Jefferies and BofA Remain Bullish on Uber Technologies (UBER)

Core Viewpoint - Uber Technologies, Inc. (NYSE:UBER) is currently viewed as a strong investment opportunity, with multiple analysts maintaining positive ratings and price targets, despite some mixed signals regarding profitability and market conditions [1][2][3]. Group 1: Analyst Ratings and Price Targets - Jefferies and BofA both maintain a Buy rating on Uber, with price targets set at $120 and $119 respectively, citing expectations for durable Mobility growth and advancements in autonomous vehicle partnerships [1]. - Wolfe Research has lowered its price target for Uber from $125 to $110 while maintaining an Outperform rating, indicating a belief in continued positive performance for Internet stocks in 2026, albeit with caution regarding elevated multiples [2]. - Melius Research downgraded Uber to Sell from Hold, setting a price target of $73, reflecting a more cautious outlook compared to other analysts [3]. Group 2: Business Segments and Operations - Uber operates as a technology platform offering ride services and delivery services, which are categorized into three segments: Delivery, Mobility, and Freight [4]. - The Delivery segment allows users to order food, the Mobility segment connects users with drivers for rides, and the Freight segment facilitates connections between carriers and shippers [4]. Group 3: Market Conditions and Future Outlook - Wolfe Research notes potential for upside in estimates driven by a healthy macroeconomic environment, advancements in AI, product catalysts, and effective capital allocation [3]. - Despite the positive outlook for Uber, there are suggestions that certain AI stocks may present greater upside potential with less downside risk, indicating a competitive investment landscape [5].