Uber Inc. (UBER) PT Raised to $40 at Wedbush

Wedbush analyst Daniel Ives raised the price target on Uber Inc. (NYSE: UBER) to $40.00 (from $38.00) while maintaining an Outperform rating following earnings.

The analyst commented, "We believe this is an inflection quarter/guidance for the Uber story as management sounds very confident in hitting the next gear of growth for 2023 while continuing to grow margins."

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