RBC and Mizuho Stay Positive on Uber Technologies (UBER)

Uber Technologies, Inc. (NYSE:UBER) is one of the 14 Best Large Cap Stocks to Invest In Now. On December 12, RBC Capital reaffirmed its Outperform rating on Uber Technologies, Inc. (NYSE:UBER) with a $110 price target after investor meetings with the company’s CFO, US Delivery’s Senior Director of Strategic Finance, and Senior Director of Investor Relations.

RBC Capital analyst Brad Erickson said the talks left the firm feeling positive. The analyst noted that even with some higher investments in 2026, Uber Technologies, Inc.’s  (NYSE:UBER) management shared plans to “durably sustain mid to high teens growth for the foreseeable future with margin leverage.”

Discussions also touched on autonomous vehicle (AV) strategies. Uber Technologies, Inc. (NYSE:UBER) sees its financing plans as a competitive advantage. RBC Capital expects market and partner growth for AV initiatives next year. The research firm also noted that the company’s management demonstrated “open-mindedness” on capital allocation. However, share buybacks are still the main focus for now.

Earlier, on December 11, Mizuho also reiterated an Outperform rating on Uber Technologies, Inc. (NYSE:UBER) with a price target of $130. This update came after hosting the company’s CEO, Dara Khosrowshahi, as well as Bec Nyst and Dominic Taylor, APAC General Managers of Delivery and Mobility, respectively, in Japan.

Mizuho cited local press reports that show Uber Technologies, Inc. (NYSE:UBER) has announced plans for a big investment in Japan over the next five years to target what it sees as the biggest taxi market in the world. As part of its growth strategy in the region, the company is looking to tap into Japan’s relatively early adoption rates across taxi services and food delivery platforms.

Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company that focuses on ride-hailing, courier services, food delivery, and freight transport.

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