JPMorgan analyst Doug Anmuth notes Uber released details on its three-year outlook and new share repurchase program ahead of its Investor Update call that starts at 8 am ET today. The firm, which believes the outlook suggests upside to its and the Street’s estimates, expects the stock to respond favorably to the guidance and announcement of a share repurchase program of $7B. JPMorgan maintains an Overweight rating on Uber shares, which are up $5.63, or 8%, to $74.62 in pre-market trading.
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