Uber price target lowered to $100 from $103 at Jefferies

Jefferies analyst John Colantuoni lowered the firm’s price target on Uber to $100 from $103 and keeps a Buy rating on the shares. Uber delivered “another EBITDA beat/raise and broadly matched elevated buy-side expectations,” says the firm, which would attribute yesterday’s weakness to a “rare miss” on Mobility Bookings. Uber’s “unique combo of attractive top-line growth and margin expansion” gives its a path for leading EBITDA growth, which should drive the stock higher even if the multiple compresses, the analyst tells investors.