UPDATE: Jefferies Starts Uber Inc. (UBER) at Buy

(Updated - April 1, 2021 5:40 AM EDT)

Jefferies analyst Brent Thill initiates coverage on Uber Inc. (NYSE: UBER) with a Buy rating and a price target of $75.00.

The analyst comments "UBER is among our top reopening plays. As vaccines roll out, Uber looks ideally positioned to accelerate growth and reach profitability on the back of two core engines. We expect Mobility to recover fully by FY23 and Delivery to sustain rapid growth on an expanding set of opportunities. We believe profitability is around the corner (Q4 '21), and our SOTP shows a portfolio of minority stakes that are essentially free call options."

For an analyst ratings summary and ratings history on Uber Inc. click here. For more ratings news on Uber Inc. click here.

Shares of Uber Inc. closed at $54.51 yesterday.

You May Also Be Interested In

• Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
• Amazon.com (AMZN) PT Raised to $215 at UBS
• Meta Platforms Inc. (META) PT Lowered to $575 at UBS, 'shares are offering a 3-to-1 skew'