Uber price target raised to $100 from $95 at Jefferies

Jefferies raised the firm’s price target on Uber Technologies to $100 from $95 and keeps a Buy rating on the shares. Uber is increasingly leveraging an expanded mobility product suite to address more use cases, which is driving increased user adoption and multi-product attachment, the analyst tells investors in a research note. The firm’s analysis shows these new products will increase the company’s annual growth of mobility bookings and EBITDA by 4% and 6% through 2026, respectively, supporting faster growth and upside to Street estimates. Jefferies says Uber has gone from just two mobility products in 2011 – UberX and Black – to about 20 at the present.