Uber Technologies (UBER) Shares Gap Up to $39.96

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Uber Technologies Inc (NYSE:UBER) gapped up prior to trading on Wednesday . The stock had previously closed at $41.61, but opened at $39.96. Uber Technologies shares last traded at $40.56, with a volume of 676061 shares traded.

A number of research analysts have recently issued reports on UBER shares. Wedbush reiterated a “buy” rating and set a $65.00 target price on shares of Uber Technologies in a research report on Monday. Atlantic Securities started coverage on Uber Technologies in a research report on Friday, May 3rd. They set a “neutral” rating and a $55.00 target price on the stock. Finally, DA Davidson started coverage on Uber Technologies in a research report on Wednesday, May 1st. They set a “neutral” rating and a $53.00 target price on the stock.

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Uber Technologies Company Profile (NYSE:UBER)

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with riders and eaters worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

See Also: What is a Buy-Side Analyst?

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