12:27 PM EST, 11/04/2025 (MT Newswires) -- Uber Technologies' ( UBER ) "lack" of clear, near-term catalysts will restrict upside, even after the company's "solid" Q3 results and "healthy" Q4 outlook, Wedbush Securities said in a Tuesday note.

The company reported Q3 earnings of $3.11 per diluted share, up from $1.20 a year earlier, as revenue increased to $13.47 billion from $11.19 billion.

"While recent results have met expectations, we remain cautious as we weigh the eventual impact of autonomous vehicle disruption on established ride-sharing networks as the industry evolves," Wedbush said.

Uber's ( UBER ) plan to deploy its own fleet of autonomous vehicles in the comings years also faces several issues, such as a potential conflict with Waymo, competition with Tesla's (TSLA) upcoming robotaxi network, and other execution risks, Wedbush said.

Wedbush maintained its neutral rating and $84 price target on Uber Technologies ( UBER ).

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