Uber Stock Sets Fresh All-Time High as JPMorgan Increases Price Target
Key Takeaways
- Shares of Uber Technologies hit a fresh record high Tuesday morning as JPMorgan analysts increased their price target on the ride-sharing firm’s stock.
- The analysts lifted their price target to $105 from $92, explaining that the executives’ tone was “upbeat.”
- The note to clients said Uber is likely to see its position in self-driving vehicle technology improving.
Uber Technologies (UBER) shares traded at an all-time high Tuesday morning as JPMorgan analysts increased their price target on the ride-sharing firm’s stock after holding discussions with executives.
The analysts increased their price target to $105 from $92, and affirmed their “overweight” rating.
Analysts wrote in a note to clients that they spent time…
