Uber hits record high after unveiling first-ever $7 billion share buyback

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Go back to Uber hits record high after unveiling first-ever $7 billion share buyback

Uber Inc. (UBER) PT Raised to $95 at Deutsche Bank, 'Buying into Growth At Scale'

February 15, 2024 5:24 AM EST

Deutsche Bank analyst Lloyd Walmsley raised the price target on Uber Inc. (NYSE: UBER) to $95.00 (from $82.00) while maintaining a Buy rating.

The analyst comments "Yesterday, Uber had its analyst day one week after a clean 4Q print, where it delivered a 3-year outlook that was well ahead of Street estimates and announced a $7bn share repurchase program. The key takeaways are that: 1) Uber expects to... More

Uber shares rally after announcing inaugural $7bn share repurchase program

February 14, 2024 7:16 AM EST

(Updated - February 14, 2024 7:31 AM EST)

Uber (NYSE: UBER) shares are up more than 5% premarket Wednesday after it announced its inaugural share repurchase program.

The company has authorized the repurchase of up to $7 billion of the company's common stock. The repurchase program is... More