Why Uber Technologies Stock Jumped Today

Shares of Uber Technologies (NYSE: UBER), a leading provider of ridesharing and transportation services, rose as much as 16% in early-morning trading on Friday. The stock was up about 15% as of 11:20 a.m. EDT.

Numerous Wall Street analysts updated their price targets for Uber's stock today:

Even though all these price targets were revised downward, they have one important thing in common: They are all much higher than Uber's closing price on Thursday of $20.49.

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Source Fool.com