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Buy Uber into the coronavirus travel fears, Needham says

Dara Khosrowshahi, CEO of Uber, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019.
Adam Galica | CNBC

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Needham added Uber to its "conviction list" of stocks on Tuesday, as the firm predicts the ride-hailing company will bounce back from coronavirus-related travel declines better than the market expects.

Uber shares rose 0.6% in trading to close at $33.04.