Uber Technologies (UBER) is one of the most popular choices of top-growth investment stock on the market, according to Goldman Sachs. The rideshare and delivery service platform has been down over the last month following Tesla’s post-election surge. However, UBER stock has still had a solid 2024, rising 15% year-to-date. As the most widely used ride-sharing service in the US, investment experts at Goldman Sachs Bank still see UBER as a top choice for investors looking for solid growth in 2025.
UBER stock has seen a significant recovery as the challenges posed by the pandemic began to ease. The company continued to grow, particularly in the food delivery sector. Despite the growth and solid earnings each quarter in 2024, the company is still trailing behind Tesla (TSLA).
Following Tesla’s October Robotaxi event and the negative reaction from the press, TSLA stock fell while UBER rose. However, new president-elect Donald Trump promised Musk a seat on his team if he won the election. Trump would deliver on this promise, giving Elon Musk the reigns over the new Department of Government Efficiency (DOGE). Musk and his companies Tesla and Space X all flourished following November 5. Musk’s net worth spiked a few hundred million, and Tesla/Space X stock surged. With its rival booming in price and the future of automated vehicles coated in Tesla, UBER went ice cold. Despite that continuous streak, it seems that experts are still bullish.
Indeed, experts at different finance firms, including Goldman Sachs, still see potential in Uber stock for investors. While Sachs is pushing investors to buy in on the stock, experts on Wall Street and from various insight groups are raising their price predictions for UBER, showing continuous faith in the company to rebound. Jefferies analyst John Colantuoni is one of the experts considering UBER as a buy now. The analyst has set a target of $100 for Uber stock. “Uber is uniquely positioned to support growth for autonomous vehicle developers,” Colantuoni wrote. “Robotaxis could significantly expand Uber’s total addressable market…given the resulting increase in supply would drive lower-priced AV offerings.”
While AI stocks are currently the wave to jump on, Goldman Sachs and other experts aren’t waving off Uber just yet.
