Uber (UBER) Price Target Maintained Following Strong Revenue and Mobility Growth

Uber Technologies, Inc. (NYSE:UBER) ranks among billionaire David Tepper’s 10 favorite stocks. On February 5, Susquehanna reaffirmed its Positive rating on Uber Technologies, Inc. (NYSE:UBER) and maintained a $110 price target on the company’s shares. The firm stated that Uber Technologies, Inc. (NYSE:UBER) had “a solid quarter overall” in the fourth quarter, with most vital performance measures exceeding forecasts.

The company reported earnings per share of $0.71, which fell short of the expected $0.80. On the other hand, revenue exceeded forecasts, coming in at $14.4 billion, compared with a forecast of $14.32 billion.

Meanwhile, Uber’s first-quarter gross bookings outlook surpassed the consensus forecast by 3% at the midpoint, while its EBITDA forecast was in line with estimates. Management stated that US mobility trips and gross bookings are also likely to increase in 2026.

Susquehanna emphasized management’s remarks on “continued progress with AVs,” citing upcoming deployments and highlighting opportunities in this area.

Uber Technologies, Inc. (NYSE:UBER) is a prominent global supplier of ride-hailing, food delivery, and freight services. Since its inception, the company has revolutionized urban transportation by connecting drivers and passengers through its mobile app.

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.