Uber price target raised to $70 from $60 at BTIG

BTIG raised the firm’s price target on Uber to $70 from $60 and keeps a Buy rating on the shares. The analyst is citing “healthy underlying trends” in the firm’s recent checks, which point to sequential growth in U.S. rideshare-delivery bookings and modest share gains on the rideshare side, with positioning in delivery also seen as stable. BTIG adds that its confidence in topline growth is rising given the durability seen in its last round of checks.