Uber stock (UBER) is having a solid 2025 so far, with shares climbing 47% year-to-date. Analysts at multiple firms have revised their price forecast for the stock in a bullish way. JPMorgan in particular recently hiked its forecast for UBER, citing growth in the autonomous-vehicle space.

JPMorgan increased its price target on Uber Technologies Inc (UBER) to $105 from $92. The firm also kept an Overweight rating on the delivery/rideshare company. After meeting with Uber’s management, the bank reports that the company’s alliance with Alphabet’s (GOOGL) Waymo is expected to generate improved utilization rates going forward. Moreover, the partnership may expand, JPMorgan reported.

Uber’s latest earnings and revenue both beat expectations, but the latter still fell short of Wall Street’s expectations. Indeed, earnings of 83 cents a share topped the 51 cents forecast, according to FactSet. Revenue rose 14% from the prior year to $11.5 billion, but narrowly missed the $11.6 billion projected by Wall Street analysts. The mixed earnings waved off investors, but this week, its dropoff has slowed.

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Furthermore, its efforts to adopt self-driving technology have intensified over the past year. Uber CEO Dara Khosrowshahi noted that the company made five new announcements related to AVs “in just the last week.” “Supported by the consistent strength of our core business, we continue to build towards the future,” Khosrowshahi said in a recent statement.

Out of 58 analysts surveyed by CNN Business, none suggest selling Uber stock. 83% of those surveyed suggest now is the time to buy, with a median forecast of $97 over the next year, giving an ROI of 9.38% from current prices and establishing a new ATH for the stock. Further, the analysts also project a high of $115 for the stock in 12 months.

Uber stock (UBER) is having a solid 2025 so far, with shares climbing 47% year-to-date. Analysts at multiple firms have revised their price forecast for the stock in a bullish way. JPMorgan in particular recently hiked its forecast for UBER, citing growth in the autonomous-vehicle space.

JPMorgan increased its price target on Uber Technologies Inc (UBER) to $105 from $92. The firm also kept an Overweight rating on the delivery/rideshare company. After meeting with Uber’s management, the bank reports that the company’s alliance with Alphabet’s (GOOGL) Waymo is expected to generate improved utilization rates going forward. Moreover, the partnership may expand, JPMorgan reported.

Uber’s latest earnings and revenue both beat expectations, but the latter still fell short of Wall Street’s expectations. Indeed, earnings of 83 cents a share topped the 51 cents forecast, according to FactSet. Revenue rose 14% from the prior year to $11.5 billion, but narrowly missed the $11.6 billion projected by Wall Street analysts. The mixed earnings waved off investors, but this week, its dropoff has slowed.

Also Read: Cryptocurrency: 3 Coins Capable Of Delivering Robust Returns By 2030

Furthermore, its efforts to adopt self-driving technology have intensified over the past year. Uber CEO Dara Khosrowshahi noted that the company made five new announcements related to AVs “in just the last week.” “Supported by the consistent strength of our core business, we continue to build towards the future,” Khosrowshahi said in a recent statement.

Out of 58 analysts surveyed by CNN Business, none suggest selling Uber stock. 83% of those surveyed suggest now is the time to buy, with a median forecast of $97 over the next year, giving an ROI of 9.38% from current prices and establishing a new ATH for the stock. Further, the analysts also project a high of $115 for the stock in 12 months.