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Uber’s Low Growth-Adjusted Multiple Creates An Attractive Entry Point: Morgan Stanley

Amid rising concerns about autonomous driving technologies, Morgan Stanley analyst Brian Nowak maintains an Overweight rating on Uber with a bullish $90 price target. Highlighting Uber's lower growth-adjusted multiple compared to competitors, Nowak underscores the potential for significant upside, driven by robust multi-product strategies and expanding market opportunities, especially in the face of competitors like Lyft and Maplebear.