Uber Stock Races Toward $100. Wall Street Thinks It Can Go Even Higher.

Uber (UBER) stock is racing ahead, outperforming the broader equity markets with its gains. Shares of the mobility and delivery services provider surged to a new all-time high of $93.48 on May 20, marking impressive growth of about 54% since the start of the year.

While Uber stock has gained significantly, Wall Street analysts think it can go even higher as it continues to see steady growth in its user base, measured by monthly active platform consumers (MAPCs), along with rising trip volumes and gross bookings across its platform.