Here Is What Analysts Are Saying About Uber Technologies, Inc. (UBER)

Uber Technologies Inc. (NYSE:UBER) is among the 14 Best Big Name Stocks to Invest in Right Now. On October 3, Wells Fargo analyst Ken Gawrelski cut the stock’s price target to $125 from $127, while maintaining an Overweight rating for its shares.

The analyst expects the transportation company to report healthy and steady delivery and mobility volumes in the third quarter, and anticipates more of the same in Q4. Gawrelski sees volumes as vital to preventing investor concerns related to ride saturation and autonomous vehicles (AV) competition.

Late last month, Mizuho initiated coverage of Uber Technologies Inc. (NYSE:UBER) with an Outperform rating and announced a price target of $130 for its shares. According to a report on TheFly on September 29, the firm described the stock as a multi-year contender, projecting a CAGR of 25% for GAAP EPS, 15% for revenue, and 16% for gross profit from 2025 to 2028.

Moreover, Mizuho also added that it sees Uber Technologies Inc. (NYSE:UBER) as a leader in the global gig economy with a strong competitive position, robust profitability, and free cash flow-through, high standards of management and culture, and a disciplined capital return policy. The analyst also noted that there is enough room still to sustain healthy gross bookings growth over the long term.

Overall, Wall Street analysts have an optimistic outlook for Uber Technologies, Inc. (NYSE:UBER), with a consensus Buy rating and an average share price upside potential of 14.81% as of the close on October 15.

Uber Technologies, Inc. (NYSE:UBER) is an American transportation company that provides ride-hailing services, food delivery, courier services, and freight facilities.

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