Uber’s Price Target Raised at Bernstein
<p>Bernstein raised <a href='https://financialmodelingprep.com/financial-summary/UBER'>Uber (NYSE:UBER)</a> price target to $50 from $45 per share, asserting that a "bull case has arrived" for the company. With a Top Pick status at Bernstein, Uber shares have surged approximately 50% in the past two months, reflecting continuous improvement in the company's fundamentals.</p>
<p>The analysts expressed confidence in Uber's prospects, stating they believe the company has a scale/market share advantage. They further highlighted Uber's commitment to enhancing profitability, exercising capital discipline, and achieving healthy growth.</p>
<p>The analysts emphasized that Uber holds the potential to become one of the most compelling free cash flow (FCF) growth stories in the internet industry over the next 2-3 years. The analysts projected that Uber's FCF would increase from around $2 billion presently to nearly $6 billion by 2025.</p>

NYSE:UBER