Here’s What Wall Street Thinks About Uber Technologies (UBER)

Uber Technologies, Inc. (NYSE:UBER) is one of the Undervalued Stocks with Biggest Upside Potential. Uber Technologies, Inc. (NYSE:UBER) has been expanding its autonomous vehicle footprint with strategic partnerships and launches around the world. As a result, Wall Street maintains a Bullish sentiment on the stock.

Recently, on December 12, Brad Erickson from RBC Capital reiterated a Buy rating on the stock with a $110 price target. Earlier on December 10, Lloyd Walmsley from Mizuho Securities reiterated a Buy rating on the stock with a $130 price target.

Analyst Erickson of RBC Capital noted that they maintained their bullish sentiment following a meeting with the company’s CFO. The analyst noted that Uber Technologies, Inc. (NYSE:UBER) remains committed to its autonomous vehicle by maintaining its competitive edge through its partnership and financing strategy. Moreover, the firm also indicated increased market expansion for Uber through partnerships in 2026.

Similarly, Lloyd Walmsley of Mizuho also noted the autonomous vehicle strategy of the company as one of the key reasons behind his Buy rating. The analyst noted that Uber Technologies, Inc. (NYSE:UBER) continues to believe that autonomous driving will eventually come up as a safer and cheaper mode of communication, particularly in labor-expensive markets including the United States and the United Kingdom. Moreover, the analyst also likes the company’s expanded partnerships with key players including Waymo, WeRide, and PonyAI. He believes that these collaborations position the company in an emerging market.

That said, Uber Technologies, Inc. (NYSE:UBER) on December 12, launched autonomous robotaxi rides in Dubai. The service was launched in collaboration with WeRide and aligns with Dubai’s Self-Driving Transport Strategy to achieve 25% autonomous journeys by 2030.

Uber Technologies Inc. (NYSE:UBER) is a global technology platform that connects consumers with transportation, delivery, and logistics services. The company operates through its Mobility, Delivery, and Freight segments, offering ride-hailing, meal delivery, and freight brokerage solutions.

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