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JPMorgan Raises Uber Price Target on Autonomous Vehicle Growth Prospects
JPMorgan Raises Uber Price Target on Autonomous Vehicle Growth Prospects
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Uber Technologies Inc’s stock surge continues unabated in 2025, with shares gaining 47% year-to-date as Wall Street grows increasingly bullish on the rideshare giant’s autonomous vehicle ambitions. JPMorgan analysts lifted their price target to $105 from $92 while maintaining an Overweight rating, citing potential efficiency gains from Uber’s partnership with Alphabet’s Waymo.
The bank’s Optimism follows management meetings highlighting improved utilization rates from the Waymo alliance, with potential for expanded collaboration. While Uber’s recent earnings surpassed expectations at 83 cents per share, revenue growth still trails some analyst projections—a gap autonomous vehicle deployment could help close.
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