Uber Technologies (UBER): New Buy Recommendation for This Technology Giant

In a report released on April 13, Doug Anmuth from J.P. Morgan maintained a Buy rating on Uber Technologies, with a price target of $105.00. The company’s shares closed yesterday at $72.34.

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Anmuth covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Netflix. According to TipRanks, Anmuth has an average return of 11.9% and a 57.72% success rate on recommended stocks.

Currently, the analyst consensus on Uber Technologies is a Strong Buy with an average price target of $106.24, which is a 46.86% upside from current levels. In a report released today, Bank of America Securities also maintained a Buy rating on the stock with a $103.00 price target.

Based on Uber Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $14.37 billion and a net profit of $296 million. In comparison, last year the company earned a revenue of $11.96 billion and had a net profit of $6.88 billion

Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is neutral on the stock. Last month, Nikki Krishnamurthy, the SVP and Chief People Officer of UBER sold 30,000.00 shares for a total of $2,233,500.00.