Will a Grubhub-Uber Alliance Succeed?
Analysts appear divided over the future possibilities offered by a potential purchase of Grubhub (NYSE: GRUB) by Uber Technologies (NYSE: UBER), with some forecasting a strong boost to both companies' share values and others believing the buyout is either unwise or impossible. Grubhub's stock price witnessed a huge jump yesterday, posting close to 30% same-day gains.
Barclays analysts are making bullish predictions about the possible merger. They predict that the purchase by Uber could cause Grubhub shares to skyrocket as high as $75. The firm boosted its Grubhub 12-month price target from $55 to $79, while forecasting that the purchase, once completed, could nudge Uber's stock value up to the vicinity of $43.
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Source Fool.com
