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Data: Investing.com; Chart: Axios Visuals

Uber is fast recovering from its disastrous first day as a public company last month, and it looks poised to continue rising as Wall Street banks eagerly slapped "Buy" ratings on the stock.

What's happening: The company's so-called quiet period ended Tuesday for the 29 firms that played a role in underwriting its initial public offering. Once allowed to evaluate the company, they were unsurprisingly bullish.

  • Analysts posted 21 Buy ratings, 5 Holds and 0 Sells, according to data compiled by Bloomberg. The average 12-month price target on the stock is $53.70, nearly 33% above where it closed Monday, notes Yahoo Finance's Heidi Chung.
  • The stock rose 3.6% on Tuesday, but remains below its $45 IPO price.

Yes, but: Despite recommending everyone and their mother buy shares in the "transformational" (Bank of America) "leading global player" (RBC) and "categorical market leader" (Oppenheimer), analysts broadly estimated deeper losses than previously expected for the ride-hailing company this year.

Go deeper: Uber's IPO got caught in a perfect storm

Go deeper

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 12,009,301 — Total deaths: 548,799 — Total recoveries — 6,561,969Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 3,053,328 — Total deaths: 132,256 — Total recoveries: 953,420 — Total tested: 37,532,612Map.
  3. Public health: Houston mayor cancels Republican convention over coronavirus concerns Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  4. Travel: United warns employees it may furlough 45% of U.S. workforce How the pandemic changed mobility habits, by state.
  5. Education: New York City schools will not fully reopen in fallHarvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.

Transcripts show George Floyd told police "I can't breathe" over 20 times

Photo: Gary Coronado/Los Angeles Times via Getty Images

Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

8 hours ago - Health

Fighting the coronavirus infodemic

Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.