Uber price target raised to $95 from $80 at JMP Securities

JMP Securities raised the firm’s price target on Uber (UBER) to $95 from $80 and keeps an Outperform rating on the shares. Uber reported mixed Q3 results, with EBITDA beating the high end of guidance by $10M, while gross bookings came in 1% below consensus, the analyst tells investors in a research note. The firm believes Uber can continue to compound bookings at healthy double-digit rates and would take advantage of the pullback in shares.