Analysts Are Increasing Price Targets of These 5 Stocks

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

Upside Potential: 32%

Uber Technologies, Inc. (NYSE:UBER) is a global company developing and operating its technology applications. In a recent announcement in late May, Uber revealed a partnership with Waymo, an American company specializing in autonomous driving technology. The collaboration involves integrating Waymo’s self-driving technology into Uber’s ride-hailing platform. This joint effort aims to create a new transportation service that utilizes autonomous vehicles, combining the expertise of both companies in the field.

After Uber Technologies, Inc. (NYSE:UBER) stock surged 75% year-to-date, Barclays analysts raised the price target on Uber (NYSE:UBER) by $12 to $57 per share on June 23. They believe there is potential for further growth and suggest the stock could reach $70 per share. The analysts explained in a note that even without factoring in the future potential of Travel Concierge AI, they see a trajectory for Uber Technologies, Inc. (NYSE:UBER) shares to reach $70 based on 15 times $10 billion in EBITDA. They anticipate that the $10 billion EBITDA mark will be achieved by 2026, which means that the $70 level could be reached sometime in 2025. The stock’s closing price on June 23 was $43.34; thus, with a new target price of $57, it has an upside potential of 32%.

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