Uber price target raised to $79 from $72 at Roth MKM

Roth MKM analyst Rohit Kulkarni raised the firm’s price target on Uber to $79 from $72 and keeps a Buy rating on the shares. The company reported another beat-and-raise quarter with upside to Bookings, EBITDA, and underlying metrics, the analyst tells investors in a research note. Next week’s investor update event could also turn into an incremental sentiment catalyst, the firm added.