Uber Technologies (UBER) Receives a Buy from RBC Capital


In a report issued on March 27, Mark Mahaney from RBC Capital maintained a Buy rating on Uber Technologies (UBER), with a price target of $44.00. The company’s shares closed last Friday at $27.28.

According to TipRanks.com, Mahaney is a 5-star analyst with an average return of 9.0% and a 50.1% success rate. Mahaney covers the Technology sector, focusing on stocks such as Spotify Technology SA, Eventbrite, and Trade Desk.

Uber Technologies has an analyst consensus of Strong Buy, with a price target consensus of $44.00, which is a 70.4% upside from current levels. In a report issued on March 16, Oppenheimer also maintained a Buy rating on the stock with a $34.00 price target.

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The company has a one-year high of $47.09 and a one-year low of $13.71. Currently, Uber Technologies has an average volume of 37.15M.

Based on the recent corporate insider activity of 157 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, 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. Core Platform primarily includes the ridesharing and Uber Eats products; while Other Bets primarily includes the Company’s Freight and New Mobility products. The company was founded by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp in 2009 and is headquartered in San Francisco, CA.

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