Uber price target raised to $100 from $90 at Needham

Needham analyst Bernie McTernan raised the firm’s price target on Uber (UBER) to $100 from $90 and keeps a Buy rating on the shares. Similar to other areas of the firm’s real-time marketplace coverage, Uber indicated consumer trends continue to be healthy, and Needham assumes that the company is able to maintain high teens constant currency bookings growth for the remainder of the year, the analyst tells investors in a research note.