Morgan Stanley analyst Brian Nowak lowered the firm’s price target on Uber (UBER) to $100 from $110 and keeps an Overweight rating on the shares. Following earnings, the firm raises its 2026 and 2027 Gross Bookings estimates by 2% and 3%, respectively, but lowers its price target on shares due to peer multiple compression.
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Read More on UBER:
- Uber price target lowered to $105 from $110 at JPMorgan
- Uber: Durable Growth, Strengthening Fundamentals, and Undervalued Core Support Buy Rating Despite Multiple Compression
- Uber price target lowered to $72 from $84 at Canaccord
- Uber to expand robotaxi services to eight additional cities
- Uber price target lowered to $125 from $126 at Goldman Sachs