UBER
Wall Street’s still riding with Uber
Uber got a fresh vote of confidence from Wells Fargo, which kept its Overweight rating and bumped its price target to $92 from $89. That’s not exactly a moonshot, but it does reinforce the idea that analysts still see room for the stock to run.
The bullish chorus is getting louder
Uber isn’t just getting one pat on the head here. The article says Scotiabank recently kicked off coverage with a Sector Outperform rating and a $100 target, while Wedbush reiterated Outperform with a $91 target. BNP Paribas also made noise last week with a $106 target, leaning into the robotaxi angle like it’s the next sequel nobody can ignore.
Why investors care
At around $69, Uber is still hanging near the lower end of its 52-week range, which gives the bulls plenty of room to make the case that the stock is underappreciated. The real pitch is simple: if autonomous rides get cheaper and Uber can stay the big middleman, the company could end up looking less like a taxi app and more like the operating system for the future of mobility.
Big picture: this isn’t about one analyst changing one number — it’s about Wall Street slowly warming up to Uber’s scale, optionality, and robotaxi upside all at once.