Uber’s Price Target Raised at Barclays 
<p>Following a 75% year-to-date surge in <a href='https://financialmodelingprep.com/financial-summary/UBER'>Uber (NYSE:UBER)</a> stock, Barclays analysts raised their price target on the company's shares to $57 from $45.</p>
<p>The analysts stated that even without considering the future possibilities of Travel Concierge AI, there is a foreseeable path for Uber's shares to reach $70 based on a 15x valuation of $10 billion in EBITDA. While the achievement of the $10 billion EBITDA figure is expected by 2026, the analysts anticipate that the $70 share level could be reached sometime in 2025, given consistent growth and margin improvement.</p>
<p>The analysts also mentioned that there are positive catalysts that could drive Uber's shares higher. An update on Uber's long-term forecast by the management, expected early next year, could serve as a favorable catalyst. Furthermore, if Uber attains an investment grade status and implements a hike in its share repurchases, it has the potential to trigger a re-rating of its shares.</p>

NYSE:UBER