Uber Technologies, Inc. (NYSE:UBER) is one of the Top 10 Stocks Wall Street is Buzzing About These Days.
Joseph M. Terranova, Senior Managing Director at Virtus Investment Partners, said in a recent program on CNBC that he believes Uber Technologies, Inc. (NYSE:UBER) stock could see $100 as its floor in the near future amid strong momentum and AI.
“I believe they report on August 6. It’s going to be an important report to understand if the strength of the balance sheet continues. And that’s what I’ve been focused on. This company several years ago made a remarkable turn in their financial conditions. Free cash flow generation went positive. It’s accelerated from there and it’s allowed them to do the things that they need to do in terms of diversifying the business model. Not all about mobility, going to other areas like delivery, obviously including AI in the story and ultimately having partnerships like they do in Atlanta with Waymo. So, the company has technically very strong momentum. And it continues to hug all the major supportive technical moving average lines. It looks like it wants to make that run ultimately at 100. I’m not so sure it’s going to do it ahead of earnings, but post earnings, if you hear what you need to hear, I do think above 100 uh is a price target that would be not so much the ceiling, but will ultimately become the floor. You could be talking about support at that level.”
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Aristotle Capital Value Equity Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its second quarter 2025 investor letter:
“Founded in 2009 and headquartered in San Francisco, California, Uber Technologies, Inc. (NYSE:UBER) is a global technology platform that facilitates the movement of people, goods and services across a wide range of markets. What began as a simple ride-hailing app has evolved into a multi-segment leader operating in more than 70 countries, connecting millions of consumers, drivers, couriers and merchants worldwide.
