#4 - Uber Technologies (NYSE:UBER)
Uber Technologies Inc. (NYSE: UBER) is up approximately 200% in the two years ending December 2, 2024. The stock’s gains are due, in part, to increased demand for the ride-hailing company’s services. This is confirmed by revenue that has grown sequentially and year-over-year in that time.
However, autonomous technology is likely to play a significant role in the company’s future. The company says it is positioned as the platform partner of choice for many AV companies.
For example, General Motors has announced plans to deploy some of its Cruise AVs on the Uber platform in the first half of 2025. That comes on the heels of an October 2024 announcement of Uber’s multiyear strategic partnership with Avride to deploy Avride’s delivery robots and autonomous vehicles with Uber and Uber Eats.
Despite its two-year run-up, analysts have a $90.51 price target on UBER stock. That’s a 23% gain from the stock’s December 2, 2024 stock price. And Tigress Financial gives the stock a price target that’s nearly 15% higher at $103.
About Uber Technologies
Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.
Read More - Current Price
- $64.96
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 32 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $91.53 (40.9% Upside)
