Tigress Financial raised the firm’s price target on Uber to $72 from $66 and keeps a Buy rating on the shares. The company’s dominant position in both ridesharing and delivery, combined with ongoing innovation and new business partnerships, continues to drive its user growth, use frequency, and strong pricing trends, the analyst tells investors in a research note. Uber has also recently reported strong Q3 results and turned the corner to profitability thanks to strength across all products and geographies, with significant growth seen in Asia-Pacific and Latin America due to new product rollouts, the firm added.
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