Uber price target raised to $86 from $84 at Loop Capital
The Fly

Uber price target raised to $86 from $84 at Loop Capital

Loop Capital analyst Rob Sanderson raised the firm’s price target on Uber (UBER) to $86 from $84 and keeps a Buy rating on the shares. The stock will command a higher multiple as autonomous vehicles are proven to be an enabler vs. a disruptor for Uber, though this debate will remain unsettled for a few years, the analyst tells investors in a research note. The firm is also rolling forward its valuation framework to 2026 estimates.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App