- Uber partners with WeRide and Dubai's RTA to introduce autonomous vehicles.
- Analysts predict a substantial potential upside for Uber's stock price.
- Uber carries an "Outperform" status with a favorable brokerage recommendation.
Uber Technologies Inc is making significant strides in the realm of autonomous vehicles, teaming up with WeRide and Dubai's Road and Transport Authority (RTA) to bring self-driving cars to the streets of Dubai. This strategic move not only aims to integrate cutting-edge AV technology into Dubai's transportation network but also underscores Uber's commitment to meeting rigorous safety and regulatory standards.
Wall Street Analysts Forecast
Wall Street remains optimistic about Uber Technologies Inc's (UBER, Financial) stock, with 39 analysts setting a one-year average price target of $89.19. This projection ranges from a high of $115.00 to a low of $68.00. At its current trading price of $65.07, this average target suggests a potential upside of 37.06%. For more detailed projection data, visit the Uber Technologies Inc (UBER) Forecast page.
The consensus among 54 brokerage firms positions Uber at an average recommendation of 1.9, classified as "Outperform." This rating is on a scale where 1 represents a Strong Buy and 5 indicates a Sell, suggesting that the sentiment around Uber is largely favorable.
In terms of value estimation, GuruFocus provides a calculated GF Value for Uber Technologies Inc at $72.52 over the next year. This reflects an anticipated upside of 11.45% from the current price level of $65.07. The GF Value is a proprietary metric that assesses the fair value of a stock, considering historical trading multiples, past growth, and future business performance forecasts. More comprehensive insights are available on the Uber Technologies Inc (UBER, Financial) Summary page.
