• Uber's Recent Performance, Analyst Ratings, and Market Sentiment - A Ride-Hailing Snapshot

  • Nov 12 2024
  • Length: 2 mins
  • Podcast

Uber's Recent Performance, Analyst Ratings, and Market Sentiment - A Ride-Hailing Snapshot

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  • Summary

  • **Uber (UBER) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - Current price: $71.65 USD[1].
    - Recent trading range: 69.87 - 86.18 in the last month[5].

    2. **Pre-market and After-hours Movement:**
    - Premarket: 74.87 +0.72 (+0.97%)[5].

    3. **Trading Volume vs Average:**
    - Recent trading volume: 17,674,631 million shares[4].
    - Average volume data not provided in the sources.

    4. **Recent News or Announcements:**
    - Uber proposes slashing pay for New York City drivers[2].
    - Expedia Chair Diller says deal with Uber ‘not going to happen’[2].
    - Uber price target lowered to $95 from $99 at Truist, raised to $82 from $80 at RBC Capital, and lowered to $90 from $97 at Wells Fargo[2].

    5. **Major Analyst Updates or Price Target Changes:**
    - Strong Buy consensus with an average price target of $91.86 (15.29% upside)[2].
    - Recent buy ratings from Morgan Stanley and Loop Capital Markets[4].

    6. **Options Flow Activity:**
    - No specific data on options flow activity in the provided sources.

    7. **Related Semiconductor/AI Sector News Affecting Uber:**
    - Lyft surges after new deal with Mobileye, indicating positive trends in the ride-hailing and autonomous vehicle sectors[4].

    8. **Key Technical Indicators for Day Trading:**
    - Support price: $71.56, resistance: $74.70[4].
    - 60-Month Beta: 1.34, indicating higher volatility[3].
    - Technical rating: 6 out of 10, suggesting a wait for consolidation before entry[5].

    **Market Sentiment:**
    - Bullish sentiment: 88%[2].
    - Recent performance: +44.3% in the last year, but underperformed in the last 3 months and 2 weeks[4].
    - Analysts view Uber as undervalued with a strong buy consensus[2].
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