Analysts Are Revising Price Targets of These 5 Stocks Post Earnings

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1. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 142

Uber Technologies, Inc. (NYSE:UBER) shares rose to a nearly 10-month high on Wednesday, February 8, after the ride-sharing service surprised investors by posting a profit for the fourth quarter.

The San Francisco-based company reported earnings of 29 cents per share, contrary to the consensus forecast calling for a loss of 15 cents per share. Revenue for the quarter also climbed 49 percent versus last year to $8.61 billion, while analysts expected Uber Technologies, Inc. (NYSE:UBER) to post revenue of $5.78 billion.

Subsequently, Goldman Sachs increased its price target for Uber Technologies, Inc. (NYSE:UBER) from $45 per share to $47 per share, citing its Q4 earnings beat. In addition, Piper Sandler also raised its price target from $33 per share to $41 per share, calling Q4 the “best-ever quarter.”

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