Uber Technologies, Inc. saw analyst activity this week with Mizuho Securities reaffirming a Buy rating and a $130 price target on January 9. Cantor Fitzgerald reduced its price target to $99 from $108 on January 8 while maintaining an Overweight rating. The firm told investors the outlook for Global Internet stocks into 2026 is increasingly positive despite lingering macro concerns.
Cantor Fitzgerald stated this outlook is supported by AI entering a "Synergy" phase expected to drive improved value capture, accelerating revenue growth, and clearer long-term returns on capex. The firm added the group is well positioned to outperform in 2026 with improving sentiment and positive estimate revisions, with valuations still around 20% below medium-term ranges despite 2025 outperformance.
Earlier on January 6, Jefferies and BofA both maintained Buy ratings on Uber stock. Jefferies kept a $120 price target while BofA reiterated $119. Jefferies anticipates durable Mobility growth and progress in the company's AV partnerships, which support its bullish outlook.
These rating updates followed Uber's announcement on January 5 alongside Lucid Group, Inc. and Nuro, Inc. revealing production intent vehicles for their global robotaxi service. At the Consumer Electronics Show 2026, they introduced for the first time the Uber-designed in-cabin rider experience. The companies also announced that autonomous on-road testing began last month.
This development marked a notable milestone in the robotaxi service's development and validation ahead of its anticipated launch in the San Francisco Bay Area later this year.