Rosenblatt initiated coverage of Uber Technologies Inc. with a Buy rating. The firm set a price target of $100, representing a potential 32% upside from the previous close. Analysts described Uber as a durably compounding platform and viewed recent stock weakness as an attractive entry point.
The report suggests that long-term concerns regarding autonomous vehicles do not pose an immediate threat to financial performance. Continued growth is expected across Uber's core ride-hailing, food, and grocery delivery businesses.
Uber is also leveraging AI to improve software development efficiency and reduce costs. AI agents are now involved in more than 70% of the company's pull requests.