Tigress Financial Partners reaffirmed its Buy rating on Uber Technologies Inc. (NYSE:UBER) on May 24 while raising its price target to $110 from $103.
The firm's analysts attribute Uber's significant growth prospects to strong ridership and delivery demand, continuous innovation, and fruitful partnerships. Additionally, they point out that the company possesses a notable long-term upside catalyst in autonomous vehicle (AV) technology.
Tigress noted the Go-Get 2025 event where Uber Technologies Inc. (NYSE:UBER) presented a number of growth initiatives that are intended to improve affordability, ease of use, and customization across its delivery and mobility platforms. A key factorin cutting wait times and identifying fraud was the company's implementationof artificial intelligence (AI) to enhance the connection between riders and drivers, improve pricing plans, and tailor the app experience to individual users.
Tigress highlighted that Uber's recent strides in delivery and mobility have resulted in a significant rise in economic profit. The firm also pointed to Uber's expansion into fast-growing industries like advertising, travel, and service partnerships, which further supports this financial growth.
While we acknowledge the potential of UBER to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.
