News Formal

Uber, Lyft shares boosted as Wall Street continues to like gig companies’ recession chances

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Uber and Lyft shares jumped in Monday trading as Wall Street analysts continued to suggest that gig companies could flourish in any coming economic pullback. $LYFT is trading nearly 9% higher:

Uber Technologies Inc. and Lyft Inc. shares jumped in Monday trading as Wall Street analysts continued to suggest that gig companies — largely founded during and after the last large U.S. recession — could flourish in any coming economic pullback.

The analysts upgraded Uber on their belief that out of the biggest gig companies, it may be in the best position to withstand a possible recession. They said Lyft and Getaround Inc. GETR, -2.48%, a peer-to-peer car-sharing platform, are also likely to benefit. But because of its scale, Uber is “our #1 way to invest in this theme,” they added.

See: Uber, DoorDash and Lyft could see hundreds of thousands of new gig workers because of recession, analysts say Piper Sandler also downgraded DoorDash’s stock, with analysts saying they preferred Uber’s chances owing to slowing demand for delivery.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Top Wall Street analysts pick these stocks to celebrate the new yearTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple and Bumble. Apple 🍎 is rotten to the core!
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »