September trends appear strong for UBER and Lyft in U.S. mobility, with pricing higher against seasonally strong demand trends.
Needham analyst Bernie McTernan reiterated Uber Technologies Inc (NYSE: UBER) with a Buy and a $60 price target. The analyst maintained a Hold rating on Lyft, Inc (NASDAQ: LYFT).
UBER's average prices reached the highest in the analyst's observed data over the past two years.
On a mean basis, UBER was +31% more expensive than LYFT, also at peak levels and relative to similar pricing to start the year in our data.
While UBER still has a wait time ...