Sep. 1 at 8:43 PM
Rosenblatt initiated coverage of the online travel and mobility sector, favoring larger, diversified platforms while remaining cautious on companies facing structural or competitive pressures. Analyst Scott Devitt initiated Uber with a Buy rating and a
$100 price target, arguing that recent weakness tied to autonomous vehicle headlines has created an attractive entry point into a high-quality platform with sustained growth.
Devitt also rated DoorDash Buy with a
$270 target, calling it a strong operator in mobility and delivery as it expands its global logistics network through DoorDash, Wolt, and Deliveroo. In online travel, Booking Holdings received a Buy rating with a
$245 target, as Rosenblatt believes investors are overstating AI-driven disintermediation risks. Airbnb was also initiated at Buy with a
$220 target, with pressure from investments in new businesses expected to ease as those initiatives begin contributing.
$UBER $DASH $ABNB