11 Most Promising Future Stocks According to Hedge Funds

Page 6 of 10

5. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 166

Uber Technologies, Inc. (NYSE:UBER) operates a leading technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. It is also pioneering the global use of autonomous vehicles. On May 2, the company announced a collaboration with the Chinese self-driving startup Momenta to launch robotaxi services outside China and the US. The first release is planned for early 2026 in Europe, and the partnership aims to make autonomous rides more affordable and reliable globally.

Uber Technologies, Inc. (NYSE:UBER) also announced a new multi-year strategic partnership with May Mobility to deploy thousands of AVs on its platform over the next few years. The initial launch is planned for the end of 2025 in Arlington, Texas.

In a report released on April 22, Justin Post from Bank of America Securities reiterated a Buy rating on Uber Technologies, Inc. (NYSE:UBER) and set a price target of $95.00. The analyst said that the overall gig economy is favorably viewed in the broader internet sector, and Uber Technologies, Inc.’s (NYSE:UBER) operations in that sector support the Buy rating.

Page 6 of 10