Stock market rallies can often be traced back to October.
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
Baidu Inc. (BIDU) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.