Argus Upgrades Uber Inc. (UBER) to Buy

(Updated - November 14, 2019 8:50 AM EST)

(update comment)

Argus upgraded Uber Inc. (NYSE: UBER) from Hold to Buy.

The analyst comments "Based on industry data, Uber has a roughly 33% market share in the global ride hailing industry. This gives the company both network efficiencies (as the established leader) along with room for further growth. Uber’s market share lead and massive driver network mean that the company should, in theory, have long-term advantages over the competition. Network effects create higher earnings potential, which means that more drivers may choose to partner with Uber."

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 $26.68 yesterday.

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