Uber price target raised to $57 from $54 at Morgan Stanley

Morgan Stanley analyst Brian Nowak raised the firm’s price target on Uber to $57 from $54 and keeps an Overweight rating on the shares after the company reported "strong" bookings, higher EBITDA, and incremental margins above its 7% long-term target in Q1. The firm, which raised estimates for FY23 and FY24 EBITDA by 5% and 6%, respectively, remains positive, particularly on Mobility.