Uber price target raised to $76 from $75 at JMP Securities

JMP Securities raised the firm’s price target on Uber (UBER) to $76 from $75 and keeps an Outperform rating on the shares. Uber reported a beat-and-raise quarter with Q4 bookings and EBITDA 1% and 4% above consensus, respectively, the analyst tells investors in a research note. With Uber highlighting accelerating bookings growth in U.S. and Canada and record profitability, the firm expects DoorDash (DASH) to report upside to Q4 estimates.