In a report released yesterday, Ross Sandler from Barclays maintained a Buy rating on Uber Technologies (UBER), with a price target of $44.00. The company’s shares closed last Monday at $37.04.
According to TipRanks.com, Sandler is a 5-star analyst with an average return of 10.7% and a 64.9% success rate. Sandler covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group, and Pinterest.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Uber Technologies with a $44.83 average price target, representing a 18.2% upside. In a report issued on January 10, Needham also reiterated a Buy rating on the stock with a $50.00 price target.
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Based on Uber Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.81 billion and GAAP net loss of $1.16 billion. In comparison, last year the company earned revenue of $2.97 billion and had a GAAP net loss of $887 million.
Based on the recent corporate insider activity of 130 insiders, corporate insider sentiment is neutral on the stock.
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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. It operates through following segments: Core Platform and Other Bets.
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