Uber Technologies (UBER) Highlights Growth and Innovation at a Recent Confernce

Uber Technologies, Inc. (NYSE:UBER) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On March 2, Uber Technologies, Inc. (NYSE:UBER) presented its strategic roadmap at the Morgan Stanley Technology, Media & Telecom Conference 2026.

The recently appointed CFO Balaji noted that they are focusing on five main pillars to balance growth and returns, backed by strong cash generation. These pillars include reinvestment in core business, strategic AV investment, high merger and acquisition bar, shareholder returns, and maintain an investment grade rating.

Management also discussed financial and growth highlights including generating $10 billion in free cash flow and returning over $6 billion to shareholders last year. In addition, Uber is experiencing increased user engagement through cross platform, as users active on multiple services delivered 3 times more gross bookings and profits as compared to single-use.

Looking ahead, management aims at Level 4 readiness for 2027 through OEM partnerships and infrastructure buildout. Moreover, the company expects that autonomous vehicles and grocery combined can add more than $20 billion gross bookings by 2029.

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. It is pioneering the introduction of autonomous vehicles to move people and goods more reliably, efficiently, and affordably.

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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