This Analyst Was Right About Uber Technologies (UBER)

We recently published Top 10 Analyst Calls on Trending Stocks You Shouldn’t Miss. Uber Technologies, Inc. (NYSE:UBER) is one of the major analyst calls.

In early May, Jamie Meyers, securities analyst at Laffer Tengler Investments, said in a program on Schwab Network that Uber was in his best ideas portfolio. Here is what he said about the company:

“Uber Technologies Inc (NYSE:UBER) is a member of our 12 best ideas portfolio, and these results were actually pretty strong in our opinion. While the company missed by less than 1% on gross bookings and revenues, the other metrics were strong. Monthly active platform customers were up 14%, gross bookings still grew 18% in constant currency. Mobility was up 20%, delivery was up 18%. So we’re actually very happy with the results. Looking forward, we saw strong, confident management on the call and we think the company is well-positioned to continue growing EBIT, continue growing cash flow, and expanding margins moving forward.”

Uber is up by 16% since the start of May.

Optimist Fund stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q1 2025 investor letter:

“Uber Technologies, Inc. (NYSE:UBER) – Uber posted its strongest quarter yet, with gross bookings rising 18% year-over-year to $44.2 billion and revenue growing 20% to $12.0 billion. Adjusted EBITDA jumped 44% to $1.8 billion, fueled by record demand across both Mobility and Delivery, while free cash flow reached $1.7 billion. Exceeding its three-year financial targets, the company heads into 2025 with accelerating momentum and emerging upside from autonomous vehicles. Uber’s growing free cash flow profile is attracting broader investor attention—including a recent investment from renowned value investor Bill Ackman. Our investment thesis remains intact.”

While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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