Bank of America Securities Reiterates a Buy Rating on Uber Technologies (UBER), Sets a $119 PT

Uber Technologies, Inc. (NYSE:UBER) is one of the best large cap stocks to invest in for the long term. On November 23, Bank of America Securities analyst Justin Post reiterated a Buy rating on Uber Technologies, Inc. (NYSE:UBER), setting a $119 price target.

The company announced its fiscal Q3 2025 results on November 4, reporting that trips in the quarter grew 22% year-over-year to 3.5 billion, driven primarily by a 17% year-over-year growth in Monthly Active Platform Consumers and monthly Trips per MAPC growth of 4% year-over-year. Revenue also rose 20% year-over-year to $13.5 billion, and 19% on a constant currency basis, while gross bookings underwent a 21% year-over-year growth to $49.7 billion.

Management reported that the company’s growth in fiscal Q3 marked one of the largest trip-volume growth in history, and Uber Technologies, Inc. (NYSE:UBER) is building on this momentum by leaning into its local commerce strategy and employing the potential of autonomy and AI.

In addition, Uber Technologies, Inc. (NYSE:UBER) anticipates gross bookings in the range of $52.25 billion to $53.75 billion for fiscal Q4 2025, reflecting growth of 17% to 21% year-over-year on a constant currency basis. The company’s outlook also assumes an approximately 1 percentage-point currency tailwind to the total reported year-over-year growth.

Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company’s operations are divided into Delivery, Mobility, and Freight. The Delivery segment allows users to order food, while the Mobility segment provides access to Mobility Drivers who provide rides in various vehicles. The Freight segment connects Carriers and Shippers.

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.

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