Citizens JMP Confirms Market Perform Rating on Uber Technologies (UBER)

Uber Technologies, Inc. (NYSE:UBER) is placed 5th on our list of the best stocks to buy. On August 25, Citizens JMP kept its Market Perform rating on Uber, maintaining its outlook for the company. This comes as the autonomous vehicle market develops, with major players like Alphabet’s Waymo hovering near its 52-week high.

The firm’s analysts see Apollo Go as Waymo’s closest international competitor in the autonomous vehicle market, making it an important player in the global self-driving technology industry.

Citizens JMP anticipates that Uber will work more closely with Apollo Go to bring autonomous vehicles to the Middle East. This potential partnership would be an important step in expanding Uber’s self-driving technology internationally. The firm also believes that Uber’s partnership with Apollo Go could grow past the Middle East into other global markets.

Citizens JMP did not alter Uber’s price targets and stressed on the company’s plans for autonomous vehicles and global partnerships.

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: Dow 20 Stocks List: Ranked By Hedge Fund Bullishness Index and 10 Unstoppable Dividend Stocks to Buy Now.

Disclosure. None.