New Buy Rating for Uber Technologies (UBER), the Technology Giant

Bernstein analyst Nikhil Devnani maintained a Buy rating on Uber Technologies today and set a price target of $110.00.

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Devnani covers the Consumer Cyclical sector, focusing on stocks such as DoorDash, Maplebear, and eBay. According to TipRanks, Devnani has an average return of 7.9% and a 49.41% success rate on recommended stocks.

In a report released on March 2, RBC Capital also maintained a Buy rating on the stock with a $105.00 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 108 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UBER in relation to earlier this year. Last month, Balaji (A) Krishnamurthy, the CFO of UBER bought 22,453.00 shares for a total of $1,599,779.96.