RBC Raises UBER Price Target, Keeps Outperform Rating

Uber Technologies, Inc. (NYSE:UBER) is one of the 11 Best Revenue Growth Stocks to Buy Now. On August 7, RBC Capital increased its price target for Uber Technologies, Inc. (NYSE:UBER) from $94 to $100 and kept an Outperform rating.

RBC analysts were positive about the company’s Q2 2025 results and highlighted key performance indicators in both the Mobility and Delivery segments. RBC also noted that Uber Technologies, Inc.’s (NYSE:UBER) competitive position in the US ride-hailing market has improved compared to the previous quarter.

The firm highlighted that Uber Technologies, Inc. (NYSE:UBER) is using autonomous vehicles (AVs) more strongly, with comments from partners supporting the idea that the company is gaining an advantage in the AV space.

RBC also slightly increased its estimates for Uber Technologies, Inc. (NYSE:UBER) and highlighted the company’s newly authorized $20 billion share buyback program as an indication that management is confident in the company’s future prospects.

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

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