Cantor Fitzgerald Raises PT on Uber (UBER) to $106 From $96, Keeps an Overweight Rating

Uber Technologies, Inc. (NYSE:UBER) is one of the 13 Best Long Term Growth Stocks to Invest in Right Now. On June 25, Cantor Fitzgerald raised the firm’s price target on Uber Technologies, Inc. (NYSE:UBER) to $106 from $96, keeping an Overweight rating on the shares. The firm acknowledged that the near-term drivers of the company’s share price performance include autonomous vehicle developments from Waymo, Tesla, and other third-party partners.

However, it also stated that the primary focus in regard to the fundamentals remains on Uber Technologies, Inc.’s (NYSE:UBER) ability to sustain rides and bookings growth in the core mobility business.

Cantor further stated that Uber Technologies, Inc. (NYSE:UBER) holds “plenty of irons in the fire” to support and sustain mobility rides growth. The firm exhibited increasing confidence in Tesla’s recent Robotaxi rollout in limited scope, stating that autonomous vehicle volumes are likely to take a number of years before they begin to exert a notable weight in the rideshare industry.

Uber Technologies, Inc. (NYSE:UBER) is a multinational transportation company that offers ride-hailing services, courier services, food delivery, and freight services.

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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