Needham analyst Brad Erickson maintained a Buy rating on Uber Technologies Inc (UBER) today and set a price target of $50.00. The company’s shares closed last Monday at $33.29.
According to TipRanks.com, Erickson is ranked #4399 out of 5558 analysts.
Uber Technologies Inc has an analyst consensus of Strong Buy, with a price target consensus of $52.14, implying a 66.0% upside from current levels. In a report issued on October 7, Citigroup also upgraded the stock to Buy with a $45.00 price target.
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Based on Uber Technologies Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.17 billion and GAAP net loss of $5.24 billion. In comparison, last year the company earned revenue of $2.94 billion and had a GAAP net loss of $986 million.
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Uber Technologies, Inc. operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. The company operates through following segments: Core Platform and Other Bets.
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