Stifel initiates Uber coverage with a hold rating, raises buy-rated Lyft's price target
Stifel analysts initiated coverage of Uber Technologies Inc. with a hold rating on Tuesday, writing in a note that it likes the company's growth opportunity in transportation and food delivery but that it will be a long road to profitability. Analysts led by Scott Devitt assigned the stock a $50 price target, that is about 13% above its current trading level. "Recently growth in core ridesharing bookings (~70% of total bookings) has slowed to a mid-20% growth rate (est. FX-adj.) as Lyft has gained... Читать дальше...