Rosenblatt's $100 Price Target and Buy Rating
Rosenblatt Securities began coverage of Uber Technologies (NYSE:UBER) on Tuesday with a "Buy" rating and a $100 price target, framing the company as a "durably compounding platform" and pointing to roughly 32% upside from the prior close. Uber stock edged about 0.3% higher overnight after a 4% drop in the regular session, and the shares had opened Tuesday at $75.61. The stock has declined 7% year-to-date.
View on Autonomous Vehicles and Core Businesses
Rosenblatt characterized the debate over autonomous vehicles as a longer-term concern rather than an immediate threat to Uber's financial performance, expecting the company's core ride-hailing, food and grocery delivery businesses to support steady growth. The initiation comes as Uber expands its robotaxi footprint, including a Tokyo pilot with Hinomaru Kotsu planned for later this year and a plan with Pony AI to deploy more than 2,000 robotaxis across additional European cities beyond Zagreb and into the Middle East.
AI Agents Reshaping Uber's Software Workflow
Uber said in a recent blog post that it is rapidly shifting from traditional developer workflows toward an AI-driven software operation, with autonomous agents increasingly handling coding, testing, debugging and other engineering tasks. More than 70% of Uber's pull requests now involve AI agents, engineers have created more than 3,600 specialized agent skills, and the company is processing over 30,000 agent-skill executions each day. From February through August, weekly active users of Uber's AI offerings increased sevenfold across technical and nontechnical employees, and Uber recorded an almost 34% drop in cost per 1,000 requests from its peak when holding the model constant.
Other Recent Analyst Takes on Uber
A MarketBeat tally cited in coverage lists one Strong Buy, 34 Buys, four Holds and three Sells on UBER, with a consensus "Moderate Buy" rating and an average target price of $104.14. Recent moves include TD Cowen reaffirming Buy with a $118 target, Royal Bank of Canada initiating with Outperform, Bank of America trimming its target from $104 to $103, and Roth Capital lowering its target from $105 to $100. Weiss Ratings had earlier cut its rating from "hold (c+)" to "hold (c)".
Retail Sentiment and Broader Backdrop
Retail sentiment on Stocktwits sat in "bearish" territory, with one user pointing to gross bookings growth around 20%, the Delivery Hero deal and expanding autonomous-vehicle partnerships as positives, while flagging AV margin dilution and competition as risks. Uber last reported quarterly earnings on August 5, posting adjusted EPS of $0.81 versus a $0.80 consensus on $14.19 billion in revenue, up 12.2% year over year, and guided Q3 2026 EPS to $0.840–$0.880.
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