• Uber Stock Analysis: Bullish Momentum Amidst Analyst Upgrades and Autonomous Vehicle Partnerships

  • Nov 11 2024
  • Length: 2 mins
  • Podcast

Uber Stock Analysis: Bullish Momentum Amidst Analyst Upgrades and Autonomous Vehicle Partnerships

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  • Summary

  • **Uber (UBER) Stock Analysis**

    1. **Current Price and Intraday Trading Range**: The current price of Uber is $72.04 USD, with a day high of $74.31 and a day low of $73.24[3][4].

    2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is provided in the sources, but the stock has shown a recent drop from its opening price on Friday, 11/08/2024, from $73.24 to $72.03[3].

    3. **Trading Volume vs Average**: The trading volume is 219,183.00, but no average volume is provided for comparison[3].

    4. **Recent News or Announcements**: Recent news includes Uber proposing to lower the base pay rate for New York City drivers and a report that Expedia Chair Diller says a deal with Uber is "not going to happen"[5].

    5. **Major Analyst Updates or Price Target Changes**: Analysts have made recent price target adjustments, including Truist lowering the target to $95 from $99, RBC Capital raising it to $82 from $80, and Wells Fargo lowering it to $90 from $97[5]. The average price target is $91.86, indicating a 15.29% upside[5].

    6. **Options Flow Activity**: No specific options flow activity is mentioned in the sources.

    7. **Related Semiconductor/AI Sector News**: No direct impact from semiconductor/AI sector news is mentioned, but Uber's partnerships with autonomous vehicle providers like Waymo, Cruise, and Aurora are highlighted as a positive factor[5].

    8. **Key Technical Indicators for Day Trading**: The stock has a 60-month beta of 1.34, a P/E ratio of 70.49, and a strong buy consensus from analysts[2][5]. The SMA (Simple Moving Average) is positive over 20 and 200 days, indicating a bullish trend[5].

    **Market Sentiment**: The overall sentiment is bullish, with 98 buy ratings, 2 hold ratings, and 0 sell ratings. The blogger sentiment is also bullish at 88%, and the news sentiment is very bullish with 100% positive news[3][5].
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