Wells Fargo analyst Ken Gawrelski raised the firm’s price target on Uber (UBER) to $102 from $95 and keeps an Overweight rating on the shares. The firm views healthier margin outlook reflecting stabilizing Mobility incremental margins in the 8%-9% range. Continued investments across both Mobility & Delivery support stable/slightly accelerating ex-FX growth in Q2, Wells adds.
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Read More on UBER:
- Uber reports Q1 adjusted EPS 72c, consensus 69c
- Uber sees Q2 adjusted EPS 78c-82c, consensus 79c
- Uber reports Q1 gross bookings $53.7B, up 25% y/y
- UBER Stock Has Slipped while the Business Keeps Growing. It’s a Bull Case
- Uber Price Target Lifted to $118 as Strong Q1 Results and Upbeat Outlook Reinforce Buy Rating