Positive
●
Proactive Investors
●
about 2 months ago
Bank of America (BofA) has maintained its 'buy' rating and $101 price target on Uber Technologies Inc (NYSE:UBER, XETRA:UT8), saying autonomous vehicle (AV) competition will remain the main theme for the ridesharing sector. The broker expects Uber to retain about 73% of the US mobility market through 2028, compared with 76% currently, despite growing competition from Waymo, Tesla and Zoox.