https://wccftech.com/uber-soars-on-analyst-upgrade/

Uber’s (NYSE:UBER) share price jumped today as Citigroup (NYSE:C) increased its rating of the stock to ‘buy’ from an earlier ‘neutral’ rating on the back of increased optimism surrounding the company’s third quarter financial results due next month.

Citi research analyst, Italy Michaeli, upgraded the rating while leaving the target price for the stock unchanged at $45 per share. This target price is still short of the consensus sell-side target of $49.58 per share. Michaeli believes that Uber’s upcoming third quarter financial reporting “could provide a window to refocus the story on improving fundamentals.” Moreover, the analyst believes that Uber’s current stock price does not properly incorporate the complete ‘value’ of Uber Eats, the company’s food delivery service.