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.
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.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
