Carpooling and mobility companies Uber Technologies Inc ABOVE reported sales growth from 72% in the third quarter. That’s what analysts said after the earnings.

The Uber Analysts: RBC Capital analyst Brad Erickson had an outperform rating and a price target of $46.

JMP Securities analyst Andrew Boone had a market outperform rating and a price target of $65.

Mizuho Securities analyst James Lee reiterated a buy rating and a price target of $46.

Morgan Stanley analyst Brian Nowak had an Overweight rating and a price target of $54.

Needham analyst Bernie McTernan had a buy rating and raised the price target to $54 from $52.

The Analyst Takeaways: Uber reported revenue growth and beat analyst estimates for EBITDA. RBC Capital’s Erickson said the company missed bookings, travel and several other metrics.

“Mobility demand is as high as ever and rising, driver incentives are low and falling, rationalization actions and advertising from competitors are increasing – all encouraging and suggesting that the targets for 24 will be met/exceeded,” said erickson

JMP Securities’ Boone said the path to a $5 billion EBITDA target in 2024 was clearer after the earnings report, with no macro issues in sight.

“Uber reported strong profitability for 3Q22 despite unfavorable exchange rates as the macro has not yet impacted mobility or delivery demand and October is considered the best month ever for mobility and total corporate gross bookings,” Boone said .

The analyst was “increasingly confident” that Uber would meet its $5 billion EBTIDA target.

Lee of Mizuho Securities said Uber has a “robust business model with optimized efficiencies.”

“In the face of macroeconomic uncertainties, Uber leveraged its scale with cross-selling, lower customer acquisition costs through rational competition, and higher network density to drive margin expansion,” Lee said.

Uber was the analyst’s top pick in the travel sector.

Nowak said the four key takeaways from Uber’s financial results are driver supply, stock gains, gross margins and…