Ride Sharing and Food Delivery Stocks List Ranked by Hedge Fund Sentiment

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

Number of Hedge Fund Holders: 166

Uber Technologies, Inc. (NYSE:UBER) ranks first on our ride-sharing and food delivery stocks list. It operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company’s operations are divided into Delivery, Mobility, and Freight. The Delivery segment allows users to order food, while the Mobility segment provides access to Mobility Drivers who provide rides in various vehicles. The Freight segment connects Carriers and Shippers.

In a report released on April 23, Justin Post from Bank of America Securities reiterated a Buy rating on Uber Technologies, Inc. (NYSE:UBER) and set a price target of $95.00. The analyst gave this rating despite the recent FTC lawsuit against Uber in association with its Uber One subscription policies, which accused the company of deceptive billing and cancellation practices.

The analyst opined that the lawsuit is not expected to significantly affect Uber Technologies, Inc.’s (NYSE:UBER) financials. He reasoned that this is because Uber One members are continually finding value in the service, growing significantly to over 30 million by the end of 2024. The members also significantly contribute to its delivery and gross bookings, which highlights strong engagement. The analyst said that the overall gig economy is favorably viewed in the broader internet sector, and Uber Technologies, Inc.’s (NYSE:UBER) operations in that sector supports the Buy rating.

Overall, UBER ranks first among our ride-sharing and food delivery stocks list ranked by hedge fund sentiment. While we acknowledge the potential of ride-sharing and food delivery stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UBER but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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