7/103 sources · 3 publishersUpdated Oct 8, 20:57 UTC
Wells Fargo lifts Uber price target to $92, keeping Overweight rating
Wells Fargo raised its price target for Uber Technologies to $92 from $89 while maintaining an Overweight stance. The new target represents roughly a 33% premium to the current share price. The analyst, Ken Gawrelski, cited valuation, earnings revisions and growth outlook as the basis for the adjustment. Uber shares traded around $68.11 at the time of the announcement.
Why it matters
Wells Fargo expects the higher target to reflect upside potential, which could influence investor sentiment and support a price rally. The firm’s view suggests that Uber may be undervalued at current levels.
Key facts
- 1Wells Fargo increased Uber's price target to $92 from $89. marketscreener.com
- 2The Overweight rating on Uber was retained. marketscreener.com
- 3Uber's share price was $68.11 when the target was announced. marketscreener.com
- 4The $92 target is about 33% above the current price. benzinga.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.