Uber Technologies (NYSE:UBER)
Historical Stock Chart
2 Months : From Dec 2019 to Feb 2020
By Michael Dabaie
Uber Technologies Inc. (UBER) shares rose 5% to $36.97 in midday trading.
Morgan Stanley named the ride-hailing company as its 2020 top U.S. Internet pick.
Morgan Stanley in its 2020 U.S. Internet outlook said there is a still-long runway for ride-sharing and profitability is improving for Uber's rides and Eats food delivery service.
Morgan Stanley said Uber trades 10% below its valuation for ride-sharing alone.
Ride-share company Lyft Inc. (LYFT) was up about 4% to $48.24.
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(END) Dow Jones Newswires
January 21, 2020 12:44 ET (17:44 GMT)
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