Uber price target raised to $96 from $95 at BofA

BofA analyst Justin Post raised the firm’s price target on Uber (UBER) to $96 from $95 and keeps a Buy rating on the shares ahead of the company’s report due on May 7. For Q1, the firm raised bookings, revenue and EBITDA estimates to $43.5B, $11.73B and $1.89B, respectively, which it notes is above the Street view. The firm, which thinks Delivery was stable in Q1 and U.S. Mobility could have had a modest travel impact from slowing airport trips, offset by strong New Verticals growth, adds in its preview that it expects positive call commentary on the Austin Waymo launch.