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Home / News / Stocks News / Why Wall Street Sees Strong Earnings Growth Ahead for Uber Technologies, Inc. (UBER)

Why Wall Street Sees Strong Earnings Growth Ahead for Uber Technologies, Inc. (UBER)

Uber Technologies, Inc. (NYSE:UBER) is among the stocks with the best earnings growth for the next 3 years. Ivan Feinseth, an analyst at Tigress Financial, elevated the price target on Uber Technologies, Inc. (NYSE:UBER) to $115 from $110 on June 12. In a research note, the analyst said that the company’s long-term potential is supported by scaled network effects in mobility and delivery, in addition to opportunities in high-margin segments. The firm maintains a Buy rating on the shares.

What makes the case stronger for Uber Technologies, Inc. (NYSE:UBER) is its GO-GET strategy, which is based on capital-light partnerships and an AI-driven platform, the firm highlighted, adding that this approach will support Uber One engagement. The company is also engaged in boosting unit economics, scaling Uber AI Solutions, and driving AI-powered product innovation, Tigress Financial outlined.

Why Wall Street Sees Strong Earnings Growth Ahead for Uber Technologies, Inc. (UBER)
Uber (UBER), Block (SQ) Expand Global Partnership to Streamline Restaurant Operations

Photo by Zhuo Cheng you on Unsplash

Overall, 88% of analysts are bullish on the company, with 11% neutral, and the remaining 2% bearish. With a Return on Equity (ttm) of 35.31%, Uber Technologies, Inc. (NYSE:UBER) has secured a spot in our list of stocks with the best earnings growth for the next 3 years.

Uber Technologies, Inc. (NYSE:UBER) is a California-based technology company that operates a global platform for ride-hailing, food delivery, and freight logistics services. Founded in 2009, the company has three main segments: Mobility, Delivery, and Freight.

While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

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