Here's Why Mizuho Views Uber As Top Pick - Uber Technologies (NYSE:UBER)

Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc UBER with a $72 price target (100% upside). Lee reiterated Uber as a top pick in the U.S.
Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave.
The law compromised the state legislature, unions, and ridesharing companies like Uber and Lyft Inc LYFT.
Also Read: Uber Et al Campaign Against Democrat's Efforts To Classify Gig Workers As Employees, Lyft, GrubHub Follow Uber, Boost Gig Driver Pay
The structure is similar to Proposition 22 in California, and incremental costs are comparable.
He expects Uber to pass these costs to consumers.
Price Action: UBER shares traded higher by 0.25% at $36.07 in the premarket on the last check Monday.
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