Uber: Broad-Based Growth, Emerging Market Momentum, and Autonomous Vehicle Upside Support Reiterated Buy and $110 Target

Ronald Josey, an analyst from Citi, reiterated the Buy rating on Uber Technologies. The associated price target was lowered to $110.00.

Ronald Josey has given his Buy rating due to a combination of factors that point to durable, broad-based growth for Uber across both Mobility and Delivery. He highlights the strong expansion in monthly active platform consumers, which rose at a high-teens rate, as evidence that user engagement and cohort quality are improving, supporting sustained gains in gross bookings. He also notes that less densely populated, or “sparser,” markets are becoming a more important growth engine, contributing a meaningful share of trips and profits while growing significantly faster than mature urban markets. This geographic and use-case diversification, together with better retention and higher frequency among newer riders and eaters, underpins his confidence in the company’s core demand trends.

In addition, Josey emphasizes that Uber’s outlook for 2026 is improving, with expectations for faster growth in U.S. trips and gross bookings driven by a relatively stable pricing environment, easing insurance cost pressures, and a larger pool of drivers and couriers. He views the company’s autonomous vehicle strategy as a key upside lever, with plans to deploy AV services in numerous cities by year-end showcasing Uber’s ability to integrate self-driving technology within a hybrid network of human and autonomous drivers. As this AV roadmap becomes clearer and begins to scale, he believes it will reinforce Uber’s competitive positioning and margin potential. Taken together, these strong fundamentals and strategic initiatives justify his reiterated Buy rating and support his target price adjustment to $110 per share.

In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $150.00 price target.

Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UBER in relation to earlier this year.