TD Cowen Sees Over 50% Upside To Uber Technologies, Inc. (UBER)

Uber Technologies, Inc. (NYSE:UBER) is among the 15 Best Big Name Stocks to Buy. On April 21, TD Cowen analyst John Blackledge reiterated a Buy rating on the stock with a price target of $114, representing an upside potential of 53% from Friday’s close.

TD Cowen Sees Over 50% Upside To Uber Technologies, Inc. (UBER)

According to a report on TipRanks, the analyst said that the company was well placed to gain from the ‘autonomous vehicle ramp’ with the inclusion of self-driving technology to its network, and that its current share price didn’t match its long-term potential.

Moreover, the firm also noted the momentum across Uber Technologies, Inc. (NYSE:UBER)’s Mobility and Delivery segments, which has created a competitive edge that is hard to compete with for smaller peers.

In other news, last week the company announced that it was launching a new feature for customers to return purchases made through Uber Eats for a fee. The courier pick-up service will initially apply at multiple retail locations, such as Best Buy, Petco, Dick’s Sporting Goods, and more, with plans to add other partners ahead.

Uber Technologies, Inc. (NYSE:UBER) is an American transportation company that provides ride-hailing services, food delivery, courier services, and freight facilities.

While we acknowledge the risk and potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UBER and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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