Uber Technologies Inc. (NYSE: UBER) Sees Rating Upgrade Amid Market Challenges

• Raymond James upgraded Uber Technologies Inc. (NYSE: UBER) to "Outperform" with a stock price of $83.39.
• Despite a 7.7% decline over the past month, Uber is identified as a top stock to watch by Zacks Investment Committee.
• Uber holds an average brokerage recommendation (ABR) of 1.48, indicating strong analyst confidence.

Uber Technologies Inc. (NYSE: UBER), a global leader in ride-sharing and food delivery services, received an upgrade to "Outperform" by Raymond James on June 18, 2025, with a stock price of $83.39. This upgrade, reported by Benzinga and featured on CNBC's 'Final Trades', suggests confidence in Uber's potential to outperform the market average.

Despite this positive outlook, Uber's stock has faced challenges, declining by 7.7% over the past month, while the Zacks S&P 500 composite rose by 0.6%. However, the Zacks Internet - Services industry, which includes Uber, gained 4.7% during the same period, highlighting the complexity of predicting Uber's future stock direction.

The Investment Committee at Zacks has identified Uber as a top stock to watch for the second half of the year, indicating potential growth opportunities or significant developments on the horizon. Investors are advised to closely monitor Uber's strategic moves and performance, as these could impact its stock value.

Wall Street analysts play a crucial role in shaping investor decisions. Uber holds an average brokerage recommendation (ABR) of 1.48, suggesting a position between Strong Buy and Buy. Out of 50 brokerage firms, 36 have rated Uber as a Strong Buy, and four as a Buy, reflecting strong positive sentiment among analysts.

Currently, Uber's stock trades at $83.37, experiencing a 1.64% decrease with a $1.39 drop. The stock's daily range is between $82.31 and $86.47, with a 52-week high of $93.60 and a low of $54.84. Uber's market capitalization stands at approximately $174.34 billion, with a trading volume of 19,979,992 shares today.