GO - Could Uber benefit from a recession?

Uber (NYSE:UBER) shares have lost more than 40% of their value since the start of the year, largely on concerns over increased spending. But, investment firm Barclays believes the ride-sharing and mobility company could actually benefit from a potential upcoming recession. Analyst Ross Sandler, said that the Dara Khosrowshahi-led company could be a "major beneficiary" if the economy were to contract, as driver supply could ease and it could lose some of its competition, as private market funding dries up.  "One of the best times to generate positive returns in consumer internet tends to be when stocks go from the sentiment doghouse to less-bad and eventually to the positive camp," Sandler said in a research note. "We think this may be one of those moments for Uber." Sandler, who has an overweight rating on Uber's (UBER) stock, raised his price target to $53 a share from $48. Uber (UBER), which competes with

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Could Uber benefit from a recession?