DA Davidson raised the firm’s price target on Uber (UBER) to $108 from $102 and keeps a Buy rating on the shares. The company reported a solid Q3 print highlighted by 2% upside vs. consensus on gross bookings on on 22% y/y Trips growth, the analyst tells investors in a research note. Investors should judge Uber on profit dollar growth and anticipate a more modest pace of annual EBITDA margin expansion in 2026 as the company leans into investing against a series of large long-term profit pool opportunities including cross-platform adoption, affordability, Grocery and Retail, and AVs, the firm added.
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