BTIG analyst Jake Fuller raised the firm’s price target on Uber to $55 from $50 and keeps a Buy rating on the shares. The firm’s checkpoints suggest a “deceleration” in the U.S. market as rideshare finally shifts from recovery to post-recovery mode, the analyst tells investors in a research note. BTIG adds however that Uber’s, high-teens growth rate is a “post-pandemic norm”, bringing its out-year estimates up from mid-teens while incorporating organic growth of 10%, with new products adding another 7-8 points.
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