Analyst Explains Why He's Buying Uber Technologies (UBER)

We recently published Top 10 Stocks to Watch After Federal Reserve’s Rate Cut. Uber Technologies, Inc. (NYSE:UBER) is one of the stocks analysts were recently talking about.

Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners, explained a program on CNBC late July why he piled into Uber shares. Here is what the analyst said:

“I think they’ve definitely got the pole position in autonomous and robo taxis, much more so than Tesla.They’ve got the right cost profile because they’re not picking up the cost. Waymo is. So, I think they’ll do quite well in the earnings because even though prices have gone up, you know, from what I’m hearing, demand hasn’t suffered. So, it all adds up to put up a good quarter.”

Brown Advisory Large-Cap Growth Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its second quarter 2025 investor letter:

“Uber Technologies, Inc. (NYSE:UBER), a global mobility platform, delivered a solid quarter, demonstrating continued strength in its core rideshare and delivery businesses. The company reported healthy growth in trips and bookings, with robust demand and expanding margins. While the stock has experienced some volatility over the last several quarters due to concerns about competition from potential autonomous vehicle offerings, especially from Tesla, Uber’s business remains resilient, with no signs of a consumer slowdown and international markets performing especially well. The partnership with Waymo in Austin is also off to a strong start, exceeding expectations. Management remains focused on both innovation and operational excellence, while ongoing share repurchases reflect their confidence in Uber’s long-term outlook.”

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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