Uber Technologies, Inc. (NYSE: UBER) is recognized as an undervalued stock with significant upside potential due to its expansion of autonomous vehicle initiatives worldwide, leading to a bullish sentiment on Wall Street.

RBC Capital’s Brad Erickson and Mizuho Securities’ Lloyd Walmsley reiterated Buy ratings on UBER with price targets of $110 and $130, respectively, highlighting the company’s commitment to autonomous vehicles and strategic partnerships.

Analysts note UBER’s focus on autonomous driving as a key driver for growth, with partnerships with companies like Waymo and WeRide positioning the firm in an emerging market. UBER’s recent launch of autonomous robotaxi rides in Dubai aligns with the city’s Self-Driving Transport Strategy.

Uber Technologies operates globally, connecting consumers with transportation, delivery, and logistics services through its Mobility, Delivery, and Freight segments, offering ride-hailing, meal delivery, and freight brokerage solutions.

While UBER shows investment potential, some analysts believe other AI stocks offer greater upside potential and lower downside risk. For more information on an undervalued AI stock, see the free report on the best short-term AI stock.

Read more at Yahoo Finance: Here’s What Wall Street Thinks About Uber Technologies (UBER)