KeyBanc raised the firm’s price target on Uber to $70 from $61 and keeps an Overweight rating on the shares. The firm’s latest Mobility and Delivery Survey showed stable trends in ride-sharing market share, intent to increase trip frequency, and stable category adoption in food delivery, grocery delivery, and grocery pick-up services. This supports KeyBanc’s view that market conditions are rationalizing and this should lead to improved EBITDA and free cash flow generation.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on UBER: