Piper Sandler lifts Uber Price Target and maintains an overweight rating

Uber Technologies, Inc. (NYSE:Uber) is one of 12 shares owned by hedge funds so far in 2025. On July 24th, Piper Sandler was born in Uber Technologies, Inc. (NYSE: Uber) price target has been increased from $95 to $103, maintaining its “overweight” rating.

The research company expects to report a total booking of $46.5 billion and an EBITDA of $2.1 billion in the second quarter of 2025. Both are in line with broader market forecasts.

Close-up view of a hand holding a smartphone using the ride sharing app.

The research company is also Uber Technologies, Inc. (NYSE: UBER) We have increased our total reservations and EBITDA forecasts for 2026 by approximately 1% each. This indicates an increased confidence in the company’s long-term performance.

Piper Sandler highlighted consumer resilience as a positive indication for the company. The company also has foreign exchange rates of Uber Technologies, Inc. He said it serves as a tailwind for (NYSE: Uber).

Additionally, the research company is Uber Technologies, Inc. (NYSE: UBER) initiatives point to an approach that focuses on affordability and could help attract and retain customers in a highly competitive market.

Uber Technologies, Inc. (NYSE: Uber) is a global transportation technology company focusing on ride services, courier services, food delivery and freight transport.

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Read next: 10 American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Now.

Disclosure: None. This article was originally published Insider Monkey.