Uber Inc. (UBER) Highlighted at the Sustainable Futures Conference for 3 Reasons - Morgan Stanley

June 14, 2021 6:00 AM EDT
Get Alerts UBER Hot Sheet
Price: $41.81 --0%

Rating Summary:
    39 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 21 | New: 42
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Morgan Stanley analyst Brian Nowak reiterated an Overweight rating and $72.00 price target on Uber Inc. (NYSE: UBER) noting 3 takeaways from the MS Sustainable Futures Conference,

1) UBER has 5 key ESG areas integrated into its business: Climate, Safety, Workers' Rights, Diversity and Cybersecurity

2) Autonomous driving is far off but will expand the driver and rider TAM - the introduction of autonomous cars would allow UBER to lower the price to the consumer and expand UBER's addressable market, ultimately increasing volumes and earnings opportunities on the platform

3) On track to become fully electric in US/Canada by 2030 - Green allows UBER to fund drivers at a premium who drive hybrid or increasingly electric vehicles and by 2025 UBER plans to direct over $800mn in resources to help drivers move toward electric vehicles

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 $50.01 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Morgan Stanley, Earnings