DA Davidson Cuts Uber Price Target Citing Elevated Investment; Buy Rating Intact
DA Davidson reduced its price target on Uber Inc. (UBER) to $105 from $108 following the company’s fourth-quarter 2025 results, while retaining a Buy rating. The adjusted model shows less than a 1% decline to DA Davidson’s 2026 adjusted EBITDA estimate driven by higher investment levels, partly offset by robust gross bookings growth. The new target…