This is What The Street Thinks About Uber Technologies (UBER)

Uber Technologies, Inc. (NYSE:UBER) is one of the best long term growth stocks to buy according to hedge funds. On January 9, Mizuho Securities reaffirmed a Buy rating on Uber Technologies, Inc. (NYSE:UBER) with a price target of $130. However, Cantor Fitzgerald cut the price target on the stock to $99 from $108 on January 8 and maintained an Overweight rating on the shares, telling investors that the outlook for the Global Internet stocks into 2026 is increasingly positive despite lingering macro concerns.

This, according to the firm, is supported by AI entering a “Synergy” phase expected to drive improved value capture, accelerating revenue growth, and clearer long-term returns on capex. Cantor added that the group is well positioned to outperform in 2026 in a backdrop featuring improving sentiment and positive estimate revisions, with valuations still around  20% below medium-term ranges despite 2025 outperformance.

In another development, Uber Technologies, Inc. (NYSE:UBER) received rating updates from Jefferies and BofA on January 6. Both maintained a Buy rating on the stock, with Jefferies maintaining a $120 price target and BofA reiterating a price target of $119. Jefferies anticipates durable Mobility growth and progress in the company’s AV partnerships, which support its bullish outlook.

These rating updates came the same day Uber Technologies, Inc. (NYSE:UBER), along with Lucid Group, Inc. and Nuro, Inc., revealed on January 5 the production intent vehicles to be used in their global robotaxi service. They introduced for the first time the Uber-designed in-cabin rider experience at the Consumer Electronics Show (CES) 2026, and also announced that autonomous on-road testing began last month. This marked a notable milestone in the development and validation of the robotaxi service ahead of its anticipated launch in the San Francisco Bay Area later this year.

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.