Loop Capital analyst Rob Sanderson raised the firm’s price target on Uber (UBER) to $86 from $84 and keeps a Buy rating on the shares. The stock will command a higher multiple as autonomous vehicles are proven to be an enabler vs. a disruptor for Uber, though this debate will remain unsettled for a few years, the analyst tells investors in a research note. The firm is also rolling forward its valuation framework to 2026 estimates.
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