2024 - Uber: on the rise, an analyst raises its objective

(CercleFinance.com) – The stock rose by nearly 1.5% on the New York Stock Exchange, benefiting from Jefferies’ positive analysis.

The analysis office reaffirms its ‘buy’ recommendation on Uber with a price target raised from 57 to 60 dollars, highlighting the growth observed and in perspective for the group, following a geographical analysis.

‘Our analysis shows significant improvements in Uber’s market share since the start of the year, with gains in eight of the ten main countries for mobility and delivery’, points out the broker.

Jefferies says it has also seen low adoption rates in many of Uber’s key international markets, which it says is a long-term growth driver for the group.

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