BTIG Maintains Buy Rating on Uber (UBER) with $100 Target

BTIG analyst Jake Fuller maintained a Buy rating on Uber Technologies, Inc. (NYSE:UBER) with a price target of $100 per share, according to a note dated June 26.

Rating Change

The analyst kept the Buy rating unchanged, with the same $100 price target as before.

Analyst's Rationale

Fuller noted that near-term autonomous vehicle catalysts remain limited, as Waymo currently dominates the space. However, he sees long-term growth potential for Uber that justifies the positive rating.

Context

The recommendation comes as Uber continues investing in autonomous driving technologies, but competition with Waymo remains intense. Uber's stock currently trades below the price target, which the analyst sees as a potential opportunity for investors.

What to Make of It

BTIG's recommendation reflects a positive medium-to-long-term view on Uber, despite near-term challenges in the autonomous vehicle sector. Investors may view the price target as an indication of potential upside.