Uber price target raised to $75 from $62 at JMP Securities

JMP Securities raised the firm’s price target on Uber to $75 from $62 and keeps an Outperform rating on the shares ahead of the Q4 earnings report. The firm expects Uber to report healthy top-line results and strong profitability, and thinks U.S. mobility trends are supportive of ongoing growth for Uber Mobility bookings, the analyst tells investors in a research note.