Truist lowered the firm’s price target on Uber (UBER) to $90 from $95 and keeps a Buy rating on the shares. The Q4 results and Q1 guidance show that demand for Mobility & Delivery remain robust with Uber operating at the higher-end off its growth/margins expectations, the analyst tells investors in a research note. That said, the firm noted that Mobility margins showed sequential softness on growth investments, while strong forex headwinds/events will soften Q1 reported growth.
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