Uber added to Best Ideas List at Wedbush

Wedbush added Uber (UBER) to the firm’s Best Ideas List. Wedbush thinks the risk/reward for Uber has become more attractive with shares trading for only 12.9times its 2026 adjusted EBITDA estimate reflecting terminal risk related to AVs. The firm views the dislocation as unwarranted for a company demonstrating strong fundamentals, with top-line growth in the mid-teens and adjusted EBITDA set to grow over +30% year-over-year in each of the next two years. While the long-term evolution of the AV industry is admittedly uncertain, Wedbush believes the company will likely have a role to play as a partner to leading AV technology providers. In the near-term, it sees minimal risk to the company’s financials and highlights the limited availability of AVs today and possible challenges that AV providers will face as they scale their networks, including operating costs and CapEx constraints. The firm has an Outperform rating on the shares with a price target of $86.