Uber Technologies, Inc. (NYSE:UBER) is one of the best forever stocks to buy now. On March 17, analysts at BTIG reiterated a Buy rating on Uber Technologies, Inc. (NYSE:UBER) with a $100 price target. The positive stance underscores the research firm’s confidence in the company’s growth prospects, given its inking of several autonomous vehicle partnerships.
According to BTIG, the strategic autonomous partnerships strengthen Uber Inc.’s position in the rideshare business as it eyes opportunities in the robotaxi market. The company has already inked a deal with Nvidia as it looks to launch autonomous vehicles in 28 cities by 2028.
NVIDIA’s collaboration is to leverage Uber’s network in Los Angeles and San Francisco by 2027. It has already launched a robotaxi service with Motional in Las Vegas. It has also teamed up with Zoox to deploy purpose-built autonomous vehicles in Las Vegas this summer.
BTIG expects Uber’s rideshare EBITDA to grow by high single digits through 2030 as it deploys 150,000 autonomous vehicles with a 50% third-party network.
Uber Technologies, Inc. (NYSE:UBER) is a technology platform that connects users with transportation and delivery services via a mobile app. Its core services include ride-hailing (connecting riders with drivers), food/grocery delivery through Uber Eats, and freight booking.
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