Uber Technologies Inc (UBER)

[JOHNNY-VEGAS]

UBER LANDS HUGE PRICE TARGET BOOST.

from Deutsche Bank on expectation for back-half recovery.

The firm raises its price target on Uber to $80 from $54.



"We see meaningful upside potential to Uber shares in 2021 driven by our optimism around a strong 2H rideshare recovery as vaccinations spread, improving profitability at the Delivery segment and more broadly, as well as a better sense for long-term margins in food delivery as evidenced by DoorDash unit economics. We decrease near-term estimates on the COVID-19 case spikes but increase our 2H estimates for rideshare given high vaccine efficacy levels."