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KeyBanc’s rating upgrade pushes UBER stock price 1.1% higher
Summary
Ride-hailing and delivery company Uber Technologies Inc. (NYSE: UBER) saw its share prices rising by 1.1% after receiving a rating upgrade from broker KeyBanc. KeyBanc Capital Markets upgraded UBER to an ‘overweight’ rating from its previous ‘sector weight’.
Based on expected growth prospects for the tech company, KeyBanc gave its current rating upgrade, matching Evercore ISI’s ‘outperform’ rating. Other brokers maintaining an ‘outperform’ rating on UBER include Fox Advisors, China International Capital, TD Cowen and Wedblush.
Meanwhile, Seaport Global gave the stock a ‘buy’ recommendation, rating it two on five. D.A. Davidson had upped the stock to a ‘buy’ rating on October 3, 2023. Susquehanna Financial also raised its rating on UBER to ‘positive’ on August 2, 2023.
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