Shares of Uber dropped about 41% in 2022 as rising interest rates dented the growth prospects of tech companies.
The outlook for Uber has improved, and that should lead to a better stock performance in 2023, according to Piper Sandler. Analyst Alexander Potter upgraded shares to overweight from neutral, saying rising inflation will spur consumers to favor ride-hailing to purchasing expensive cars. "Vehicle prices are near all-time highs, and a quick reversion to historical pricing seems unlikely.
Now, however, the ride-hailing service is looking like a favorable alternative for consumers challenged by rising prices and growing recession concerns — a trend that should also benefit shares of Uber-competitor Lyft, which has an overweight rating from the firm. "Expensive cars may force consumers to consider alternative forms of mobility. In November, the average price of a new car was ~$49k in the United States.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'Yellowstone' star Piper Perabo details the show’s 'values' that she aligns withPiper Perabo revealed that she 'aligns' with a lot of the values that are seen in the successful 'Yellowstone' television series. Perabo portrays Summer Higgins in the show.
Weiterlesen »
They said it: College cheat pays the piperQuote of the week.
Weiterlesen »
Jeremy Renner Shares Pic With Hospital StaffJeremy Renner lived to celebrate his 52nd birthday on Saturday—and he thanked the hospital staff who is helping him recover from a snow-tractor accident by sharing a picture of himself with ICU workers on his Instagram.
Weiterlesen »
Escondido artist, born and raised in Ukraine, shares her style with adopted new homeAnna Pearson is a Ukrainian-born artist who moved to San Diego in 2017, and currently has work on display in San Diego, including a 600-square-foot, black-and-white floral mural in the North City development in San Marcos
Weiterlesen »
NYC Uber drivers denied planned pay raise by judgeUber drivers in NYC are dealing with a big blow as of Saturday morning. A judge has ruled against a planned pay hike, saying faulty methods were used to calculate the scheduled increase for drivers.
Weiterlesen »
Bo Jackson Shares Inspirational Message for Damar HamlinOne of the latest monumental figures to send a message to Bills safety Damar Hamlin was NFL legend Bo Jackson
Weiterlesen »