Uber Technologies, the Technology sector company, was revisited by a Wall Street analyst today. Analyst John Blackledge from TD Cowen maintained a Buy rating on the stock and has a $114.00 price target.
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John Blackledge has given his Buy rating due to a combination of factors, including his expectation of solid demand across Uber’s core businesses and strong execution on profitability. He projects first-quarter 2026 gross bookings to grow in the low‑20s percent range year over year, with both Mobility and Delivery contributing meaningfully, supported by geographic expansion, product innovation, and healthy user growth.
He also anticipates robust EBITDA growth, driven by ongoing cost efficiencies and expanding margins, even after adjusting Mobility take rates for the U.K. accounting change. In addition, he sees upside from higher Delivery monetization via new merchant fees, continued adoption of Uber One, and the scaling of Uber’s advertising and autonomous vehicle initiatives, all supporting his $114 price target and Buy recommendation.
Blackledge covers the Communication Services sector, focusing on stocks such as Netflix, Alphabet Class C, and Meta Platforms. According to TipRanks, Blackledge has an average return of 10.6% and a 55.38% success rate on recommended stocks.
In another report released on April 15, Bank of America Securities also maintained a Buy rating on the stock with a $103.00 price target.