Needham raises target on Uber(UBER:NYE) to $60 from $50 on GM meeting

STA Research
by: STA Research

Needham’s  analyst Brad Erickson today  raised the target on Uber to $60 from $50 and keeps a Buy rating on the stocks.

Erickson is has become more upbeat on Uber’s prospects since the company’s meeting with General motors and the delivery business service which shows promise of growth.

STA Research has a average target of $47 and a consensus Strong Buy rating.  The technical indicator is currently bearish.

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