We recently compiled a list of 10 High Growth Technology Stocks That Are Profitable. Uber Technologies, Inc. tops our list for being one of the high growth stocks.
TheFly reported on January 30 that BofA Securities analyst Justin Post reduced UBER’s price target to $93 from $96 and reiterates a Buy rating. Post considers the uncertainties surrounding autonomous vehicles to be a near-term overhang, and the revision reflects this impact on valuation. He did point out that steady revenue growth, better margins in 2025, and a stabilized AV outlook would eventually support valuation expansion.
Uber Technologies, Inc. (NYSE:UBER) announced the creation of AV Labs earlier on January 27. AV Labs is an internal team dedicated to using real-world data to further the development of autonomous vehicles. By creating a massive data flywheel that records uncommon and intricate driving situations seen in real-world operations, the team intends to tackle one of autonomy’s major problems. According to UBER, AV Labs will transform these edge-case occurrences into superior training data, facilitating faster learning for autonomous systems and advancing the autonomy ecosystem as a whole.
Uber Technologies, Inc. (NYSE:UBER) is a global technology platform that connects users to rides, food delivery, and freight services. It operates worldwide and has expanded into logistics, transit, and advertising, achieving its first annual operating profit in 2023.
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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