BofA raised the firm’s price target on Uber (UBER) to $97 from $96 and keeps a Buy rating on the shares after the company reported what the firm calls “a mostly in-line” Q1. For 2025, the firm lowered its gross bookings estimate by 1% to $188.5B, lowered its revenue estimate by 1% to $50.7B, but leaves its EBITDA estimate largely unchanged at $8.53B, the analyst noted. The firm continues to have Uber as its top pick in Travel/Online Services and raised its price target on a slightly higher 2026 free cash flow estimate, the analyst added.
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