TD Cowen Reaffirms Buy Rating on Uber (UBER), Keeps $108 PT

Uber Technologies, Inc. (NYSE:UBER) is one of the must-buy US stocks to invest in. On August 19, TD Cowen reaffirmed its “Buy” rating and $108 price target on Uber, following a meeting with company executives. TD Cowen expressed an “incrementally positive” view on Uber’s future after discussions with Uber’s Head of Investor Relations and CFO of Uber Mobility and Delivery, Balaji Krishnamurthy.

TD Cowen Reaffirms Buy Rating on Uber (UBER), Keeps $108 PT A close up view of a hand holding a smartphone, using a ride sharing app.

The meeting covered several aspects of Uber’s business, including: growth in US trip numbers; decreasing insurance cost growth; autonomous vehicle (AV) business models and Uber’s AV partnership strategy; Uber One membership program; cross-platform initiatives; and the company’s advertising business.

TD Cowen highlighted Uber’s ability to innovate, adapt, and expand its service portfolio, including features such as route sharing and enhanced Uber Eats options aimed at improving cost efficiency. They also noted the company’s stronger-than-expected second-quarter results, with record user numbers and increased trip frequency. Uber reported an 18% year-over-year revenue increase for Q2 2025, with gross bookings up 17% YoY to $46.8 billion, and adjusted EBITDA grew 35% YoY to $2.1 billion.

Uber Technologies, Inc. (NYSE:UBER) is a technology and mobility company. It operates a global platform that offers ride-hailing, food delivery through Uber Eats, and freight logistics services. The company leverages its network, data, and technology infrastructure to connect consumers, drivers, couriers, and shippers across more than 70 countries.

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