TD Cowen Sees Over 50% Upside To Uber Technologies, Inc. (UBER)

Uber Technologies, Inc. (NYSE:UBER) is among the 15 Best Big Name Stocks to Buy. On April 21, TD Cowen analyst John Blackledge reiterated a Buy rating on the stock with a price target of $114, representing an upside potential of 53% from Friday’s close.

According to a report on TipRanks, the analyst said that the company was well placed to gain from the ‘autonomous vehicle ramp’ with the inclusion of self-driving technology to its network, and that its current share price didn’t match its long-term potential.

Moreover, the firm also noted the momentum across Uber Technologies, Inc. (NYSE:UBER)’s Mobility and Delivery segments, which has created a competitive edge that is hard to compete with for smaller peers.

In other news, last week the company announced that it was launching a new feature for customers to return purchases made through Uber Eats for a fee. The courier pick-up service will initially apply at multiple retail locations, such as Best Buy, Petco, Dick’s Sporting Goods, and more, with plans to add other partners ahead.

Uber Technologies, Inc. (NYSE:UBER) is an American transportation company that provides ride-hailing services, food delivery, courier services, and freight facilities.

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