Truist Securities has reiterated a Buy rating on Uber Inc. (NYSE: UBER) and set a $108.00 price target after the company disclosed plans to acquire the delivery business of Turkish firm Getir. At the time of the note, Uber was trading at $73.83 and the analysts’ consensus implied roughly 42% upside to the Truist target. External valuation analysis referenced in the market commentary indicates Uber may be trading below its Fair Value.
According to Truist, the addition of Getir’s privately held delivery operations will contribute incremental gross bookings to Uber’s Delivery segment in Türkiye over the next several years. The firm sees the deal as consistent with Uber’s established position in ground transportation and delivery, noting the company’s substantial market capitalization of $154 billion.
This transaction follows Uber’s earlier announcement in May 2025 that it would acquire Trendyol Go, the grocery delivery arm of private company Trendyol, for roughly $700 million in cash. At that time, Uber identified Turkey as its third-largest untapped delivery market after Brazil and India, and the Getir deal reinforces the company’s focus on expanding its footprint in the region.
Uber and its advisors expect the Getir acquisition to lift the company’s international geographic reach and to contribute to gross bookings growth for the Delivery segment beginning in the second half of 2026 and continuing thereafter. The acquisition encompasses Getir’s food, grocery, retail and water delivery services and is subject to regulatory approval. Financial terms for the transaction were not disclosed. Uber has indicated it will integrate Getir and Trendyol Go under its ownership while retaining separate consumer-facing applications for each service.
In parallel with the M&A activity, Uber has extended its payments partnership with Adyen to cover additional territories. The agreement expands support for payment processing in places including the United Arab Emirates, Hong Kong and the Caribbean, and it broadens local acquiring services in Japan, Mexico, New Zealand and Australia.
On the analyst front, Truist adjusted its price target to $108 from $110 while keeping a Buy rating, citing strong recent quarterly results and forward guidance that reflect what the firm describes as solid underlying fundamentals. Separately, RBC Capital has maintained an Outperform rating on Uber with a $105 price target, describing the company’s fundamentals as "rock solid" even as the bank noted concerns tied to autonomous vehicle risks that could be discounting the stock in the near term. RBC also suggested the market may be undervaluing Uber because of these longer-term uncertainties.
Taken together, the Getir acquisition, the prior Trendyol Go purchase, and the expanded payment processing arrangement signal a coordinated push to scale delivery operations in Türkiye and to shore up the payments infrastructure supporting those services. Truist’s Buy stance and RBC’s continued Outperform call reflect analyst confidence in Uber’s growth prospects for its Delivery business amid this expansion.