Needham Sticks to Its Buy Rating for Uber Technologies (UBER)

In a report released today, Bernie McTernan from Needham maintained a Buy rating on Uber Technologies (UBERResearch Report), with a price target of $54.00. The company’s shares closed yesterday at $30.04.

According to TipRanks, McTernan is an analyst with an average return of -16.8% and a 33.06% success rate. McTernan covers the Services sector, focusing on stocks such as DraftKings, Penn National Gaming, and Upwork.

Currently, the analyst consensus on Uber Technologies is a Strong Buy with an average price target of $48.47, representing a 61.35% upside. In a report released on November 2, Wolfe Research also maintained a Buy rating on the stock with a $40.00 price target.

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The company has a one-year high of $45.90 and a one-year low of $19.90. Currently, Uber Technologies has an average volume of 26.85M.

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UBER in relation to earlier this year.

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.

Founded in 2009, Uber Technologies, Inc. is a San Francisco, California-based transportation networking company that offers a ride-hailing service. It also has a food order and delivery business called Uber Eats, and a freight transportation business called Uber Freight.

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