Uber price target raised by $5 at Oppenheimer, here's why - InvestingChannel

Uber price target raised by $5 at Oppenheimer, here’s why

Oppenheimer raised the firm’s price target on Uber to $95 from $90 and keeps an Outperform rating on the shares. After conducting a survey with 1,451 respondents, the firm is “incrementally more positive” for restaurant and grocery delivery with 64% and 70% of respective existing users spending more today versus six months ago. For restaurant delivery, the survey indicates there is still a large frequency opportunity for existing users, the analyst tells investors in a research note. Opco increased Uber and DoorDash volume estimates following the survey.

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