UBS Group Eyeing West? Plans New Office In Menlo Park, Hires Barclay's Lynch, Silicon Valley Expansion In Sight: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2024
0mins
- UBS Expansion in Menlo Park, California: UBS Group AG plans to open an office in Menlo Park, California, recruiting Sean Lynch from Barclays Plc to enhance services for technology firms.
- Resurgence in Dealmaking Expected: The move aligns with expectations of a resurgence in dealmaking and initial public offerings.
- Location and Staffing Changes: UBS will open its premises on Sand Hill Road, relocating some staff from San Francisco to the new location.
- Recruitment of Sean Lynch: Lynch, specializing in companies like Uber and Tesla, has joined UBS from Barclays where he focused on leveraged finance.
- Industry Trends and Competition: Banks are preparing for increased deals post-downturn, with competitors like Morgan Stanley and JP Morgan Chase also focusing on tech companies in Silicon Valley.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
32 Analyst Rating
28 Buy
3 Hold
1 Sell
Strong Buy
Current: 74.600
Low
72.00
Averages
107.10
High
150.00
Current: 74.600
Low
72.00
Averages
107.10
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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