Wedbush Sticks to Their Buy Rating for Uber Technologies (UBER)

By Ryan Adsit

In a report issued on February 6, Ygal Arounian from Wedbush maintained a Buy rating on Uber Technologies (UBERResearch Report), with a price target of $50.00. The company’s shares closed last Monday at $40.63.

According to TipRanks.com, Arounian is a 1-star analyst with an average return of -1.1% and a 51.4% success rate. Arounian covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group, and Pinterest.

Uber Technologies has an analyst consensus of Strong Buy, with a price target consensus of $48.50, implying a 21.3% upside from current levels. In a report issued on January 28, UBS also initiated coverage with a Buy rating on the stock with a $56.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $47.08 and a one-year low of $25.58. Currently, Uber Technologies has an average volume of 31.57M.

Based on the recent corporate insider activity of 139 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Uber Technologies, Inc. operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. It operates through following segments: Core Platform and Other Bets.