Uber: share price up after Wedbush analysis

(CercleFinance.com) - Uber gains over 3% in New York as Wedbush adds the stock to its 'best ideas list', confirming its 'outperform' opinion and $86 price target, and judging that the risk/reward ratio has become more attractive at current levels.


The broker considers it unjustified that the stock is only trading at around 12.8 times its estimated adjusted EBITDA for 2026, as Uber has strong fundamentals, with adjusted EBITDA expected to grow by over +30% per annum over the next two years.

"We are encouraged by the recent expansion of key partnerships, which will be an important test of Uber's value proposition for autonomous car providers in 2025," adds the broker.

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