Stifel raises Uber stock price target to $124 from $116, maintains Buy rating

Investing.com - Stifel has increased its price target on Uber Inc. (NYSE:UBER) to $124.00 from $116.00 while maintaining a Buy rating on the stock. The ride-hailing giant, currently trading at $94.61 with a market capitalization of $197.3 billion, has delivered an impressive 53% return year-to-date. According to InvestingPro data, analysts maintain a Strong Buy consensus on Uber, with price targets ranging from $82 to $150.

The research firm’s adjustment comes despite some negative headlines during the quarter related to autonomous vehicle (AV) developments, including Lyft/Waymo in Nashville and DoorDash/Waymo delivery partnerships, which temporarily affected Uber’s stock price. The company’s strong fundamentals, including an 18.15% revenue growth and profitable operations over the last twelve months, suggest resilience in its business model.

Stifel indicated that despite these developments, it believes Uber’s third-quarter 2025 results appear reasonable, leading to the higher price target assessment.

The firm has kept its estimates for Uber unchanged, noting that foreign exchange rates are expected to be a tailwind for both the third and fourth quarters of 2025.

Stifel’s new $124 price target represents an increase of approximately 6.9% from its previous target of $116.

In other recent news, Uber Technologies, Inc. and WeRide have launched an autonomous robotaxi service in Riyadh, Saudi Arabia. This collaboration marks the first time self-driving vehicles are available on the Uber platform in the country, with rides offered between Roshn Front and Princess Noura University. The initiative has been endorsed by Saudi Arabia’s Transport General Authority, aligning with the Kingdom’s Vision 2030 goals for smart mobility innovation. In another development, Uber has partnered with Nvidia to advance autonomous vehicle technology. Nvidia highlighted their collaboration on training models using Uber’s extensive driving data from various scenarios. Additionally, Guggenheim has maintained a Buy rating on Uber stock with a $140.00 price target ahead of its third-quarter earnings report. Bernstein also reiterated an Outperform rating with a $110.00 price target, expecting Uber to meet market expectations for the third quarter. These developments reflect Uber’s strategic moves in autonomous technology and market positioning.

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