William Blair analyst Ralph Schackart has maintained their bullish stance on UBER stock, giving a Buy rating on May 12.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ralph Schackart has given his Buy rating due to a combination of factors related to Uber Technologies’ strategic initiatives aimed at cost savings for users. The company’s recent announcements at the Go-Get conference highlight several new features designed to make commuting more affordable, which could drive increased user engagement and loyalty.
The introduction of AI-driven commute alerts, price lock options, prepaid trip bundles, and route sharing are expected to appeal particularly to cost-conscious consumers. These features not only enhance user experience but also position Uber to capture a larger share of the commuter market, potentially boosting revenue in both its mobility and delivery segments.
In another report released on May 12, DBS also maintained a Buy rating on the stock with a $95.00 price target.