Stifel raised the firm’s price target on Uber (UBER) to $124 from $116 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results in e-commerce. The firm is citing some headlines intra-quarter related to autonomous cars pressuring the stock down a bit, but Q3 results “look reasonable”, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER:
- Nvidia (NVDA) Is Using Uber’s Driving Data to Train Its Autonomous Vehicle Models
- Nvidia says collaborating with Uber to advance autonomous vehicles
- Uber, Hibbett announce new partnership
- Uber (UBER) Paying Drivers $4,000 to Go Electric as Trump Threatens Zero Emissions Target
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!