UBS Boosts Uber (UBER) PT to $115 on Strong Q1 Profitability, Growth

Uber Technologies Inc. (NYSE:UBER) is one of the most profitable growth stocks to buy according to billionaires. On July 29, UBS analyst Stephen Ju raised the firm’s price target on Uber to $115 from $107 while keeping a Buy rating on the shares. Q1 2025 was a profitable quarter for the company, with trips increasing by 18% year-over-year to 3 billion, which was driven by a 14% growth in Monthly Active Platform Consumers/MAPCs to 170 million.

The company’s profitability saw an improvement. Income from operations was $1.2 billion, which was up by $1.1 billion from the previous year. Net income attributable to Uber was $1.8 billion, which included a $51 million net benefit from revaluations of equity investments. At the end of the quarter, the company held $6 billion in unrestricted cash, cash equivalents, and short-term investments.

UBS Boosts Uber (UBER) PT to $115 on Strong Q1 Profitability, Growth

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

Looking ahead to the second quarter of 2025, Uber provided a positive outlook. The company anticipates Gross Bookings to be between $45.75 and $47.25 billion in Q2, which would represent a constant currency growth of 16-20%.

Uber Technologies Inc. (NYSE:UBER) develops and operates proprietary technology applications that operate through 3 segments: Mobility, Delivery, and Freight.

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.