(News Bulletin 247) – Analysts at Susquehanna announced on Wednesday that they had raised their opinion on Uber Technologies stock, raised from ‘neutral’ to ‘positive’ with a price target raised from 40 to 48 dollars.
In a research note, the design office welcomes a new “solid” quarterly publication from the giant of VTC and meal delivery, whose profitability according to him continues to improve.
According to Susquehanna, this trajectory is due not only to the increase in revenues of the San Francisco-based group, but also to continuous efforts in terms of its cost management.
‘It has become clear that the group’s positioning continues to strengthen, while at the same time showing an improvement in its operating leverage’, the analysts point out.
“These factors, together with a plethora of future growth opportunities, lead us to raise our rating,” says Susquehanna.
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