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, 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.

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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.

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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.