10 Tech Stocks to Monitor Amid Market Volatility According to Bernstein Analyst

3.  Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 145

Uber Technologies, Inc.(NYSE:UBER) develops and operates proprietary technology applications worldwide. The company has been taking strong measures to improve profitability since it debuted on the market almost five years ago. The company has an expected EBITDA to free cash flow conversion of over 90% and remains on track to generate $10 billion in free cash flow in 2026. This represents an attractive 6.7% yield on the current market cap and would potentially enable significant stock buybacks. These numbers will likely help the firm expand the investor base and drive valuation multiple expansion.

Uber Technologies, Inc.(NYSE:UBER) has invited bullish calls from analysts on Wall Street in recent months. For example, investment advisory Bernstein has a Buy rating on the shares with a price target of $95, implying upside potential of more than 30%. The advisory views the company as a dominant player in the rideshare and delivery space, citing a substantial turning point in EBITDA – at a 40% compound annual growth rate from 2023 to 2026 – and a wave of consumers leaning into convenience as catalysts for the tech company.