Uber Technologies Inc. (NYSE:UBER) is one of the best AI stocks to buy for 2026, according to billionaire David Tepper. On May 7, analysts at Stifel reiterated a Buy rating on Uber Technologies Inc. (NYSE:UBER) and increased the price target to $102 from $94.
The price target hike follows the company’s solid first-quarter 2026 results, as it takes a capital-efficient approach to autonomous vehicles and embraces AI to drive growth and productivity. For the third consecutive quarter, gross bookings growth exceeded 21% with earnings scaling at more than twice the topline.
Uber is also benefiting from increasing customer engagement that continues to drive results and Gross Bookings per trip by 400 basis points in the recent quarter. The company is also gaining market share in US mobility, specifically in San Francisco and Los Angeles. It’s also enjoying robust growth in international delivery, with Australia Trips up 30% year over year.
Stifel remains bullish on Uber and raised the price target, buoyed by the company’s core platform outlook and growth initiatives, including autonomous vehicle rollouts, Eats, International expansion, and cross-product usage, which will continue to drive revenue growth.
Uber Technologies Inc. (NYSE:UBER) uses AI to enhance its marketplace efficiency and has expanded into providing AI data solutions for enterprise clients through its “Uber AI Solutions” division, offering services such as data labeling for AI model training. Uber also uses AI to optimize ride-hailing and food delivery, including route optimization and fraud detection, and integrates AI agents into its customer service.
While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 9 Best Green Energy Penny Stocks to Invest In and Top 10 Tech Stocks in Louis Navellier’s Portfolio.
Disclosure: None. Follow Insider Monkey on Google News.
