Uber Stock Forecast: Can Uber Reach $90 per Share According to Wall Street Analyst
Thursday, 16 May 2024, 09:41
Uber's Potential to Reach $90
The imminent acquisition of Foodpanda in Taiwan indicates industry consolidation, with Uber poised for growth.
Analyst Outlook
Morgan Stanley's Brian Nowak reiterates an optimistic $90 price target, citing Uber's strengthening position in Taiwan's food delivery market.
- Uber Eats Dominance: Consolidating lead in Taiwan with the $1.25 billion investment.
- Empowering Acquisition: Positive market response to acquiring Delivery Hero's Foodpanda in Taiwan.
- Stock Valuation: Potential 36% increase over 12 months from current price.
Investment Consideration: Analyzing risks, growth potential, and market performance critical for optimal decision-making.
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