On August 10, Uber rose 3.05% in regular trading, trading at $77.265/share, with turnover of $154 million. The stock gained momentum following fresh analyst endorsements from multiple Wall Street firms.

On the news front, Jefferies raised its price target on Uber from $100 to $110, while Roth MKM analyst Rohit Kulkarni maintained a Buy rating with a slightly adjusted target of $100 (down from $105). According to FactSet, the current Wall Street consensus holds an average price target of $102.37 with a unanimous Buy rating, implying significant upside from current levels. The bullish sentiment comes as the stock continues its recovery from a post-earnings pullback earlier this month, when Q2 revenue of $14.19 billion narrowly missed expectations of $14.24 billion, though total bookings of $58.02 billion and adjusted EBITDA of $2.82 billion both exceeded estimates.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)