Truist Ups Uber Target to $92 on Stellar Growth Signals

Uber’s Rides and Delivery Outperform Analyst Predictions

Truist has increased its price target for Uber Technologies Inc (NYSE:UBER) from $90 to $92, driven by standout performance in Uber’s ridesharing and delivery businesses that are surpassing what analysts had predicted. This positive adjustment, paired with a solid Buy recommendation, reflects Uber’s strong growth potential, supported by consistent consumer demand and continuous improvements to its platform. With Uber’s stock price currently ranging from $76 to $77 per share, Truist’s new target points to a possible 21% increase, presenting an attractive opportunity for those keeping an eye on Uber stock price predictions and investment prospects. The firm’s optimism is based on its review of card transaction data up to March 1, 2025, which shows that Uber’s Rides and Eats units are performing beyond expectations, prompting Truist to raise its firstquarter 2025 gross bookings forecast from $43.17 billion to $43.38 billion, exceeding the Wall Street average of $43.06 billion.

This updated projection aligns well with Uber’s own estimates, which expect gross bookings to fall between $43 billion and $44 billion for the first quarter, as noted in their latest earnings disclosure. Truist’s confidence draws from its proprietary card data, providing a clear picture of consumer spending patterns and acting as a strong gauge of Uber’s mobility and delivery gross bookings performance. The data indicates that the Rides division is either meeting or slightly topping forecasts, while the Eats segment is showing strongerthanexpected growth, suggesting a thriving ecosystem backed by dedicated users and appealing services. On top of this, Truist praises Uber’s advancement into autonomous vehicle technology, especially its recent service debut with Waymo in Austin, as a bold move that establishes Uber as a crucial partner for AV companies aiming to grow their presence, streamline operations, and improve efficiency in the autonomous ridesharing space.

Uber’s financial progress adds further weight to this bright outlook, with fourthquarter 2024 figures revealing an 18% yearoveryear jump in gross bookings and an impressive 44% boost in adjusted EBITDA, according to the company’s official earnings statement. These results demonstrate Uber’s skill in leveraging ongoing demand across its primary offerings, strengthening Truist’s belief in its continued upward path. The firm’s analysts stress that platform advancements and the adoption of autonomous vehicles are central to this target increase. The Waymo partnership, for instance, not only expands Uber’s service range but also signals future savings by cutting driverrelated costs, a development that could enhance profitability as autonomous tech becomes more widespread.

Other industry observers share Truist’s positive take, reinforcing the encouraging sentiment around Uber stock investment potential. BTIG recently confirmed its Buy rating with a $90 target, while Jefferies lifted its goal from $95 to $100, highlighting creative booking strategies as a growth booster. These views together suggest a company ready for expansion, though some, like Piper Sandler with a more cautious $87 target, take a slightly less aggressive stance. Looking back, Uber’s firstquarter 2024 gross bookings reached $37.65 billion, falling short of the anticipated $37.97 billion, per Investing.com reports. The projected rise to $43.38 billion in 2025 marks a substantial improvement, illustrating Uber’s ability to bounce back and surpass earlier standards.

Still, there are hurdles that could dampen this enthusiasm. Currency exchange shifts might affect reported gains, a concern raised in previous analyst notes, and competition from rivals like Lyft, with its Price Lock feature, could test Uber’s market lead. Even so, Uber’s vast network, enhanced by its scale and AV collaborations, appears wellprepared to handle these obstacles. Truist’s card data analysis further backs this durability, offering a fresh look at consumer trends that indicate Uber’s marketplace holds firm despite wider economic ups and downs.

For those considering Uber financial growth opportunities, Truist’s higher target and thorough assessment deliver a convincing case. The firm’s focus on longtail factors like Uber ridesharing revenue trends and Uber delivery market expansion provides an indepth perspective on the company’s advantages, while the AV initiative suggests exciting future possibilities. With the stock at $76 to $77 and a mostly upbeat analyst consensus, Uber emerges as a noteworthy choice for investors interested in the changing ridesharing and delivery landscape. The mix of sound fundamentals, forwardlooking partnerships, and a reliable customer base distinguishes Uber in Truist’s evaluation, indicating lasting potential as it moves through 2025 and into the future.