Uber Technologies shares have been on fire, and Guggenheim Securities thinks there are more gains to be had. Analyst Taylor Manley initiated coverage of the ride-sharing giant with a buy rating. His $140 price target signals upside of 48% from Tuesday’s close. Such an advance would add to Uber’s already massive 56% surge this year. However, Manley thinks the company’s market leadership in the space positions it for further growth. UBER YTD mountain UBER year to date “Our BUY thesis is underpinned by the company’s asset base consisting of industry-leading 1) network, 2) technology, and 3) brand equity. Uber’s multi-platform network is > 3x that of next ‘Gig’ peer, with reach positioning the Rideshare leader for increased Autonomous Vehicle (AV) adoption,” Manley wrote. “We believe AV debate to remain a key driver of sentiment with bulls highlighting market expansion potential, bears arguing disintermediation risk,” he said. “We expect AVs to account for 20% of overall U.S. Rideshare by 2035E (international on 5-10 year lag) with Uber’s industry-leading demand benefiting from increased AV supply.” Uber shares were down slightly in the premarket despite Guggenheim’s bullish call. Most analysts are bullish on the stock. LSEG data shows that 43 of 54 analysts rate it a buy or strong buy, per LSEG. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
