Canaccord Genuity Keeps Hold Rating on Uber with PT Raised to $16.

Canaccord Genuity Keeps Hold Rating on Uber with PT Raised to $16.

September 12, 2025 - Canaccord Genuity has maintained its hold rating on Uber Technologies Inc. (NYSE: UBER) but raised its price target to $16. This update comes as the company continues to demonstrate strong financial performance and strategic growth across its core segments.

As of October 6, 2025, Uber Technologies Inc. remains a prominent player in the technology, transportation, and logistics sectors. The company has shown consistent performance, with an 18% year-over-year (YoY) increase in both trips (3.3 billion) and gross bookings ($46.8 billion) in Q2 2025. Revenue grew 18% YoY to $12.7 billion, and income from operations surged by 82% YoY to $1.5 billion, while Adjusted EBITDA rose by 35% YoY to a record $2.1 billion In-Depth Stock Analysis: Uber Technologies Inc. (UBER)^[1].

The company's business model, centered on its proprietary technology platform, has proven resilient and adaptable. Uber's operations are divided into three major segments: Mobility, Delivery, and Freight. The company's ability to diversify its offerings and maintain a dominant market share, particularly in the U.S. ride-hailing industry (75% market share), has been a key factor in its success In-Depth Stock Analysis: Uber Technologies Inc. (UBER)^[1].

Canaccord Genuity's analysts highlight Uber's strategic initiatives and market position, noting that the company's continuous investment in autonomous driving technology and new delivery methods like drone delivery positions it for future growth. The authorization of a new $20 billion share repurchase program in Q2 2025 also demonstrates management's confidence in the company's trajectory and financial health In-Depth Stock Analysis: Uber Technologies Inc. (UBER)^[1].

Uber's historical background is marked by significant technological innovation and market expansion. The company was founded in 2009 and has since grown to operate in approximately 70 countries and 15,000 cities worldwide. Key milestones include the launch of UberX in 2012, which broadened its user base, and the introduction of Uber Eats and Uber Freight in 2014 and 2017, respectively In-Depth Stock Analysis: Uber Technologies Inc. (UBER)^[1].

The company's leadership changes and cultural overhaul under Dara Khosrowshahi have focused on stabilizing operations, improving governance, and rebuilding its public image. Strategic divestitures and acquisitions have also played a significant role in Uber's evolution, including the sale of its Indian Uber Eats operations to Zomato and the acquisition of Postmates for $2.65 billion In-Depth Stock Analysis: Uber Technologies Inc. (UBER)^[1].

Uber's commitment to sustainability is evident, with the company aiming to achieve carbon neutrality globally by 2040. This focus on environmental responsibility, coupled with its continuous investment in new technologies, positions Uber for long-term growth and success.