Uber: Jefferies raises target price

(CercleFinance.com) - Jefferies reinstates its "buy" rating on Uber shares, having increased its target price for them from $57 to $60, highlighting the growth observed and which is ahead for the group, following a geographical analysis.


"Our analysis shows material improvements in UBER's market shares year-todate, with gains across 8 of 10 top Mobility and Delivery countries," the broker points out.

Jefferies adds that it has also seen low adoption rates in many of Uber's key international markets, which it sees as a long-term growth driver for the group.

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