Uber price target raised to $126 from $120 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Uber (UBER) to $126 from $120 and keeps a Buy rating on the shares. Uber’s Q3 results highlighted strong bookings, Delivery commerce momentum, and growth in Uber One subscriptions, alongside ongoing investments in Mobility, AVs, and Eats commerce, the analyst tells investors in a research note. Over 2025-2028, gross bookings are expected to grow at mid-teens CAGR, with adjusted EBITDA expanding 20%+, the firm says.