JP Morgan: Maintain Uber (UBER.US) "overweight" rating, lowered the target price to 68 US dollars

$Uber Technologies (UBER.US)$ JPMorgan Chase issued a research report that it maintains Uber (UBER.US)'s "overweight" rating and lowered its target price from US$72 to US$68.

Xiaomo analyst Doug Anmuth believes that as the economy becomes more digitized, Uber's position in 2022 will be stronger than before the outbreak. However, he expects that "more diverse stock performance will continue," and that the company's business is a bigger factor in normalization after the new crown epidemic.

Anmuth predicts that as many companies face tough competition and move towards normalization, the level of growth will decrease. By 2022, investors will generally prefer e-commerce and subscription-based companies to online advertising companies.

Article excerpted from the US Stock Research Agency