Bank of America Securities analyst Justin Post has reiterated their bullish stance on UBER stock, giving a Buy rating today.
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Justin Post has given his Buy rating due to a combination of factors tied to Uber’s strategic positioning in autonomous vehicles (AV) and its valuation. He emphasizes that Nvidia’s expanding Level 4 AV platform, including advanced simulation tools and open datasets, should lower development hurdles for multiple automakers, broadening the pool of AV suppliers that could partner with Uber. As more OEMs bring L4 vehicles to market, Uber can both acquire and lease AV fleets more efficiently, and potentially enable individual AV owners to earn income via its network, enhancing Uber’s long‑term platform economics.
In addition, Post highlights the progress of Uber’s collaboration with Lucid and Nuro, with premium robotaxi prototypes already testing on public roads and a targeted San Francisco launch in 2026, which he views as a potential share price catalyst despite near‑term losses at low scale. He also notes that the recent stock pullback, driven by investor worries about competitive AV rollouts from players like Waymo and Tesla, has left Uber trading at about 15x his 2027 free cash flow estimate, only modestly above prior trough multiples. Given expected bottom‑line growth above 25% over the next two years, he sees room for valuation multiple expansion toward 20x free cash flow, making the current share price an attractive entry point and supporting his Buy recommendation.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $120.00 price target.