RBC Capital Reaffirms a Buy Rating on Uber Technologies (UBER)

Uber Technologies, Inc. (NYSE:UBER) is one of the most profitable NYSE stocks to buy right now. RBC Capital analyst Brad Erickson reaffirmed a Buy rating on Uber Technologies, Inc. (NYSE:UBER) on December 12 and set a $110 price target.

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

The same day, Uber Technologies, Inc. (NYSE:UBER) announced the official launch of Robotaxi passenger rides in Dubai on the Uber app in partnership with Dubai’s Roads and Transport Authority (RTA). The company reported that starting on December 12, WeRide Robotaxis will be available on the Uber app to all riders in locations across Umm Suqeim and Jumeirah, which mark two of the most popular tourist zones near public beaches in Dubai.

The  ‘Autonomous’ option on the Uber app can help riders book and be matched to a WeRide Robotaxi. The main fleet operator for WeRide vehicles on the Uber platform will be Tawasul and would provide fleet management services.

Uber Technologies, Inc. (NYSE:UBER) added that the launch came after the collaborative pilot program and testing taking place since the company announced the initial partnership in April 2025, allowing a smooth and safe transition to autonomous mobility. Management also stated that the trial service will currently be operating with an on-board vehicle specialist to ensure a reliable and safe experience, and help bolster the groundwork for a completely driverless commercial service in early 2026.

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.

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