Bank of America Securities Reiterates a Buy Rating on Uber Technologies (UBER), Sets a $119 PT

Uber Technologies, Inc. (NYSE:UBER) is one of the best large cap stocks to invest in for the long term. On November 23, Bank of America Securities analyst Justin Post reiterated a Buy rating on Uber Technologies, Inc. (NYSE:UBER), setting a $119 price target.

Can Uber’s (UBER) Booking Momentum Offset Profitability Pressure? Goldman Stays Constructive

The company announced its fiscal Q3 2025 results on November 4, reporting that trips in the quarter grew 22% year-over-year to 3.5 billion, driven primarily by a 17% year-over-year growth in Monthly Active Platform Consumers and monthly Trips per MAPC growth of 4% year-over-year. Revenue also rose 20% year-over-year to $13.5 billion, and 19% on a constant currency basis, while gross bookings underwent a 21% year-over-year growth to $49.7 billion.

Management reported that the company’s growth in fiscal Q3 marked one of the largest trip-volume growth in history, and Uber Technologies, Inc. (NYSE:UBER) is building on this momentum by leaning into its local commerce strategy and employing the potential of autonomy and AI.

In addition, Uber Technologies, Inc. (NYSE:UBER) anticipates gross bookings in the range of $52.25 billion to $53.75 billion for fiscal Q4 2025, reflecting growth of 17% to 21% year-over-year on a constant currency basis. The company’s outlook also assumes an approximately 1 percentage-point currency tailwind to the total reported year-over-year growth.

Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company’s operations are divided into Delivery, Mobility, and Freight. The Delivery segment allows users to order food, while the Mobility segment provides access to Mobility Drivers who provide rides in various vehicles. The Freight segment connects Carriers and Shippers.

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 this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.