Roth Capital says Uber (UBER) came into earnings with “high expectations” and “it mostly delivered” in a quarter of “high quality.” The firm, which adds that a $20B buyback announcement and commitment to return 50% of surplus cash were “a surprising positive,” is raising estimates, while keeping a $110 price target and Buy rating on Uber shares. The firm thinks today’s results “set a high bar” for Lyft (LYFT) and DoorDash (DASH) tonight, the analyst added.
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