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Benzinga
Benzinga
Business
Wayne Duggan

Uber Analyst Says Business Is Booming In March, Despite Spike In Gas Prices

Uber Justin Post United States NYSE Uber Technologies Inc Bank of America New York

Shares of Uber Technologies Inc (NYSE:UBER) jumped 4.6% on Thursday after the company announced a new deal that will allow the app to list New York City taxis on its app for the first time.

In addition to the potential lucrative taxi partnership, Bank of America analyst Justin Post said Thursday that the latest data on Uber's pricing, wait times and engagement suggest rising gas prices aren't holding back Uber's COVID-19 pandemic recovery.

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