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Uber Technologies (NYSE:UBER) Trading Up 0.7% Following Analyst Upgrade

  • Wells Fargo updated its outlook on Uber Technologies after the company reported first-quarter earnings on May 7, 2025.
  • This update followed Uber’s quarterly report, which showed earnings per share exceeding estimates but revenue slightly below projections.
  • Uber posted $0.83 earnings per share versus a $0.51 forecast and generated $11.5 billion in revenue, growing 14% year over year while falling short of $11.6 billion expected.
  • Wells Fargo raised Uber’s price target from $90 to $100, noting the stock closed at $82.81 on Friday, with a potential rise to $126 described as an "explosive share price."
  • The firm highlighted strong trends in mobility and delivery segments and suggested competition could improve efficiencies while autonomous vehicle deployment may attract investors.
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CryptoPanic broke the news in on Saturday, May 10, 2025.
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