15 Best S&P 500 Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 147

Uber Technologies, Inc. (NYSE:UBER) operates a technology platform that uses network and technology to power movement from point A to point B. Its segments include Mobility, Delivery, and Freight.

Uber Technologies, Inc. (NYSE:UBER) revealed on March 30 that it had agreed to acquire chauffeur service platform Blacklane, as part of its push into premium and executive travel. While Uber declined to provide any financial details, Blacklane was valued at $547.32 million after a funding round in ​October 2024, ​according ⁠to PitchBook data. The deal is expected to close by the end of 2026, subject to the receipt of customary regulatory approvals and satisfaction of other customary closing conditions.

Founded in Germany in 2011, Blacklane connects guests worldwide with independent local chauffeur services via an app and web booking platform. The company operates in over 500 cities across more than 60 countries worldwide.

Dara Khosrowshahi, CEO of Uber Technologies, Inc. (NYSE:UBER), stated:

“Premium travel is one of the most exciting growth areas of Uber’s business. We want to offer the widest selection of options to meet our riders where they are: from the everyday commute to luxury rides. We’re incredibly impressed by what Blacklane has built and we’re eager to work with them to amplify how we deliver truly exceptional service to more people in cities around the world.”

Following the acquisition, Bank of America Securities reiterated its ‘Buy’ rating on Uber Technologies, Inc. (NYSE:UBER), while assigning the stock a price target of $103 (read the details here).