Wells Fargo lowered the firm’s price target on Uber (UBER) to $100 from $122 and keeps an Overweight rating on the shares. The firm sees robust growth outlook, including 2026 U.S. mobility trips and GB acceleration, mitigating concerns around margin pressures. Heavy investment in Delivery is likely to yield longer-term returns, Wells adds.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER:
- Uber price target lowered to $100 from $110 at Morgan Stanley
- 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