Latest news with #UBER
Business Insider
3 days ago
- Automotive
- Business Insider
Uber Stock Is Still a ‘Top Pick,' Says BMO Capital Despite Tesla (TSLA) Robotaxi Jitters
Shares of ride-hailing and delivery giant Uber (UBER) fell roughly 5% in yesterday's trading. The decline follows news of Tesla's (TSLA) upcoming Robotaxi launch in Austin on June 12. Still, BMO Capital Top analyst Brian Pitz remains confident in Uber's long-term strategy and growth prospects. The five-star analyst sees the recent dip as a buying opportunity and reiterated his Outperform rating and $101 price target, calling Uber a 'Top Pick' in the sector. Confident Investing Starts Here: Uber's AV Plans and Valuation Signal Upside According to the analyst, the market has overreacted to Tesla's planned Robotaxi launch on June 12. Although the news drew headlines, Pitz notes that Tesla's rollout—limited to just 10–20 vehicles—is small when stacked against Uber's much larger plans. For instance, Uber's deal with Waymo, owned by Alphabet (GOOGL), will bring hundreds of autonomous cars to its app in the coming months. Uber also has active deals with May Mobility and China-based WeRide, which are set to roll out AVs (autonomous vehicle) in dozens of U.S. cities. BMO applauds Uber's move to ' drive international scale ' through its recent acquisition of Dantaxi, Denmark's largest taxi firm. The deal brings 3,500 drivers onto Uber's platform, and starting this summer, riders in Denmark will be able to book trips through the app. The firm expects this to 'increase adoption' by improving match rates and estimated time of arrivals (ETAs), while opening up more ways to use it at airports, during leisure activities, and for daily commutes. On the self-driving front, Pitz sees Uber as an AV winner. The company now works with more than 15 AV partners and plans to launch shared AV rides by 2026. These steps are already boosting usage in cities like Austin, where Uber sees steady demand. Importantly, BMO finds Uber's valuation compelling. With shares trading at 19x next-twelve-month (NTM) EBITDA, the stock is below its two-year forward average of 21x and significantly under the high end of 27x. That suggests meaningful upside potential if Uber continues to execute across global and autonomous growth areas. What Is the Prediction for UBER Stock? Overall, Wall Street is bullish on Uber Technologies' prospects, with a Strong Buy consensus rating based on 29 Buys and four Holds. The average UBER stock price target of $98.61 implies about 16.98% upside potential.
Yahoo
4 days ago
- Business
- Yahoo
Jim Cramer Says Uber Technologies (UBER) 'Stock Can Go Much Higher Over Multiple Years'
We recently published a list of . In this article, we are going to take a look at where Uber Technologies, Inc. (NYSE:UBER) stands against other stocks that Jim Cramer discusses. A caller asked Cramer's thoughts on Uber Technologies, Inc. (NYSE:UBER). In response, he said: 'I'm thinking that even though Uber's up 45% for the year, you ain't seen nothing yet. I think the stock can go much higher over multiple years.' A close up view of a hand holding a smartphone, using a ride sharing app. Uber Technologies (NYSE:UBER) develops technology used in transportation, delivery, and freight. The company connects users to ride services, supports merchants with order delivery, and runs a logistics network for shippers and carriers. Optimist Fund stated the following regarding the company in its Q1 2025 investor letter: 'Uber Technologies, Inc. (NYSE:UBER) – Uber posted its strongest quarter yet, with gross bookings rising 18% year-over-year to $44.2 billion and revenue growing 20% to $12.0 billion. Adjusted EBITDA jumped 44% to $1.8 billion, fueled by record demand across both Mobility and Delivery, while free cash flow reached $1.7 billion. Exceeding its three-year financial targets, the company heads into 2025 with accelerating momentum and emerging upside from autonomous vehicles. Uber's growing free cash flow profile is attracting broader investor attention—including a recent investment from renowned value investor Bill Ackman. Our investment thesis remains intact.' Overall, UBER ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
5 days ago
- Business
- Yahoo
Jim Cramer Says Uber Technologies (UBER) 'Stock Can Go Much Higher Over Multiple Years'
We recently published a list of . In this article, we are going to take a look at where Uber Technologies, Inc. (NYSE:UBER) stands against other stocks that Jim Cramer discusses. A caller asked Cramer's thoughts on Uber Technologies, Inc. (NYSE:UBER). In response, he said: 'I'm thinking that even though Uber's up 45% for the year, you ain't seen nothing yet. I think the stock can go much higher over multiple years.' A close up view of a hand holding a smartphone, using a ride sharing app. Uber Technologies (NYSE:UBER) develops technology used in transportation, delivery, and freight. The company connects users to ride services, supports merchants with order delivery, and runs a logistics network for shippers and carriers. Optimist Fund stated the following regarding the company in its Q1 2025 investor letter: 'Uber Technologies, Inc. (NYSE:UBER) – Uber posted its strongest quarter yet, with gross bookings rising 18% year-over-year to $44.2 billion and revenue growing 20% to $12.0 billion. Adjusted EBITDA jumped 44% to $1.8 billion, fueled by record demand across both Mobility and Delivery, while free cash flow reached $1.7 billion. Exceeding its three-year financial targets, the company heads into 2025 with accelerating momentum and emerging upside from autonomous vehicles. Uber's growing free cash flow profile is attracting broader investor attention—including a recent investment from renowned value investor Bill Ackman. Our investment thesis remains intact.' Overall, UBER ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Tigress Raises Uber Price Target, Citing AV and AI Upside
Tigress Financial Partners reaffirmed its Buy rating on Uber Technologies Inc. (NYSE:UBER) on May 24 while raising its price target to $110 from $103. The firm's analysts attribute Uber's significant growth prospects to strong ridership and delivery demand, continuous innovation, and fruitful partnerships. Additionally, they point out that the company possesses a notable long-term upside catalyst in autonomous vehicle (AV) technology. Tigress noted the Go-Get 2025 event where Uber Technologies Inc. (NYSE:UBER) presented a number of growth initiatives that are intended to improve affordability, ease of use, and customization across its delivery and mobility platforms. A key factor in cutting wait times and identifying fraud was the company's implementation of artificial intelligence (AI) to enhance the connection between riders and drivers, improve pricing plans, and tailor the app experience to individual users. Tigress highlighted that Uber's recent strides in delivery and mobility have resulted in a significant rise in economic profit. The firm also pointed to Uber's expansion into fast-growing industries like advertising, travel, and service partnerships, which further supports this financial growth. While we acknowledge the potential of UBER to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Loop Capital Maintains Buy Rating on Uber (UBER), Lifts PT
On May 21, Loop Capital increased its price target for Uber Technologies, Inc. (NYSE: UBER) from $89 to $105 per share and maintained a Buy rating. The revised outlook reflects stronger earnings estimates and growing investor confidence in Uber's long-term strategic positioning, particularly within the autonomous vehicle (AV) sector. Consistently strong trip volume growth continues to drive outsized profit and free cash flow, reinforcing Uber's capacity to scale efficiently and capitalize on global mobility trends. A close up view of a hand holding a smartphone, using a ride sharing app. A key factor in the upgrade is shifting investor sentiment around the impact of autonomous technologies on Uber's core rideshare business. With leading AV providers increasingly integrating their services with Uber's platform, it is emerging as a central hub in the developing robotaxi ecosystem. This alignment strengthens Uber's positioning as a long-term beneficiary of the AV transition. Loop Capital also highlighted momentum in its delivery segment, noting that growth is accelerating beyond traditional restaurant orders. Rising order value in non-restaurant categories, improving contribution margins, and the rapid development of Uber's high-margin advertising business are all contributing to a more diversified and resilient revenue mix. These developments support Loop Capital's view that Uber Technologies, Inc. (NYSE: UBER) is strategically well-positioned to lead in multiple high-growth verticals. As the company scales both human-driven and autonomous services, it is expected to deliver significant long-term shareholder value across mobility, logistics, and digital commerce platforms. While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about this . READ NEXT: and . Disclosure: None Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
