Jefferies Reiterates Buy Rating on Uber Inc. (UBER)
Jefferies analyst John Colantuoni reiterated a Buy rating and $100.00 price target on Uber Inc. (NYSE: UBER).
The analyst comments "Waymo announced today it will expand to Miami in partnership with UBER-backed Moove. The plan is the next phase of Waymo's experimentation with various business models before committing to a long-term strategy. We do not view today's news as reducing the likelihood of a long-term UBER/Waymo partnership. We remain bullish on UBER given: (1) its leading FCF growth; (2) growing share repurchases; (3) less competition from Didi; and (4) robotaxi noise."
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Shares of Uber Inc. closed at $65.23 yesterday.