Uber Technologies shares have actually been on fire, and Guggenheim Securities believes there are more gains to be had. Expert Taylor Manley started protection of the ride-sharing giant with a buy ranking. His $140 cost target signals upside of 48% from Tuesday’s close. Such an advance would contribute to Uber’s currently huge 56% rise this year. Nevertheless, Manley believes the business’s market management in the area places it for more development. UBER YTD mountain UBER year to date “Our BUY thesis is underpinned by the business’s possession base including industry-leading 1) network, 2) innovation, and 3) brand name equity. Uber’s multi-platform network is > > 3x that of next ‘Gig’ peer, with reach placing the Rideshare leader for increased Autonomous Car (AV) adoption,” Manley composed. “Our company believe AV argument to stay an essential motorist of belief with bulls highlighting market growth capacity, bears arguing disintermediation danger,” he stated. “We anticipate AVs to represent 20% of total U.S. Rideshare by 2035E (global on 5-10 year lag) with Uber’s industry-leading need taking advantage of increased AV supply.” Uber shares were down somewhat in the premarket regardless of Guggenheim’s bullish call. A lot of experts are bullish on the stock. LSEG information reveals that 43 of 54 experts rate it a buy or strong buy, per LSEG. (Discover the very best 2026 techniques from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and details here. )
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