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Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: Lyft (LYFT) and Uber Technologies (UBER)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Lyft (LYFTResearch Report) and Uber Technologies (UBERResearch Report).

Lyft (LYFT)

In a report released today, Brian White from Monness maintained a Hold rating on Lyft. The company’s shares closed last Tuesday at $16.16, close to its 52-week low of $11.96.

According to TipRanks.com, White is a 5-star analyst with an average return of 11.7% and a 60.4% success rate. White covers the Technology sector, focusing on stocks such as Palantir Technologies, Spotify Technology SA, and Alphabet Class A.

Currently, the analyst consensus on Lyft is a Moderate Buy with an average price target of $33.52, implying a 107.4% upside from current levels. In a report issued on July 27, MKM Partners also maintained a Hold rating on the stock with a $17.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Uber Technologies (UBER)

In a report released today, Brian Fitzgerald from Wells Fargo reiterated a Buy rating on Uber Technologies, with a price target of $55.00. The company’s shares closed last Tuesday at $29.25.

According to TipRanks.com, Fitzgerald is a 5-star analyst with an average return of 18.2% and a 57.3% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as IAC/InteractiveCorp., Integral Ad Science, and LiveRamp Holdings.

Uber Technologies has an analyst consensus of Strong Buy, with a price target consensus of $45.76, which is a 56.4% upside from current levels. In a report issued on July 19, Jefferies also maintained a Buy rating on the stock with a $50.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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