Uber Technologies (UBER) Receives a Buy from Wells Fargo

Wells Fargo analyst Brian Fitzgerald maintained a Buy rating on Uber Technologies (UBERResearch Report) on March 2. The company’s shares closed last Monday at $53.20.

According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 37.7% and a 77.1% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as ANGI Homeservices, LiveRamp Holdings, and Alphabet Class A.

Currently, the analyst consensus on Uber Technologies is a Strong Buy with an average price target of $71.88, implying a 29.5% upside from current levels. In a report issued on February 16, JMP Securities also maintained a Buy rating on the stock with a $75.00 price target.

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The company has a one-year high of $64.05 and a one-year low of $13.71. Currently, Uber Technologies has an average volume of 22.1M.

Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UBER in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Uber Technologies, Inc. operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. It operates through following segments: Core Platform and Other Bets. Core Platform primarily includes the ridesharing and Uber Eats products; while Other Bets primarily includes the Company’s Freight and New Mobility products. The company was founded by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp in 2009 and is headquartered in San Francisco, CA.