Bernie McTernan, an analyst from Needham, maintained the Buy rating on Uber Technologies. The associated price target is $109.00.
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Bernie McTernan has given his Buy rating due to a combination of factors including Uber’s strong performance in bookings and trips, which showed acceleration in the third quarter. The company’s strategic focus on growth and profitability is expected to capture investor interest. Furthermore, Uber’s initiative to evolve as an autonomous vehicle data collector, in partnership with NVIDIA, presents new opportunities for earnings and technological advancement.
Additionally, Uber’s plans to expand autonomous vehicle deployments to at least ten cities by the end of 2026 demonstrate a forward-thinking approach that could enhance its market position. The focus on strategic areas and partnerships indicates a promising trajectory for the company’s future, supporting the Buy rating given by McTernan.
In another report released today, William Blair also maintained a Buy rating on the stock with a $0.00 price target.