Uber Technologies Inc. shares climbed as much as 3.5% on 7 July, touching a record intraday high of $96.39 after Wells Fargo raised its 12-month price target to $120 from $100. The brokerage cited stronger ride-hail and delivery volumes alongside expanding margins as reasons for the upgrade. The rally put Uber among the day’s top performers in large-cap technology and financial stocks, with the shares extending a year-to-date advance that has already outpaced the broader market. The move came as several financial names also notched record levels, including Morgan Stanley, Bank of New York Mellon, Nasdaq and BlackRock.