Serve Robotics Expands Autonomous Delivery Service with Uber Technologies, Inc. (UBER)'s Uber Eats; Mizuho Initiates Coverage with $130 PT and Outperform Rating

Uber Technologies, Inc. (NYSE:UBER) is one of the 13 Best Quality Stocks to Buy According to Hedge Funds, supported by hedge fund interest and significant Profit Margin.

On September 30, 2025, after previous deployments in Los Angeles, Miami, Dallas-Fort Worth, and Atlanta, Serve Robotics announced the first Midwest expansion of its autonomous delivery service in the Chicago metro region through its partnership with Uber Technologies, Inc. (NYSE:UBER)’s Uber Eats business.

Meanwhile, Mizuho began covering Uber Technologies, Inc. (NYSE:UBER) on September 29 with a target price of $130 and a “Outperform” rating, citing consistent revenue growth, margin improvement, and generation of free cash flow.

The company highlighted how Uber Technologies, Inc. (NYSE:UBER)’s multibillion-dollar buyback program helped the company transition from 2021’s negative EBIT margins to profitability.

Investor confidence in Uber Technologies, Inc. (NYSE:UBER)’s delivery automation and mobility operations has been strengthened, as evidenced by the company’s shares rising 61.95% so far this year and 29.98% over the last 12 months.

In the US, Canada, Latin America, Europe, the Middle East, Africa, and Asia Pacific, Uber Technologies, Inc. (NYSE:UBER) creates and runs proprietary technology applications that offer ride-hailing, food delivery, freight, and mobility solutions. It is one of the best quality stocks.

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: 15 Stocks That Will Benefit From AI and 14 Best IT Stocks to Buy for the Long Term.

Disclosure: None.