Wells Fargo analyst Ken Gawrelski lowered the firm’s price target on Uber (UBER) to $95 from $100 and keeps an Overweight rating on the shares. Autonomous vehicles remain front and center in the investor narrative, but the firm estimates any impact to fundamentals is 2027 and beyond. Near term, outside of some weather-related disruption, Wells sees healthy trends balanced against a continued aggressive investment posture.
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