Harvard University Stock Portfolio: Top 10 Stock Picks

6. Uber Technologies Inc. (NYSE:UBER)

Harvard Management Company’s Stake: $64.5 Million

Number of Hedge Fund Holders: 145

Uber Technologies Inc. (NYSE:UBER) is one of the top 10 picks from Harvard University’s stock portfolio. Uber was among the three new stock positions initiated in the portfolio in Q1 2025, with it corresponding to approximately 5.7% of the portfolio’s weight.

In a note published on June 18, Bank of America analyst Justin Post reiterated a Buy rating on Uber Technologies (NASDAQ: UBER), maintaining his $97 price target. The rating reflects confidence in Uber’s strategic positioning as the autonomous vehicle (AV) landscape continues to evolve.

Post points to Uber’s established ride-hailing platform and growing set of technology partnerships as key factors that could help the company capitalize on future AV integration. While autonomous driving remains in its early deployment stage, developments such as Waymo’s expanded operations in California and its application to test in New York mark growing momentum in the space.

For Uber, these developments may offer long-term upside. Its scale and demand aggregation capabilities could make it an attractive partner for AV firms seeking to commercialize their technology. Although increased AV deployment poses a competitive risk — especially to smaller players like Lyft — Uber’s diversified network and ongoing engagement with multiple partners help reduce exposure to this risk.

Post also notes the potential for future collaborations with companies like Zoox as another positive factor. Such partnerships could enable Uber to remain flexible in its approach and integrate various technologies as the AV market matures.

In summary, the analyst views Uber as well-positioned to benefit from the ongoing shift toward autonomous mobility, with its core platform, scale, and strategic alliances providing a solid foundation for long-term growth.

Uber Technologies Inc. (NYSE: UBER) is a technology platform that utilizes its vast network, cutting-edge technology, and operational expertise to facilitate transportation and logistics services. The company offers ride-hailing, food delivery, and freight transportation, with key segments including Uber Eats for food delivery, Uber Freight for logistics, and advancements in autonomous vehicles and aerial ridesharing.