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Uber shares can re-rate higher as initiatives ramp, says Citi

Citi analyst Ronald Josey believes Uber (UBER) is well positioned to achieve its goal of becoming the largest facilitator of autonomous vehicle trips globally by 2029 given its growing list of partnerships. The stock can re-rate higher as Uber’s autonomous vehicle initiatives ramp in the second half of the year, the analyst tells investors in a research note. Citi reiterates a Buy rating on the shares with a $110 price target

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