Wells Fargo lowered the firm’s price target on Uber (UBER) to $119 from $120 and keeps an Overweight rating on the shares following quarterly results. The firm notes the company is increasingly prioritizing trip volumes and willing to make sacrifices on pricing or incremental margins to maintain robust volume growth. Wells agrees that the most effective rebuttal to mobility secular bear cases is strong trip volumes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER:
- Uber’s Strategic Focus on Volume Growth and Waymo Partnership Drives Buy Rating
- Uber Reports Strong Q2 2025 Financial Growth
- 3 “Strong Buy” Value Stocks to Buy Now, 8/6/2025, According to Analysts
- Uber’s Earnings Call: Growth and Strategic Initiatives
- Uber’s Strong Performance and Strategic Initiatives Justify Buy Rating