Uber Technologies, Inc. (NYSE:UBER) is one of the best major stocks to invest in right now. 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 supports its bullish outlook.
However, Wolfe Research lowered the price target on Uber Technologies, Inc. (NYSE:UBER) to $110 from $125 on January 5 and maintained an Outperform rating on the shares. The firm told investors that it believes 2026 to be another positive year for Internet stocks. However, it added that as much outperformance as the last three years might not be possible, provided the current, elevated multiples for some of the firm’s coverage.
Wolfe added that it sees opportunities for estimates upside, driven primarily by a relatively healthy macro backdrop, AI developments and product catalysts, pockets of re-rating potential, and successful capital allocation. The same day, Uber Technologies, Inc. (NYSE:UBER) was downgraded to Sell from Hold by Melius Research with a price target of $73.
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.
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Disclosure: None. This article is originally published at Insider Monkey.
