Uber Inc. (UBER) PT Raised to $86 at Loop Capital

Loop Capital analyst Rob Sanderson raised the price target on Uber Inc. (NYSE: UBER) to $86.00 (from $84.00) while maintaining a Buy rating.

The analyst commented: "We are raising our outlook following an in line 3Q report and are introducing our 2026 forecast. We are also rolling forward our valuation framework to 2026 and increasing our PT to $86, from $84 previous. We have lowered our target multiple, now 16.5X our 2026 adj. EBITDA estimate as Uber’s margin profile continues its climb toward steady state which we do not expect for several years beyond our published forecast. We think the stock will command a higher multiple as autonomous vehicles are proven to be an enabler vs. a disruptor for Uber but expect this debate will remain unsettled for a few years. Insurance cost escalation continues to be an issue for the US rideshare industry but also impacts personal car ownership and most alternative forms of transportation. Maintain Buy."

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