KeyBanc raised the firm’s price target on Uber (UBER) to $90 from $80 and keeps an Overweight rating on the shares. The firm believes Uber’s Q1 results alleviate near-term concerns over macro impacts and reinforce advertising, grocery and retail, and sparse markets as long-term growth opportunities. While AVs will likely remain a source of debate and volatility, KeyBanc is encouraged by initial results in Austin, TX, with Waymo.
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Read More on UBER:
- Uber Stock Is a ‘Buy,’ Say Top Analysts Post Q1 Earnings Report
- Uber price target raised to $97 from $96 at BofA
- Uber downgraded to Neutral from Outperform at Wedbush
- Wedbush downgrades Uber to Neutral on lack of catalysts
- Uber Technologies: Strong Growth Potential and Strategic Positioning Justify Buy Rating
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