Uber is one of the best reopening trades available as the Covid-19 vaccine rollout sparks a rebound in bookings and as it cements a leading position in the delivery market, according to Jefferies.
Analyst Brent Thill told clients in a note published Thursday that Uber is “one of our top internet picks for vaccine-driven economic re-openings.” He predicts significant gains for the stock over the next 12 months.
Shares rose 1.75% in premarket trading following the Jefferies recommendation.
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