Uber Technologies (NYSE:UBER) Now Covered by Analysts at Mizuho

Equities research analysts at Mizuho initiated coverage on shares of Uber Technologies (NYSE:UBER) in a note issued to investors on Tuesday, June 4th, Marketbeat reports. The firm set a “buy” rating and a $50.00 price target on the ride-sharing company’s stock. Mizuho’s target price suggests a potential upside of 17.65% from the stock’s previous close.

A number of other research analysts have also recently weighed in on UBER. Wedbush initiated coverage on Uber Technologies in a research report on Wednesday, May 1st. They issued an “outperform” rating and a $65.00 price target for the company. DA Davidson initiated coverage on Uber Technologies in a research report on Wednesday, May 1st. They set a “neutral” rating and a $53.00 price objective for the company. Deutsche Bank initiated coverage on Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $58.00 price objective for the company. Cowen initiated coverage on Uber Technologies in a research report on Tuesday, June 4th. They set an “outperform” rating and a $58.00 price objective for the company. Finally, Oppenheimer initiated coverage on Uber Technologies in a research report on Tuesday, June 4th. They set an “outperform” rating and a $55.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $54.28.

Shares of UBER stock traded down $0.59 during mid-day trading on Tuesday, reaching $42.50. The stock had a trading volume of 6,064,611 shares, compared to its average volume of 17,733,578. Uber Technologies has a 12-month low of $36.08 and a 12-month high of $45.75.

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

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