Uber price target lowered to $105 from $110 at Roth Capital

Roth Capital lowered the firm’s price target on Uber (UBER) to $105 from $110 but keeps a Buy rating on the shares. The company beat on earnings while its underlying metrics and segment results also came above expectations, the analyst tells investors in a research note. Roth adds that it is convinced that Ridesharing total addressable market – TAM – is bigger than Robotaxis, and Robotaxis expand the Ridesharing TAM.