Uber Stock Is Down 25%, but Guggenheim Sees a Buying Opportunity

TLDR Uber (UBER) stock fell about 1% on Friday to around $70. Guggenheim reiterated a Buy rating and $125 price target, about 77% upside. Analyst Taylor Manley cited growth, low valuation and a stronger autonomous vehicle roadmap. The stock is down 25% versus a 16% gain for the S&P 500, tied largely to robotaxi concerns. Wall Street holds a Strong Buy consensus with an average price target of $102.80. Uber (UBER) stock fell about 1% on Friday to around $70. The drop came on the same day Guggenheim reiterated its Buy rating. Uber Technologies, Inc., UBER Analyst Taylor Manley kept his price target at $125. That implies about 77% upside from current levels. The stock is down more than 14% so far this year.

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