Uber price target lowered to $122 from $124 at UBS

UBS lowered the firm’s price target on Uber (UBER) to $122 from $124 and keeps a Buy rating on the shares. Although Uber’s near-term margin expansion appears softer, stronger monthly active platform consumers and trip growth suggest investments are paying off, the analyst tells investors in a research note A 27% rise in user frequency, broader product selection, and a sixfold total addressable market expansion in Delivery further support durable long-term growth. These factors underpin confidence in sustaining high-teens mid-term gross bookings growth, prompting modest upward revisions to 2026E and 2027E estimates, UBS says.