BofA analyst Justin Post lowered the firm’s price target on Uber (UBER) to $103 from $110 and keeps a Buy rating on the shares following Q4 results. The firm noted that guidance implies a 5.6% incremental EBITDA margin in Q1, driving some concerns on increasing investment spend. BofA said given strong top-line growth, a big autonomous vehicle opportunity and near historical low multiple, the firm sees an attractive entry point on autonomous vehicle fears.
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