Pershing Square Capital Management's billionaire chief has sold most of his fund's stake in Chipotle over seven years, and is now piling into his new favorite stock.
Uber Buy rating maintained by BofA Securities analyst Justin Post with a price target increase due to optimism about autonomous vehicle position and tax break for 1099 workers.
Uber CEO Dara Khosrowshahi's mother sparked laughs in a recent interview by revealing she still refuses to buy Starbucks coffee—even though Uber Eats delivers it—highlighting the family's humble immigrant roots and frugal values.
Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER)
jumped 3.3% in the afternoon session after Wells Fargo analyst raised the price target on the company's stock. Wells Fargo analyst Ken Gawrelski reiterated an "Overweight" rating on Uber and increased the price target to $120 from $100, suggesting a potential 24.86% upside from the previous closing price. This bullish outlook from a major financial institution signals confidence in Uber's growth prospects and market expansion potential. The move reflects growing optimism on Wall Street, where the majority of analysts covering the stock maintain a "buy" or equivalent rating.
Darden’s second quarter saw a positive market reaction as the company delivered robust same-store sales growth and expanded its restaurant footprint. Management credited the success to value-oriented promotions at Olive Garden, such as the return of the "buy one take one" offer and expanded delivery options, which resonated with guests seeking affordability and convenience. CEO Ricardo Cardenas noted that, “consumers are figuring out that casual dining is a great value,” highlighting a broader shift in consumer behavior away from fast food and toward full-service restaurants. The company also pointed to operational execution and targeted marketing efforts as contributors to guest satisfaction and traffic gains across its largest brands.
With the "Magnificent Seven" (and their close peers) not performing so magnificently anymore, it's time to figure out where the next big growth opportunities are.
