5 Best Stocks to Buy Now for the Next 3 Months

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

Upside Potential: 51.75%

Number of Hedge Fund Holders: 153

Uber Technologies, Inc. (NYSE:UBER) is widely held by hedge funds and is one of the best stocks to buy now for the next 3 months.

Uber Technologies, Inc. (NYSE:UBER) is investing in robotaxis as it believes it is the future of convenience. On June 3, Reuters reported that Uber committed around $500 million in self-driving startup Nuro. This deal could shape Uber’s long-term business model as a platform for the robotaxi industry. As per the report, the initial investment includes a $203 million funding round, valuing Nuro at around $6 billion. The round will be followed by a larger follow-on investment along with milestone-linked funding.

The deal involves a partnership with Nuro and Lucid to deploy nearly 35,000 robotaxis using Lucid’s Gravity SUVs, Nuro’s autonomous technology, and Uber’s platform. Uber is already working on a similar strategy with Waymo in select U.S. cities and through collaborations with Baidu, Rivian, and Wayve. On June 1, Uber announced a partnership with Autobrains and Nvidia to launch a robotaxi program in Munich. Similarly, the company plans to double its fleet of electric motorcycles in Kenya by the end of 2026, as per Bloomberg. The EV bikes are expected to more than double from 2,500 to 5,000.

Of 56 analysts covering UBER, 49 rate the stock Buy, 6 Hold, and 1 Sell. The average price target of $106.80 implies an upside of almost 52%.

Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company that focuses on ride-hailing, courier services, food delivery, and freight transport.

While we acknowledge the potential of UBER to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Starter Stock Portfolio: 14 Safe Stocks to Buy Now and 40 Most Popular Stocks Among Hedge Funds Heading Into 2026.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.