12 Best Stocks to Buy and Hold for the Long Term

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

Number of Hedge Fund Holders: 145

Uber Technologies, Inc. (NYSE:UBER) is one of the 12 Best Stocks to Buy and Hold for the Long Term. On June 18, Justin Post from Bank of America Securities maintained a Buy rating on Uber Technologies, Inc. (NYSE:UBER) with a price target of $97. The rating comes on the back of an improved outlook for the company considering its partnerships with autonomous vehicle companies and expansion in ride-hailing services.

On June 10, Uber Technologies, Inc. (NYSE:UBER) announced its partnership with Wayve to launch level 4 autonomous vehicles in London. This will be a trial launch which will focus on Level 4 driverless cars, capable of full self-driving within defined areas. The collaboration is just another instance of the company’s partnership to enable autonomous vehicles. Analyst Post highlighted Uber’s partnership with Waymo in California to test vehicles in New York. He believes these partnerships align with Uber Technologies, Inc. (NYSE:UBER)’s expansion strategy.

Moreover, the established network and diverse set of partnerships with industry leaders enables the company to mitigate risks arising from strong competition. In addition, Uber Technologies, Inc. (NYSE:UBER) continues to grow its ride-hailing platform. The number of trips for Q1 2025 grew 18% year-over-year to reach 3 billion, driven by a 14% growth in monthly active platform customers.

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