From Yahoo Finance: 2025-05-20 16:11:00

J.P. Morgan analyst Doug Anmuth reiterated a Buy rating on Uber Technologies, Inc. and raised the price target to $105 from $92. The company has signed multiple partnerships to advance its autonomous vehicle ambition.

Uber Technologies, Inc. is on track to grow Gross Bookings by mid-high teens, maintain 30% to 40% EBITDA growth, and achieve 90% conversion of EBITDA to free cash flow through 2026.

In the fiscal first quarter of 2025, Uber grew Gross Bookings by 14% to $42.8 billion and adjusted EBITDA by 35% to $1.9 billion. The company is expected to continue delivering strong, profitable growth.

Anmuth sees Uber’s autonomous vehicle narrative improving, with successful launches in Austin with Alphabet Inc.’s Waymo. Launches in Atlanta are also projected.

Uber is becoming a valuable partner for autonomous vehicle technology providers, with industry partnerships with May Mobility, Momenta, WeRide, and Pony AI. The company still has a long road ahead but shows promise.

Analysts believe in the potential of Uber as an investment but suggest some AI stocks may offer greater promise for higher returns with limited downside risk. Check out their report for more information.



Read more at Yahoo Finance: J.P. Morgan Sees Long-Term Growth For Uber Technologies (UBER), Reiterates Buy Rating