Truist Financial analyst Youssef Squali maintained a Buy rating on Uber Technologies (UBER – Research Report) on May 10 and set a price target of $86.00. The company’s shares closed last Friday at $66.99.
Squali covers the Communication Services sector, focusing on stocks such as Alphabet Class A, DoorDash, and Nextdoor Holdings. According to TipRanks, Squali has an average return of 14.2% and a 55.46% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Uber Technologies with a $89.47 average price target, a 33.56% upside from current levels. In a report released on May 10, Bank of America Securities also assigned a Buy rating to the stock with a $87.00 price target.
The company has a one-year high of $82.14 and a one-year low of $37.07. Currently, Uber Technologies has an average volume of 19.66M.
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UBER in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Uber Technologies (UBER) Company Description:
Founded in 2009, Uber Technologies, Inc. is a San Francisco, California-based transportation networking company that offers a ride-hailing service. It also has a food order and delivery business called Uber Eats, and a freight transportation business called Uber Freight.
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