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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

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
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »