Bank of America Global Research raised its price target for Uber Technologies Inc. to $115 from $97 while reiterating a Buy rating. The brokerage said expected savings from driver tax changes, continued strength in bookings and progress in scaling autonomous-vehicle operations could bolster the ride-hailing company’s performance through 2025. Separately, Oppenheimer & Co. lifted its price target on Lyft Inc. to $20 from $17 and maintained an Outperform stance. The analyst said easing robotaxi headwinds, potential multiple expansion and steady demand support a more positive outlook for Uber’s smaller rival.
$LYFT | 𝐋𝐲𝐟𝐭 (LYFT): Oppenheimer reiterates 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦, raises 𝐏𝐓 𝐭𝐨 $𝟐𝟎 (𝐟𝐫𝐨𝐦 $𝟏𝟕) Analyst sees room for 𝐦𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐞𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 as robotaxi headwinds ease and 𝐛𝐞𝐚𝐫 𝐭𝐡𝐞𝐬𝐢𝐬 𝐟𝐚𝐝𝐞𝐬, with demand tailwinds intact. https://t.co/5Qlt6ssK2P
BOFA GLOBAL RESEARCH RAISES UBER PRICE OBJECTIVE TO $115 FROM $97
BOFA Global Research Increases Uber's Price Target To 115 Dollars From 97 Dollars 📈🚗