Uber price target lowered to $115 from $125 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Uber (UBER) to $115 from $125 and keeps a Buy rating on the shares. Uber’s Q1 results were broadly positive, highlighting accelerating momentum across its mobility and delivery platforms despite external headwinds, driven by strong U.S. consumer demand, insurance-related cost savings, international delivery strength, and growing non-restaurant categories, the analyst tells investors in a research note.