- Needham analyst Bernie McTernan reiterated Buy on Uber Technologies, Inc (NYSE:UBER) with a $54 price target.
- In his 18th Mobility Tracker, he performed a deep dive on pricing.
- His study showed that UBER tends to serve better relatively when the market is closer to equilibrium.
- Uber’s trend could support future performance, assuming the broader supply and demand dynamics continue to improve.
- During the most recent two-week period, pricing was largely stable, and wait times were slightly worse, driven by a modest mean reversion by Lyft, Inc (NASDAQ:LYFT) following the significant gains during the prior two weeks.
- McTernan observed wait times remain towards the lower end over the past 15 months while pricing is elevated.
- Price Action: UBER shares traded lower by 1.34% at $28.37 on the last check Monday.
‘Maryland Marijuana Legalization Campaign Targets Young Voters In New Ad To Boost Election Turnout’ -Marijuana Moment Report
https://www.marijuanamoment.net/maryland-marijuana-legalization-campaign-targets-young-voters-in-new-ad-to-boost-election-turnout/
