Why Uber And Lyft Are Moving Today

Shares of Uber Technologies, Inc. UBER and Lyft, Inc. LYFT are trading higher Cowen & Co. maintained an Outperform rating on the stocks and raised its price targets.

Cowen & Co. analyst John Blackledge maintained an Outperform rating on Uber and raised the price target from $76 to $80.

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers.

Uber's stock was trading about 1.7% higher at $50.96 at the time of publication. The stock has a 52-week high of $64.05 and a 52-week low of $28.48.

Cowen & Co. analyst John Blackledge maintained an Outperform rating on Lyft and raised the price target from $72 to $76.

Lyft is the second-largest ride-sharing service provider in the U.S., connecting riders and drivers over the Lyft app.

Lyft's stock was trading about 3.2% higher at $62.46. The stock has a 52-week high of $68.28 and a 52-week low of $21.34.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Price TargetAnalyst RatingsMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!