Wedbush Reaffirms “Buy” Rating for Uber Technologies (UBER)

Wedbush reaffirmed their buy rating on shares of Uber Technologies (NYSE:UBER) in a research note released on Monday morning, AnalystRatings.com reports. The brokerage currently has a $65.00 price objective on the ride-sharing company’s stock.

A number of other research firms also recently issued reports on UBER. Atlantic Securities began coverage on Uber Technologies in a research report on Friday, May 3rd. They set a neutral rating and a $55.00 price target on the stock. DA Davidson began coverage on Uber Technologies in a research report on Wednesday, May 1st. They set a neutral rating and a $53.00 price target on the stock.

UBER opened at $43.00 on Monday. Uber Technologies has a 12-month low of $36.08 and a 12-month high of $45.00.

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.

Featured Story: What is the Moving Average Convergence Divergence (MACD) oscillator?

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.