BofA raised the firm’s price target on Uber (UBER) to $115 from $97 and keeps a Buy rating on the shares. The “No Tax on Tips” provision of the “Big Beautiful Bill” includes 1099 workers, including gig-economy Uber and Lyft (LYFT) drivers in the deduction, the analyst tells investors. This tax benefit could provide a modest tailwind to supply, indirectly supporting take rates, the analyst argues. In addition, data from Bloomberg Second Measure shows modestly accelerating bookings growth for Uber, adds the analyst, who notes that Uber remains “a top pick for 2025.”
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