Uber stock price target maintained at $108 by TD Cowen on strong growth

Investing.com - TD Cowen has reiterated its Buy rating on Uber Inc. (NYSE:UBER) with a price target of $108.00, citing continued momentum in both the company’s Mobility and Delivery segments. The stock, currently trading at $94.25, has delivered an impressive 56.25% return year-to-date, reflecting strong market confidence in the $196.55 billion market cap company.

The firm estimates Uber’s third-quarter gross bookings will reach $48.9 billion, representing 19.4% year-over-year growth, which aligns with consensus estimates and falls near the midpoint of management’s guidance.

TD Cowen projects third-quarter EBITDA to grow 32.6% year-over-year, also at the midpoint of management’s guidance, supported by revenue growth and the company’s expanding advertising business.

The research firm expects lower year-over-year insurance cost growth to drive additional Mobility segment growth in 2026, for which TD Cowen has now broken out quarterly estimates.

Based on these factors, TD Cowen maintains its Buy rating on Uber stock, reflecting confidence in the company’s continued operational performance across its key business segments.

In other recent news, Uber Technologies has made significant strides with its acquisition of Belgian startup Segments.ai, aimed at enhancing its data-labeling capabilities. This strategic move will see the founders and staff of Segments.ai join Uber’s data-labeling division, Uber AI Solutions. Additionally, Uber Freight has appointed D’Andrae Larry as its new Chief Commercial Officer, leveraging his extensive experience to drive growth and streamline logistics solutions.

In terms of analyst coverage, Guggenheim has initiated coverage on Uber with a Buy rating and set a price target of $140, highlighting the company’s industry-leading network and technology. Mizuho has also begun coverage with an Outperform rating and a $130 price target, forecasting strong revenue and profit growth for Uber over the next few years.

Meanwhile, Wolfe Research has raised its price target for DoorDash to $330 from $315, maintaining an Outperform rating and noting strong demand trends in the company’s core restaurant business. These developments reflect a period of strategic growth and positive analyst sentiment for Uber and its industry peers.

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