European Investor
10 Aug 2026, 14:17
Uber Stock Rises 2.8% as Jefferies Raises Price Target to $110
Uber Technologies (NYSE: UBER) shares rose about 2.8% Monday after Jefferies raised its price target on the ride-hailing and delivery company while maintaining a Buy rating.
Jefferies analyst John Colantuoni increased the firm's price target on Uber to $110 from $100. Based on the stock's recent price of about $76.82, the new target implies roughly 43% potential upside.
Jefferies Maintains Bullish View on Uber
The $10 increase in the price target reinforces Jefferies' positive stance on the company. Unlike a rating upgrade, Monday's analyst action maintains the existing Buy recommendation but increases the valuation Jefferies believes Uber shares can support.
The move is particularly notable following recent volatility in Uber shares, as investors continue to assess the company's growth prospects alongside longer-term questions surrounding autonomous vehicles and their potential impact on the ride-hailing industry.
Uber has increasingly positioned itself as a platform that could benefit from autonomous vehicles rather than simply compete against them, establishing partnerships designed to bring robotaxi services onto its network.
Investors will now be watching Uber's mobility and delivery growth, profitability and free cash flow, as well as progress in autonomous-driving partnerships. For Monday's session, however, the Jefferies target increase is providing a clear positive catalyst for UBER shares.
Uber Technologies (NYSE: UBER) shares rose about 2.8% Monday after Jefferies raised its price target on the ride-hailing and delivery company while maintaining a Buy rating.
Jefferies analyst John Colantuoni increased the firm's price target on Uber to $110 from $100. Based on the stock's recent price of about $76.82, the new target implies roughly 43% potential upside.
Jefferies Maintains Bullish View on Uber
The $10 increase in the price target reinforces Jefferies' positive stance on the company. Unlike a rating upgrade, Monday's analyst action maintains the existing Buy recommendation but increases the valuation Jefferies believes Uber shares can support.
The move is particularly notable following recent volatility in Uber shares, as investors continue to assess the company's growth prospects alongside longer-term questions surrounding autonomous vehicles and their potential impact on the ride-hailing industry.
Uber has increasingly positioned itself as a platform that could benefit from autonomous vehicles rather than simply compete against them, establishing partnerships designed to bring robotaxi services onto its network.
Investors will now be watching Uber's mobility and delivery growth, profitability and free cash flow, as well as progress in autonomous-driving partnerships. For Monday's session, however, the Jefferies target increase is providing a clear positive catalyst for UBER shares.
