Uber price target raised to $95 from $93 at BofA

BofA raised the firm’s price target on Uber (UBER) to $95 from $93 and keeps a Buy rating on the shares. Higher than expected foreign exchange pressure is masking positive near-term booking revisions, argues the analyst, who is raising Q1 bookings ex-FX and Q1 EBITDA forecasts by 1%. For 2025, the firm raised both gross bookings and EBITDA expectations by 1%.