Why Wall Street Expects This Growth Stock to Soar 84% in 2026

Core Insights - Uber Technologies is valued at $169.7 billion and has evolved from a ride-hailing app to a global AI-powered marketplace for mobility, delivery, and local commerce, focusing on real-time connections among people, businesses, and opportunities [1] - Wall Street is optimistic about Uber's stock, projecting an 84% increase by 2026 after a 29% rise last year [1] Group 1: Business Growth - Uber's trip volume surged by 22% year-on-year to 3.5 billion, marking its best growth rate since 2023, driven by a 17% increase in Monthly Active Platform Consumers and a 4% rise in trips per user [3] - Mobility revenue grew by 20%, while Delivery revenue increased by 29% during the same quarter, with stable average pricing indicating organic demand growth [3] Group 2: Financial Performance - Gross bookings rose by 21% year-on-year to $49.7 billion, and total revenue increased by 20% to $13.5 billion, leading to a significant earnings boost of 154% year-on-year to $6.6 billion [4] Group 3: Strategic Initiatives - CEO Dara Khosrowshahi outlined six strategic initiatives for Uber's growth, including transitioning to lifetime client relationships and integrating autonomous vehicles with human drivers [4] - The company is expanding local commerce, targeting over $12 billion in annual gross bookings, and enhancing income opportunities for its 9.4 million drivers and couriers through "multiple gigs" [4] - Uber is also focusing on developing advertising and demand capabilities for over 1.2 million merchants and implementing generative AI to improve productivity and personalization [4]