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.
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