Uber started at neutral with price target below IPO price at Susquehanna; stock edges up
Shares of Uber Technologies Inc. tacked on 0.8% in premarket trade Tuesday, after Susquehanna analyst Shyam Patil said the ride-hailing service was a "once in a generation" company, but said slowing growth created uncertainty around the future trajectory. Patil started coverage of Uber with a neutral rating and a stock price target of $42, which is 6.7% below the initial public offering price of $45. "Given the large growth opportunity for Uber, it's concerning to see growth decelerate meaningfully... Читать дальше...