Institutional investors boosted Uber's stock, despite an insider sale, after strong Q3 earnings.
Peddock Capital Advisors and other institutional investors increased their stakes in Uber Technologies, raising its stock price targets and consensus to "Moderate Buy." Uber reported strong Q3 earnings, beating estimates by $0.79 to $1.20 EPS, with revenue up 20.4% year-over-year. Despite these positives, an insider sold a significant portion of shares, and the stock currently trades at $65.88 with a market cap of $138.72 billion.
2 months ago
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