Uber Inc. (UBER) PT Raised to $113 at BMO Capital

BMO Capital analyst Brian Pitz raised the price target on Uber Inc. (NYSE: UBER) to $113.00 (from $101.00) while maintaining a Outperform rating.

The analyst commented, "UBER reported 0.5%/2% Gross Bookings/Adj EBITDA beat, with +2.5% Delivery offsetting lower Mobility/Freight (-1%). Robust Delivery growth accelerated 200bps to 20% ex-F/X growth, the fastest rate since 4Q21. While Mobility Bookings were lighter than expected, a July U.S. trip growth increase supports a 3Q25E acceleration. UBER remains focused on the AV opportunity, with 20 existing partnerships and 5 new AV deployments coming in 2H25E. $20B share repurchase authorization is encouraging, with a $23B remaining buyback representing ‾12.5% of UBER's market cap. Reiterate Outperform and Top Pick, target price to $113."

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