Arete improved Uber (UBER) to buy from neutral with a price target of $125, compared to $82. The company believes investors’ concerns about competition from autonomous vehicles are overblown. Autonomous vehicle suppliers outside of Tesla (TSLA) don’t have the capacity to make an affordable vehicle at scale, the analyst tells investors in a research note. Arete adds that with the majority of Uber’s gross bookings coming from consumers with annual income above $100,000, the company has less consumer spending risk than its peers.
Published first on LaMouche – the ultimate source of real-time, market-changing financial news. Try now>>
See the top stocks recommended by analysts >>
Learn more about UBER:
Disclaimer & DisclosureReport a Problem
