News Formal

Here's why one analyst thinks Uber's stock could double - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Here's why one analyst thinks Uber's stock could double

The firm, which has a $40 price target on Uber, says the stock could hit $54 if multiple forces align correctly. Shares traded at $26.74 as of 2:12 pm ET.

The analysts added: "This cocktail should produce outsized returns for those willing to take the extreme risk." According to the firm, about $1.2 billion of annualized Uber Eats losses come from India, while more than $450 million come from the US.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Uber CEO Kalanick sells another $164 million of stock - Business InsiderKalanick now helms CloudKitchens, a startup that leases kitchen space to restaurants. His stock sales offset a $300 investment he made in the firm.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fund filings show a big Uber selloff but a general love of tech - Business InsiderStanley Druckenmiller dumped more than 2 million Uber shares, but other tech names like Netflix and Amazon are getting plenty of love from billionaire money managers
Source: BusinessInsider - 🏆 729. / 51 Read more »