11:38 AM EDT, 08/06/2025 (MT Newswires) -- Uber Technologies ( UBER ) continues to deliver solid growth and margin expansion, though the risk/reward appears more balanced than in prior periods, Wedbush Securities said in a Wednesday note.

The brokerage cited the cyclical nature of the business and limited potential for further upside surprises versus investor expectations.

Wedbush said it is awaiting updates on drivers of near-term sustainable bookings growth, looming macro uncertainty and related changes in consumer behavior, the company's recent autonomous vehicle partnerships, and the pace of 2025 margin expansion.

"Longer term, we remain cautious as we weigh the eventual impact of AV disruption on established ridesharing networks as the industry evolves," according to the note.

The brokerage reiterated its neutral rating on the stock, with a price target of $85 per share.

Shares of Uber Technologies ( UBER ) were down nearly 2% in recent trading.

Price: 87.68, Change: -1.72, Percent Change: -1.92