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UPDATE: JP Morgan Initiates Uber With Overweight, $51 Target As Firm Expects 'upside in Uber shares to be driven by':

1) continued US Rideshare rationalization as well as stability in international rideshare markets; 2) product focus as Uber rolls out loyalty products to amplify engagement on the platform; 3) decisive steps being taken

Benzinga · 01/31/2020 17:02

1) continued US Rideshare rationalization as well as stability in international rideshare markets; 2) product focus as Uber rolls out loyalty products to amplify engagement on the platform; 3) decisive steps being taken to achieve 2021 profitability; and 4) investments in autonomous and other offerings (incl. freight), which provide optionality.'