Uber ($UBER) stock is showing positive signs as it breaks out of its 1-hour Value Area and rises above its 50-day moving average. Piper Sandler believes Uber has a 25% upside potential, setting a price target of $88. Additionally, Uber is performing well, with a strong early gain of 2.7% and breaking a one-week flag.
$UBER strong early +2.7% breaking one week flag
$UBER & $CART Piper Sandler reiterates Uber as overweight Piper called Uber a “sleeping giant.” “Like all two-sided marketplaces, Gig Economy names have a high-margin Advertising opportunity that AMZN has proven out. We see this already in CART’s lofty unit profitability. But,…
$UBER Piper Sandler calls Uber a ‘sleeping giant,’ sees 25% upside ahead . Overweight $88 PT
$UBER back above its 50-day and on watch to build the right side of its new base. @marketsurge @IBDinvestors #IBDPartner https://t.co/eqAHFpIuRN https://t.co/lBqVMCfCep
$UBER breaking out of its 1hr Value Area 👀 https://t.co/EEwTI1sO9r