Uber Technologies (UBER) stock has fallen 1.0% over the past week but gained 4.5% in the last month, leaving it down 3.4% over the past 12 months. Wall Street’s analysts are strongly bullish, forecasting a move toward an average 12‑month price target of $105.59, implying meaningful upside from the last closing price of $73.89.
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Analyst Ronald Josey of Citi reiterated his Buy rating on Uber on March 23, 2026, and set a price target of $110, pointing to an expected share price return of about 48.9% from current levels. His view supports the Strong Buy consensus and underscores that many professionals see Uber’s current price as an attractive entry point rather than a warning sign.
Josey argues that Uber’s aggressive strategy in autonomous vehicles is a key driver of this optimism, as the company aims to become the largest facilitator of AV trips globally by 2029. By his estimates, Uber could be testing or operating AVs in 18 cities worldwide by the end of 2026, up from 15 previously announced, with the pace of launches expected to accelerate from 2027 onward.
Recent partnerships with NVIDIA, Zoox, Nissan and Wayve, Motional, WeRide, Baidu, and Rivian highlight how Uber is building a broad AV ecosystem. Many of these collaborations are expected to begin testing in the second half of 2026 and ramp in 2027, with NVIDIA-linked deployments targeted for 28 cities by 2028 and Rivian-backed expansion to 25 cities by 2031, while WeRide could reach 15 cities through 2030.
Josey also notes that AI and falling hardware costs are making AV rollouts cheaper and faster, with some vehicles now costing around $40,000–$45,000 to produce. He highlights that AV rides on Uber in cities like Austin and Atlanta are already completing 30% more trips per vehicle per day and delivering 25% shorter wait times than some rivals, reinforcing his view that as AV initiatives and core Mobility and Delivery businesses scale profitably, Uber’s shares have room to re‑rate higher.
This N-star analyst ranks 3145 out of 12068 on TipRanks, with a 46.80% success rate and an average return of 3.2% per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.