Wall Street Bullish on Uber Technologies (UBER), Here’s Why

​Uber Technologies, Inc. (NYSE:UBER) is 1 of the Cheap NYSE Stocks to Buy Now. On December 8, Brian Nowak from Morgan Stanley reiterated a Buy standing connected the banal and lowered the terms people from $115 to $110. On the aforesaid day, Mark Mahaney from Evercore ISI reiterated a Buy standing connected the banal with a terms people of $150.

​The ratings travel Uber Technologies, Inc.’s (NYSE:UBER) motorboat of Robotaxi successful Dallas, announced connected December 3. Management noted that riders successful Dallas tin present beryllium matched with an Avride robotaxi. This caller robotaxi work volition beryllium disposable passim 9 quadrate miles of Dallas–from Downtown to Uptown to Turtle Creek to Deep Ellum. Management expects to grow its operations into further territory successful the future.

​Moreover, earlier connected November 26, Uber Technologies, Inc. (NYSE:UBER) had launched Level 4 afloat driverless Robotaxi for commercialized operations successful Abu Dhabi. This motorboat was successful collaboration with WeRide. The motorboat marked a important milestone arsenic this was the archetypal metropolis extracurricular the United States wherever Uber Technologies, Inc. (NYSE:UBER) hosted its driverless operations.

​Uber Technologies Inc. (NYSE:UBER) is simply a planetary exertion level that connects consumers with transportation, delivery, and logistics services. The institution operates done its Mobility, Delivery, and Freight segments, offering ride-hailing, repast delivery, and freight brokerage solutions.

While we admit the imaginable of UBER arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.