Justin Post, an analyst from Bank of America Securities, maintained the Buy rating on Uber Technologies. The associated price target remains the same with $115.00.
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Justin Post has given his Buy rating due to a combination of factors including Uber’s strong mobility performance and positive outlook for autonomous vehicles (AV). The company is expected to slightly exceed market expectations for bookings and revenue in the third quarter, driven by robust mobility data and a promising AV strategy. Uber’s anticipated city launches and a comprehensive 2026 AV rollout schedule are seen as significant growth drivers.
Additionally, industry data supports a strong growth trajectory, with increased online transit and restaurant sales. Uber’s acquisition of Trendyol Go and strength in U.S. eCommerce further bolster its delivery segment. Despite a notable rise in share price, Uber’s valuation remains attractive compared to historical averages and peers, with potential catalysts such as new AV partnerships and cost benefits from legislative changes enhancing its investment appeal.
Post covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Alphabet Class C. According to TipRanks, Post has an average return of 24.0% and a 69.42% success rate on recommended stocks.
In another report released on October 24, Mizuho Securities also maintained a Buy rating on the stock with a $124.00 price target.