Sanmit Amin
2 min read
In This Article:
On May 21, Loop Capital increased its price target for Uber Technologies, Inc. (NYSE: UBER) from $89 to $105 per share and maintained a Buy rating.
The revised outlook reflects stronger earnings estimates and growing investor confidence in Uber’s long-term strategic positioning, particularly within the autonomous vehicle (AV) sector. Consistently strong trip volume growth continues to drive outsized profit and free cash flow, reinforcing Uber’s capacity to scale efficiently and capitalize on global mobility trends.
A close up view of a hand holding a smartphone, using a ride sharing app.
A key factor in the upgrade is shifting investor sentiment around the impact of autonomous technologies on Uber’s core rideshare business. With leading AV providers increasingly integrating their services with Uber’s platform, it is emerging as a central hub in the developing robotaxi ecosystem. This alignment strengthens Uber’s positioning as a long-term beneficiary of the AV transition.
Loop Capital also highlighted momentum in its delivery segment, noting that growth is accelerating beyond traditional restaurant orders. Rising order value in non-restaurant categories, improving contribution margins, and the rapid development of Uber’s high-margin advertising business are all contributing to a more diversified and resilient revenue mix.
These developments support Loop Capital’s view that Uber Technologies, Inc. (NYSE: UBER) is strategically well-positioned to lead in multiple high-growth verticals. As the company scales both human-driven and autonomous services, it is expected to deliver significant long-term shareholder value across mobility, logistics, and digital commerce platforms.
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