BofA raised the firm’s price target on Uber (UBER) to $119 from $115 and keeps a Buy rating on the shares following quarterly results. The firm highlights that Uber reported Revenue/EBITDA of $13.47B/$2.26B vs. Street at $13.24B/$2.27B. BofA notes the rate of margin growth has slowed, but says Uber is growing platform engagement and market position, while profit growth remains robust.
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