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Uber Technologies (UBER) Gets a Buy Rating from Wedbush

In a report issued on August 2, Daniel Ives from Wedbush maintained a Buy rating on Uber Technologies (UBERResearch Report), with a price target of $38.00. The company’s shares closed last Thursday at $30.52.

According to TipRanks.com, Ives is a 5-star analyst with an average return of 12.3% and a 57.1% success rate. Ives covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, Palo Alto Networks, and CyberArk Software.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Uber Technologies with a $46.07 average price target, which is a 54.7% 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.

See Insiders’ Hot Stocks on TipRanks >>

Uber Technologies’ market cap is currently $59.28B and has a P/E ratio of -5.82.

Based on the recent corporate insider activity of 106 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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