Uber stock (NYSE: UBER) is back in the spotlight after the company announced that it is in advanced talks to acquire Delivery Hero for $11.5 billion and expand its business in Europe. Delivery Hero is a major European online food delivery company with a market cap of nearly $12.7 billion. The potential deal will draw regulatory scrutiny before being given approval for the takeover.
The development has put Uber stock on the map, as its price is trading well below the $100 mark at $72. It is among the most affordable equities that retail investors can accumulate in their portfolio. Wall Street analysts scrambled to rewrite their price targets for the hail-riding giant on the heels of the potential acquisition. The majority of them have been bullish, making an entry position now the best bet.
Also Read: Wells Fargo Cuts Uber Stock Price Target
Uber Stock Price Target: KeyBanc Goes Bullish
Justin Patterson, the Managing Director and Equity analyst at KeyBanc, has maintained his buy rating for Uber stock. In a note sent to clients on Tuesday (July 14, 2026), Patterson wrote that the cab-hailing giant is all set to deliver robust double-digit gains, as close to an uptick of 50%. The analyst remains extremely bullish on the stock’s prospects, indicating that the $70 level is the best phase to accumulate. Taking an entry position now could be better suited to reap the profits it has to deliver.
The KeyBanc analyst has predicted that Uber stock would reach a price target of $105. That’s an uptick and return on investment (ROI) of approximately 46% from its current price of $72. Therefore, an investment of $1,000 could turn into $1,460 if the price prediction reaches the target. However, Patterson has downgraded his prediction from $110 to $105. He trimmed $5 from the forecast, indicating that the regulatory scrutiny could affect the equity’s prospects.