Uber Technologies (NYSE:UBER) Now Covered by Deutsche Bank

Deutsche Bank started coverage on shares of Uber Technologies (NYSE:UBER) in a research report sent to investors on Tuesday, June 4th, Stock Target Advisor reports. The firm issued a buy rating and a $58.00 price target on the ride-sharing company’s stock.

Several other research analysts have also recently issued reports on UBER. Wedbush set a $65.00 target price on shares of Uber Technologies and gave the stock a buy rating in a report on Tuesday, May 28th. New Street Research began coverage on shares of Uber Technologies in a report on Thursday, May 23rd. They set a buy rating and a $50.00 target price for the company. DA Davidson reduced their target price on shares of Uber Technologies to $46.00 and set a buy rating for the company in a report on Friday, May 31st. Consumer Edge initiated coverage on shares of Uber Technologies in a report on Tuesday, May 21st. They set an equal weight rating for the company. Finally, Cross Research initiated coverage on shares of Uber Technologies in a report on Tuesday, May 28th. They issued a hold rating for the company. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $54.28.

Shares of NYSE UBER traded down $0.59 during midday trading on Tuesday, reaching $42.50. The company had a trading volume of 6,064,611 shares, compared to its average volume of 17,733,578. Uber Technologies has a 1 year low of $36.08 and a 1 year high of $45.75.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, May 30th. The ride-sharing company reported ($2.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.39) by $0.13. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies will post -5.93 earnings per share for the current year.

About Uber Technologies

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with riders and eaters worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

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