523029785441_nn_en

Furthermore, according to the comprehensive report, the opinions of $Uber Technologies (UBER.US)$'s main analysts recently are as follows:

  • After a survey of 1,451 participants, there is an increased optimism for restaurant and grocery delivery, with a notable percentage of current users spending more currently compared to half a year prior. The survey suggests a significant opportunity for increased frequency among current users in restaurant delivery. This has led to heightened volume projections for companies in the delivery sector.

  • The firm highlights that recent survey results indicate a sustained consumer intention to enhance the use of ride-sharing services, which is seen as a positive development for the industry, potentially benefiting companies such as Uber.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment