BMO Capital analyst Brian Pitz raised the firm’s price target on Uber to $92 from $82 and keeps an Outperform rating on the shares. The analyst cites the company’s track record of innovation while noting that the management’s 2024 Investor Day offered more significant insights into driver, rider, and frequency growth trends. Uber is the category leader for both Rideshare and Food Delivery globally, and the company remains well positioned for potential wallet share gains in the coming years as it continues to enable cross-sell opportunities for users, the firm added.
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