Deutsche Bank Maintains Buy Rating for Uber Technologies: Here's What You Need To Know

Deutsche Bank has decided to maintain its Buy rating of Uber Technologies UBER and raise its price target from $42.00 to $44.00.

Shares of Uber Technologies are trading down 2.06% over the last 24 hours, at $31.70 per share.

A move to $44.00 would account for a 38.82% increase from the current share price.

About Uber Technologies

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 131 million users that order rides or food at least once a month. Approximately 44% of its gross revenue comes from ridesharing and 34% from food delivery.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.