UBS and Wells Fargo Raise PT on Uber Technologies, Inc. (UBER)

Uber Technologies, Inc. (NYSE:UBER) is included in our list of the 11 Hot Software Stocks to Buy Now.

On August 7, 2025, UBS raised its price target on Uber Technologies, Inc. (NYSE:UBER) to $117 from $115, maintaining a ‘Buy’ rating. On the same day, Wells Fargo decreased its price target on UBER from $120 to $119, maintaining an ‘Overweight’ rating.

UBS’s price target increase is driven by Uber Technologies, Inc. (NYSE:UBER)’s stronger-than-expected growth in both mobility and delivery, steady trip gains, and favorable delivery pricing trends. Additionally, the company’s strong financial health, particularly $5.23 billion in EBITDA, caught analysts’ attention.

Meanwhile, Wells Fargo’s price target reduction reflects its reduction of the 2026 EBITDA forecast by 1% due to higher investments. Yet, the investment firm projects a strong growth outlook for Uber Technologies, Inc. (NYSE:UBER), driven by promising early results from the company’s Austin partnership with Waymo. Its partnership with Waymo is experiencing strong vehicle deployments, which are outpacing forecasts and boosting volumes without eroding existing business. Furthermore, Trendyol Go is expected to add $620 million in Q3 gross bookings.

Uber Technologies, Inc. (NYSE:UBER) is known for its global mobility, delivery, and freight platform, connecting riders, drivers, consumers, and couriers. It is included in our list of the hot stocks to buy.

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: 13 Best Oil Refinery Stocks to Buy Right Now and 7 Best Potash Stocks to Buy According to Analysts.

Disclosure: None.