Why Uber Could Keep Climbing: Tax Breaks, AV Partnerships, Strong Bookings Fuel Analyst Optimism
1. BofA analyst maintains Buy rating on Uber, raises price target to $115. 2. Optimism for Uber's autonomous vehicle initiatives, partnerships, and growth noted. 3. Tax benefits for gig workers may boost driver supply and earnings. 4. Moove, an Uber partner, is raising $1.2 billion for autonomous vehicle operations. 5. Projected fiscal 2025 sales of $50.7 billion suggest strong financial outlook.