In a report released today, Brian Pitz from BMO Capital maintained a Buy rating on Uber Technologies, with a price target of $106.00.
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Brian Pitz has given his Buy rating due to a combination of factors tied to Uber’s strategic positioning and growth prospects. He highlights that acquiring Getir’s delivery operations in Türkiye gives Uber an immediate scale advantage in a large, underpenetrated market, adding over $1B in gross bookings, tens of thousands of partners, and millions of users while securing leadership in a key international delivery region.
He also emphasizes that Uber’s global dominance in both ride-hailing and food delivery, combined with strong cross-selling across its platform, positions the company to capture a larger share of consumer spending over time. In addition, he sees meaningful upside to profitability as Uber layers in higher-margin revenue streams such as advertising, which should enhance returns on its expanding demand-aggregation footprint ahead of autonomous vehicle adoption in markets like Türkiye and beyond.
Pitz covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Take-Two. According to TipRanks, Pitz has an average return of 12.4% and a 61.20% success rate on recommended stocks.
In another report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $105.00 price target.