Piper Sandler Lifts UBER Price Target, Keeps Overweight Rating

Uber Technologies, Inc. (NYSE:UBER) is one of the 12 Most Owned Stocks by Hedge Funds So Far in 2025. On July 24, Piper Sandler increased its price target on Uber Technologies, Inc. (NYSE:UBER) from $95 to $103 while keeping an “Overweight” rating.

The research firm expects the company to report $46.5 billion in Gross Bookings and $2.1 billion in EBITDA in Q2 2025, both in line with broader market projections.

The research firm also raised its forecasts for Uber Technologies, Inc.’s (NYSE:UBER) 2026 Gross Bookings and EBITDA by about 1% each. This indicates growing confidence in the company’s long-term performance.

Piper Sandler highlighted consumer resilience as a positive sign for the company. The firm also noted that foreign exchange rates are serving as a tailwind for Uber Technologies, Inc. (NYSE:UBER).

Additionally, the research firm noted Uber Technologies, Inc.’s (NYSE:UBER) efforts focused on affordability, which could help the company attract and retain customers in competitive markets.

Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company focused on ride-hailing services, courier services, food delivery, and freight transport.

While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.