KeyBanc lowered the firm’s price target on Uber (UBER) to $80 from $85 and keeps an Overweight rating on the shares. The firm’s latest Mobility & Delivery Survey showed stable ride-sharing adoption, albeit with some cautionary flags around consumer price sensitivity and autonomous vehicles gaining traction. KeyBanc views delivery as less impacted than ridesharing.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER:
- Giant Tiger Stores partners with DoorDash, Uber Eats
- Uber Technologies Stock Soars Amid Strong Buy Ratings
- Google-Backed Waymo (GOOGL) Is Quickly Gaining Market Share in Austin
- British AI Driving Group Wayve Starts the Engine on Global Expansion Plans With Nissan Deal
- Two Stock Disruptors in the Making: How Kaltura and Serve Robotics Are Shaping the Future