Piper Sandler Lifts UBER Price Target, Keeps Overweight Rating

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Uber Technologies, Inc. (NYSE:UBER) has been identified as one of the 12 Most Owned Stocks by Hedge Funds So Far in 2025, according to a recent report by Piper Sandler. The research firm recently raised its price target on Uber from $95 to $103, maintaining an “Overweight” rating on the stock. Piper Sandler projects that Uber will report $46.5 billion in Gross Bookings and $2.1 billion in EBITDA for the second quarter of 2025, aligning with market expectations.

In addition to revising its price target, Piper Sandler also increased its forecasts for Uber’s 2026 Gross Bookings and EBITDA by approximately 1% each. This upward revision indicates a growing confidence in the company’s long-term performance. The research firm highlighted consumer resilience as a positive indicator for Uber and noted that favorable foreign exchange rates are providing a tailwind for the company.

Furthermore, Piper Sandler emphasized Uber’s efforts to enhance affordability, which could help the company attract and retain customers in competitive markets. Uber Technologies, Inc. is a global transportation technology company that specializes in ride-hailing services, courier services, food delivery, and freight transport.

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In conclusion, Uber Technologies, Inc. continues to demonstrate strong performance and strategic initiatives to drive growth in the transportation technology sector. Investors should carefully evaluate their investment options and consider diversifying their portfolios to maximize returns. For more insights on investment opportunities, readers can explore other related articles on Insider Monkey’s website.