Mizuho Securities analyst James Lee maintained a Buy rating on Uber Technologies (UBER – Research Report) on January 7 and set a price target of $72.00. The company’s shares closed last Wednesday at $37.86, close to its 52-week low of $34.88.
According to TipRanks.com, Lee is a 4-star analyst with an average return of 11.4% and a 59.1% success rate. Lee covers the Technology sector, focusing on stocks such as Tencent Holdings Limited, Alphabet Class A, and Meta Platforms.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Uber Technologies with a $69.50 average price target, representing an 81.9% upside. In a report issued on January 18, J.P. Morgan also maintained a Buy rating on the stock with a $68.00 price target.
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Uber Technologies’ market cap is currently $73.45B and has a P/E ratio of -29.31.
Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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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