RBC Capital raised the firm’s price target on Uber (UBER) to $110 from $100 and keeps an Outperform rating on the shares. The company’s Q3 print was mostly strong against an elevated bar coming in, the analyst tells investors in a research note. Uber’s continued steady core fundamental performance, supported by the quality of the AV narrative continues to instruct investors’ assessment of results where the company is generally checking most of the necessary boxes, RBC added.
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