Cantor Fitzgerald Keeps Overweight Rating on UBER After Q2 Results

Uber Technologies, Inc. (NYSE:UBER) is one of the 9 Best NYSE Stocks to Buy According to Hedge Funds. On August 7, Cantor Fitzgerald reiterated its Overweight rating on Uber Technologies, Inc. (NYSE:UBER) with a price target of $106.

This decision came after the company reported Q2 2025 results. Uber Technologies, Inc. (NYSE:UBER) saw Gross Bookings grow 17% year-over-year, reaching $46.8 billion. For Q3 2025, the company expects Gross Bookings to grow between 17% to 21% compared to the same period last year on a constant currency basis.

Uber Technologies, Inc. (NYSE:UBER) also experienced strong growth in its Adjusted EBITDA, which grew 35% year-over-year to $2.1 billion in Q2 2025. For Q3 2025, the company projects Adjusted EBITDA to be between $2.19 billion and $2.29 billion, representing growth of 30% to 36% compared to last year.

Cantor Fitzgerald updated its estimates for Uber Technologies, Inc.’s (NYSE:UBER) fiscal year 2026, raising its estimates for bookings by 3% and EBITDA by 1%. The firm believes that product initiatives and positive pricing trends will help the company maintain rides growth in the second half of the year.

Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company that focuses on ride-hailing, 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: 11 Best Revenue Growth Stocks to Buy Now and 14 Best Aggressive Growth Stocks to Buy According to Analysts.

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