Cantor Fitzgerald Keeps Overweight Rating on UBER After Q2 Results

Uber Technologies, Inc. (NYSE:UBER) is one of the 9 Best NYSE Stocks to Buy According to Hedge Funds. On August 7, Cantor Fitzgerald reiterated its Overweight rating on Uber Technologies, Inc. (NYSE:UBER) with a price target of $106.

This decision came after the company reported Q2 2025 results. Uber Technologies, Inc. (NYSE:UBER) saw Gross Bookings grow 17% year-over-year, reaching $46.8 billion. For Q3 2025, the company expects Gross Bookings to grow between 17% to 21% compared to the same period last year on a constant currency basis.

A close up view of a hand holding a smartphone, using a ride sharing app.

Uber Technologies, Inc. (NYSE:UBER) also experienced strong growth in its Adjusted EBITDA, which grew 35% year-over-year to $2.1 billion in Q2 2025. For Q3 2025, the company projects Adjusted EBITDA to be between $2.19 billion and $2.29 billion, representing growth of 30% to 36% compared to last year.

Cantor Fitzgerald updated its estimates for Uber Technologies, Inc.’s (NYSE:UBER) fiscal year 2026, raising its estimates for bookings by 3% and EBITDA by 1%. The firm believes that product initiatives and positive pricing trends will help the company maintain rides growth in the second half of the year.

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

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