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JPMorgan Chase has reaffirmed its "Overweight" rating for Uber and elevated its target price to $92. The report highlights that Uber witnessed an 18% surge in total bookings during the first quarter of 2025. While the ride-hailing segment's growth decelerated to 20%, the delivery business sustained a stable 18% growth rate. The company's monthly active user base expanded by 14%, and both the driver supply and merchant count continued to improve. Furthermore, Uber has achieved remarkable advancements in autonomous driving, collaborating with 18 partners and preparing to introduce related services in the United States, Europe, and the Middle East. The scope of its collaboration with Waymo is also widening. JPMorgan Chase remains optimistic about Uber's growth potential and its pivotal role within the autonomous driving ecosystem.
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