UBS Maintains Buy Rating On Uber (UBER) Citing Near-Term Margin Concerns, Gross Bookings Forecasts

Uber Technologies Inc. (NYSE:UBER) is one of the stocks that should double by 2030. On February 2, UBS lowered the firm’s price target on Uber to $111 from $122 while maintaining a Buy rating.

Earlier on January 30, Bank of America Securities lowered Uber’s price target to $93 from $96 while maintaining a Buy rating. The firm identified ongoing uncertainty regarding autonomous vehicles as a short-term pressure on the company’s valuation. However, BofA noted that consistent revenue growth, improved 2025 margins, and a more predictable autonomous vehicle landscape should eventually drive valuation growth.

Earlier on January 6, BofA Securities maintained its Buy rating on Uber Technologies Inc. (NYSE:UBER) with a $119 price target, emphasizing the company’s advantage in the AV market. The firm highlighted Uber’s collaboration with Nvidia as a vital partnership that could accelerate the implementation of Level 4 autonomous tech. BofA suggested that if multiple manufacturers develop Level 4 vehicles, Uber would benefit from increased opportunities to integrate these cars into its network, while also allowing private AV owners to generate income through the Uber platform.

Uber Technologies Inc. (NYSE:UBER) develops and operates proprietary technology applications in the US, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It has three segments: Mobility, Delivery, and Freight.

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