Uber added to US Conviction List at Goldman Sachs

Goldman Sachs analysts added Uber (UBER) to the firm’s US Conviction List as part of its monthly update. The company can continue to deliver on its February 2024 investor day commitments despite the rise of autonomous vehicles, the analysts tell investors in a research note. The firm sees scaling end markets, rising profitability levels, and increased evidence of the platform cross-sell and “flywheel” effects driving a sustained mix of growth, margins and free cash flow for Uber. Goldman has a Buy rating on the shares with a $96 price target