Truist analyst Youssef Squali raised the firm’s price target on Uber to $68 from $58 and keeps a Buy rating on the shares ahead of its Q4 results. The quarter should show gross bookings growth and profitability in line or slightly higher than expectations, the analyst tells investors in a research note, citing the firm’s Truist Card Data. Truist adds that given the resiliency of the consumer and of the economy, the demand for mobility and delivery services remained healthy.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on UBER:
- Domino’s Pizza Enterprises Shuns Outlook, Shares Crater
- Netflix upgraded, Tesla initiated: Wall Street’s top analyst calls
- Gordon Haskett downgrades Uber, says catalysts well appreciated
- Uber downgraded to Hold from Buy at Gordon Haskett
- Needham Internet analyst to hold an analyst/industry conference call