Needham raised the firm’s price target on Uber to $90 from $71 and keeps a Buy rating on the shares. The analyst cites the company’s Q4 earnings beat and better than expected Q1 guidance. Needham is also turning incrementally more bullish on UBER One, with the company leveraging technology to improve cross-platform utilization and should be rolling out new mobility-focused features soon, the firm tells investors in a research note.
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