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."

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 $65.23 yesterday.

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