UBS and Wells Fargo Raise PT on Uber Technologies, Inc. (UBER)

Uber Technologies, Inc. (NYSE:UBER) is included in our list of the 11 Hot Software Stocks to Buy Now.

UBS and Wells Fargo Raise PT on Uber Technologies, Inc. (UBER)

A close up view of a hand holding a smartphone, using a ride sharing app.

On August 7, 2025, UBS raised its price target on Uber Technologies, Inc. (NYSE:UBER) to $117 from $115, maintaining a ‘Buy’ rating. On the same day, Wells Fargo decreased its price target on UBER from $120 to $119, maintaining an ‘Overweight’ rating.

UBS’s price target increase is driven by Uber Technologies, Inc. (NYSE:UBER)’s stronger-than-expected growth in both mobility and delivery, steady trip gains, and favorable delivery pricing trends. Additionally, the company’s strong financial health, particularly $5.23 billion in EBITDA, caught analysts’ attention.

Meanwhile, Wells Fargo’s price target reduction reflects its reduction of the 2026 EBITDA forecast by 1% due to higher investments. Yet, the investment firm projects a strong growth outlook for Uber Technologies, Inc. (NYSE:UBER), driven by promising early results from the company’s Austin partnership with Waymo. Its partnership with Waymo is experiencing strong vehicle deployments, which are outpacing forecasts and boosting volumes without eroding existing business. Furthermore, Trendyol Go is expected to add $620 million in Q3 gross bookings.

Uber Technologies, Inc. (NYSE:UBER) is known for its global mobility, delivery, and freight platform, connecting riders, drivers, consumers, and couriers. It is included in our list of the hot stocks to buy.

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.