RBC Capital Bullish on Uber Technologies (UBER), Cites AV Tech Development

Uber Technologies Inc. (NYSE:UBER) is one of the most profitable large cap stocks to buy right now. On November 5, RBC Capital raised the firm’s price target on Uber to $110 from $100 and kept an Outperform rating on the shares. RBC Capital Markets noted that Uber’s Q3 2025 earnings report was mostly strong, particularly given the high expectations going into the announcement. The firm highlighted that Uber’s consistent core fundamental performance remains steady. This solid execution, combined with the promising narrative surrounding the Autonomous Vehicle/AV technology development, is positively influencing how investors evaluate the results.

On the same day, Uber released its Q3 financial results. The company achieved a 22% increase in Total Trips, which marked the company’s fastest growth rate since 2023. This performance was supported by a 21% surge in Mobility Trips. Overall Gross Bookings grew by 21%, with the average pricing remaining relatively flat. This top-line expansion resulted in the company achieving $13.47 billion in revenue, which was up 20.37% year-over-year. The company also earned $3.11 per share, which beat Wall Street estimates by $2.42.

Beyond its core ride-sharing business, Uber is expanding into new verticals. The Grocery Retail segment has reached a Gross Bookings Run Rate of ~$12 billion and is growing faster than traditional restaurant delivery. Looking ahead, Uber is investing in several areas for future growth, including AVs, local commerce, and GenAI solutions, such as the newly announced partnership with NVIDIA to create a reference architecture for AVs.

Uber Technologies Inc. (NYSE:UBER) develops and operates proprietary technology applications internationally. It operates through three segments: Mobility, Delivery, and Freight.

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: 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.