9 Stocks That Could 10X Over the Next 2 Years

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

Number of Hedge Fund Holders: 166

Uber Technologies, Inc. (NYSE:UBER)  is a multinational transportation company offering ride-hailing services, courier services, food delivery, and freight transport. It serves as one of the largest ridesharing companies and operates in more than 70 countries across the world.

Jefferies analyst John Colantuoni has kept a Buy rating on the stock with a price target of $90. Similarly,  Needham and TD Cowen also previously gave the company Buy ratings with respective price targets of $90 and $88. Analysts believe in the competitive advantage of the company, especially its strategic position in the global mobility and delivery markets, as well as its lower wait times. The firm has strongly committed to its global leadership in autonomous vehicle innovation, a strategic move that is expected to further strengthen its market position. Recently, the firm, along with WeRide (NASDAQ:WRD), partnered with Dubai’s Road and Transport Authority to bring autonomous vehicles to Dubai. Uber Technologies, Inc. (NYSE:UBER) and Dubai’s Road and Transport Authority will be working together on pilot programs, thereby leveraging the company’s technology to match riders with autonomous vehicles. This collaboration will enable Uber to position itself in Dubai which is striving to be a global pioneer in autonomous mobility and is aiming to transform 25% of all journeys into autonomous trips across different transport modes by 2030.