Uber’s fundamental outlook ‘solid’ for 2025, says Cantor Fitzgerald

Uber (UBER) on Wednesday held its annual product event GO-GET earlier today, which featured presentations from the company’s CPO and Director of Engineering at Eats, with the main theme of the event appearing to be affordability, with new features such as Price Lock and Savings Slider, Cantor Fitzgerald analyst Deepak Mathivanan tells investors in a research note. The company’s strong product innovation over the last three years is one of the underappreciated parts of Uber’s investment case, Cantor says, adding that it believes the fundamental outlook is “solid” for 2025. Cantor has an Overweight rating and $96 price target on Uber shares.