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Uber price target raised to $85 from $65 at RBC Capital

Uber price target raised to $85 from $65 at RBC Capital

RBC Capital raised the firm’s price target on Uber to $85 from $65 and keeps an Outperform rating on the shares. The company’s Q4 results highlighted a business that is looking like its operating on all cylinders, with strong growth, ramping profitability, and significant free cash flow generation, the analyst tells investors in a research note.

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