Bank of America Securities Reiterates a Buy Rating on Uber Technologies (UBER), Sets a $119 PT

Core Insights - Uber Technologies, Inc. is considered one of the best large-cap stocks for long-term investment, with a Buy rating and a price target of $119 set by Bank of America Securities [1] Financial Performance - In fiscal Q3 2025, Uber reported a 22% year-over-year increase in trips, totaling 3.5 billion, driven by a 17% growth in Monthly Active Platform Consumers and a 4% increase in monthly trips per MAPC [2] - Revenue for the same quarter rose 20% year-over-year to $13.5 billion, with a 19% increase on a constant currency basis, while gross bookings grew 21% year-over-year to $49.7 billion [2] Growth Strategy - The company experienced one of the largest trip-volume growths in its history during fiscal Q3 and is focusing on local commerce strategies, as well as leveraging autonomy and AI technologies [3] Future Outlook - For fiscal Q4 2025, Uber anticipates gross bookings between $52.25 billion and $53.75 billion, reflecting a year-over-year growth of 17% to 21% on a constant currency basis, with an expected 1 percentage-point currency tailwind [4] Business Segments - Uber operates as a technology platform offering ride services and delivery services, divided into three segments: Delivery, Mobility, and Freight [5]