Goldman Sachs analyst Eric Sheridan has reiterated their bullish stance on UBER stock, giving a Buy rating yesterday.
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Eric Sheridan has given his Buy rating due to a combination of factors including Uber’s strong performance in its Q2’25 earnings report. The company demonstrated solid topline trends and forward momentum in user and rides growth, as well as platform initiatives. Uber’s focus on scaling its Delivery platform and enhancing cross-platform usage, particularly after the promotion of a new COO, was highlighted as a positive development.
Additionally, Uber’s Mobility growth and profits aligned with expectations, with management emphasizing the importance of autonomous vehicles (AVs) as part of their long-term strategy. The Delivery segment showed robust growth, driven by increased membership, grocery and retail contributions, and record frequency. Furthermore, Uber’s commitment to capital returns, exemplified by a $20 billion stock buyback authorization, was noted as a significant factor in the Buy rating.
In another report released yesterday, Bernstein also reiterated a Buy rating on the stock with a $110.00 price target.
UBER’s price has also changed moderately for the past six months – from $69.990 to $89.220, which is a 27.48% increase.