Uber initiated with an Outperform at Mizuho

Mizuho initiated coverage of Uber (UBER) with an Outperform rating and $130 price target The firm views the stock as a multi-year contender, forecasting 2025-2028 CAGR of 15% for revenue, 16% for gross profit, and 25% for GAAP EPS. The firm added that it sees the company as the global leader in the gig economy with a strong competitive position, high quality management and culture, strong and improving profitability and free cash flow flow-through, pursuing a disciplined capital return policy, with plenty of room to sustain healthy gross bookings growth longer-term.