Guggenheim reiterated its Buy rating for Uber Technologies Inc. with a $125 price target on Tuesday.
The firm expects the 2026 World Cup to boost Mobility Gross Bookings by 100 basis points in the second and third quarters. FIFA anticipates approximately 6.5 million affluent international travelers will visit North America for the tournament.
Guggenheim identifies second-half autonomous vehicle rollouts as a major opportunity to improve investor sentiment. The firm views these launches as a key potential unlock for the stock.
Uber currently trades near its 52-week low. Nineteen analysts recently revised their earnings estimates upward for the upcoming period.