In a recent development, Cantor Fitzgerald has adjusted its price target for Uber Technologies (UBER, Financial). The financial services firm has raised the price target from $96.00 to $106.00, indicating a 10.42% increase. The rating from analyst Deepak Mathivanan remains unchanged at "Overweight".
This revision highlights the analyst's continued confidence in Uber Technologies' performance outlook. The stock's current rating and the price target adjustment reflect a positive sentiment from Cantor Fitzgerald towards Uber's market position and potential growth.
Investors in Uber Technologies (UBER, Financial) may find this updated price target and sustained rating noteworthy as they assess the company's future market opportunities. This adjustment is part of Cantor Fitzgerald's ongoing analysis and covers the stock on the NYSE exchange.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 45 analysts, the average target price for Uber Technologies Inc (UBER, Financial) is $96.87 with a high estimate of $115.00 and a low estimate of $76.00. The average target implies an upside of 5.83% from the current price of $91.53. More detailed estimate data can be found on the Uber Technologies Inc (UBER) Forecast page.
Based on the consensus recommendation from 54 brokerage firms, Uber Technologies Inc's (UBER, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Uber Technologies Inc (UBER, Financial) in one year is $76.71, suggesting a downside of 16.19% from the current price of $91.53. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Uber Technologies Inc (UBER) Summary page.
