Uber Actively Explores Delivery Hero Asset Sales; Analyst PT Raised to $115
UBER is trading near its 52-week low of $67.19 (2.4% above the low).
Summary
Uber is actively exploring the sale of Delivery Hero assets in Latin America, Asia, and Europe, contacting potential buyers as part of its ongoing takeover efforts. This confirms and advances the news from June 12th about Uber sounding out buyers. The move signals concrete progress in Uber's strategic bid to acquire Delivery Hero, which would significantly expand its global delivery operations. Separately, Tigress Financial raised its price target on Uber to $115 from $110, maintaining a Buy rating.
At the time of this announcement, UBER was trading at $68.80 on NYSE in the Technology sector, with a market capitalization of approximately $140.2B. The 52-week trading range was $67.19 to $101.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.