UPDATE: Wedbush Starts Uber Inc. (UBER) at Outperform

(updated to add analyst comment)

Wedbush analyst Ygal Arounian initiates coverage on Uber Inc. (NYSE: UBER) with a Outperform rating and a price target of $65.00.

• Calls the company the "Amazon of transportation."
• Sees a runway to penetrate a TAM that is under 3% penetrated currently.
• Says global growth is up while US is down.
• Notes company served 91 million MAPCs (monthly active platform customers) across ride-share and Uber Eats.

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

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