12:58 PM EDT, 07/30/2026 (MT Newswires) -- Uber Technologies ( UBER ) shares appear undervalued as investors look for growth, free cash flow and returns on investment, Oppenheimer said Wednesday in a report.

Uber's ( UBER ) broad network and logistics technology offer an advantage in gaining additional market share in ride-hailing service and online food delivery, areas that still have substantial room for global expansion, the report said.

Potential near-term catalysts include expansion into new markets, improvements in freight, new transportation solutions, growth in subscription products, and progress in autonomous technology, Oppenheimer said.

Uber ( UBER ) trades at 11 times its projected 2027 free cash flow, or 22% below peer averages, even after factoring in $1 billion of additional robotaxi capital spending, the report said.

Oppenheimer has an outperform rating on Uber ( UBER ) stock and a $100 price target.

Price: 69.37, Change: -1.83, Percent Change: -2.57