Oppenheimer analyst raised the price target at Uber Technologies, Inc. (NYSE:UBER) to $95 (from $90) and maintained an Outperform rating.
The analyst performed a survey that indicates a significant opportunity for restaurant delivery.
The analyst writes that despite economic pressures, 71% of non-users are unaware of savings from monthly subscriptions, highlighting the potential for new user acquisition through better marketing.
Grocery delivery lags behind restaurant delivery by ten percentage points (57% vs. 67%), with 73% preferring in-person shopping.
Based on favorable restaurant delivery trends, the analyst ...
