15 Best Big Tech Stocks to Buy According to Analysts

6. Uber Technologies Inc. (NYSE:UBER)

Upside Potential: 30%

Number of hedge funds: 136

Uber Technologies Inc. (NYSE:UBER) defines itself as a technology platform that leverages a massive network, leading technology, operational excellence, and product expertise to facilitate movement from point A to point B. The company provides ride-hailing, food delivery, and freight transportation services. Its diverse offerings include Uber Eats for food delivery, Uber Freight for logistics, and advanced technologies like autonomous vehicles and aerial ridesharing.

Uber Technologies Inc. (NYSE:UBER) is well-positioned to benefit from the growing demand for convenient transportation and delivery services, driven by urbanization and changing consumer preferences. The company’s focus on expanding its delivery segment through Uber Eats and enhancing its logistics capabilities with Uber Freight provides multiple revenue streams. Additionally, the company’s investments in autonomous vehicle technology and partnerships with various automakers aim to reduce operational costs and improve efficiency in the long term.

In early January 2025, Goldman Sachs added Uber Technologies Inc. (NYSE:UBER) to its U.S. conviction list. Despite headwinds in its Mobility business, Goldman expects the company to meet its long-term growth and profitability targets. They also see the company as well-positioned to expand end markets, increase profitability, and capitalize on cross-sell and “flywheel” effects across its platform.