On Wednesday, May 8, 2024, UBER reported its earnings before the market opened, revealing an earnings per share (EPS) of -$0.32, which fell short of the estimated EPS of $0.22. The company's revenue stood at approximately $10.13 billion, slightly surpassing the estimated revenue of about $10.09 billion.
This financial update from Uber Technologies (UBER) highlighted a challenging quarter for the company, as it reported a quarterly loss of $0.32 per share, missing the Zacks Consensus Estimate of a $0.21 loss per share. This marked a significant increase in losses compared to the $0.08 loss per share reported in the same quarter a year ago, indicating a growing concern over the company's profitability.
Despite the increased loss, Uber managed to surpass revenue expectations, posting revenues of $10.13 billion for the quarter ended March 2024. This represents a growth from the $8.82 billion in revenue reported in the previous year and exceeded the Zacks Consensus Estimate by 0.55%. This revenue growth suggests that Uber is still expanding its business and finding ways to increase its market share, even as it struggles to achieve profitability. The company's CEO emphasized that Uber's primary competition is not other ride-hailing services but personal car ownership, indicating a strategic focus on long-term market dominance rather than short-term earnings.
However, the announcement of an unexpected quarterly loss led to a significant downturn in Uber's stock, which lost $12 billion in value. This reaction from the market underscores a growing impatience among investors regarding the company's path to profitability, especially as it nears its fifth anniversary as a publicly traded entity.
Despite this, analysts from JPMorgan, including Doug Anmuth and Neeraj Kookada, expressed the view that the initial sell-off was excessive. They maintain a bullish stance on Uber, with a price target of $95, suggesting nearly a 50% potential upside from the current levels. This optimism is rooted in Uber's strong performance prior to the earnings report, marked by record revenue, adjusted earnings, and gross bookings.
Following the earnings announcement, Uber Technologies Inc. (UBER) saw its stock price decrease by 6.25% to $66.03, reflecting a change of -$4.4. The stock fluctuated between a low of $63.84 and a high of $67.2 during the trading session, indicating market volatility in response to the earnings report. Over the past year, Uber's stock has reached a high of $82.14 and a low of $37.07, showcasing the company's potential for growth despite current challenges. With a market capitalization of approximately $137.44 billion and a trading volume of 24.38 million shares, Uber remains a significant player in the market, with the potential to overcome its profitability challenges and achieve long-term success.
Symbol | Price | %chg |
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CRM.BA | 18900 | 0.26 |
GOTO.JK | 59 | -1.69 |
462870.KS | 43100 | -1.39 |
263750.KQ | 36600 | -1.91 |
Uber Technologies Inc. (NYSE: UBER) is a global leader in the ride-hailing industry, offering services that connect drivers with passengers through its mobile app. The company is also expanding into food delivery and freight transportation. Uber faces competition from companies like Lyft and DoorDash in various segments. On July 20, 2025, Morgan Stanley maintained its "Overweight" rating for Uber, suggesting confidence in the company's growth potential. At that time, Uber's stock price was $90.59.
Morgan Stanley's decision to raise Uber's price target from $95 to $115, as highlighted by TheFly, indicates optimism about Uber's future performance. This optimism is supported by Uber's recent partnership with Lucid and Nuro to develop driverless cars. Despite this technological advancement, Uber's gig workers are not worried about their jobs. They believe that Uber will face challenges with the limitations and costs of autonomous technology.
Uber's stock price reflects a slight increase of 0.09%, or $0.09, reaching $90.59. The stock has fluctuated between $89.42 and $91.16 today. Over the past year, Uber's stock has seen a high of $97.72 and a low of $54.84. This volatility is common in the tech industry, where innovation and market dynamics can significantly impact stock prices.
Uber's market capitalization stands at approximately $189.44 billion, showcasing its substantial presence in the market. The company's trading volume today is 12.57 million shares, indicating active investor interest. As Uber continues to explore autonomous vehicle technology, the transition may not be immediate, ensuring ongoing opportunities for human drivers.
Needham raised its price target on Uber (NYSE:UBER) to $109 from $100, maintaining a Buy rating as recent trends in pricing and demand strengthen the case for continued growth.
The firm noted that both Uber and Lyft have seen slight quarter-over-quarter increases in ride prices, while demand remains resilient. For Uber, shorter wait times are providing a competitive edge, with the gap between Uber’s efficiency and Lyft’s pricing advantage reaching recent highs.
The price target bump reflects a higher valuation multiple, though still at a discount to where Uber currently trades. According to Needham, near-term market sentiment may hinge on developments in the autonomous vehicle space. Uber and Lyft’s upcoming partnership with May Mobility is viewed as a positive step, broadening the rideshare tech ecosystem. However, competition from Tesla’s expanding robotaxi ambitions and Waymo’s potential solo launches in Miami and Washington, DC could create headwinds for the multiple.
Despite those competitive risks, Needham remains confident in Uber’s ability to grow bookings, assuming consumer demand stays healthy.
Uber Technologies Inc. (NYSE:UBER) is a global leader in ride-sharing and food delivery services, known for its innovative approach to transportation, including investments in autonomous vehicle technology. Competing with other ride-sharing companies like Lyft and food delivery services such as DoorDash, Uber has recently received a "Buy" rating from Bank of America Securities, with its stock price at $97.52.
Bank of America analysts have increased Uber's price target from $97 to $115, citing several positive developments. These include favorable policy changes, advancements in autonomous vehicle technology, and a surge in bookings growth. On Tuesday afternoon, Uber's shares were trading at approximately $97, reflecting investor confidence in these growth drivers.
One significant policy change is the "No Tax on Tips" provision in President Donald Trump's spending bill, allowing gig workers, including Uber drivers, to deduct tips from taxable income without itemizing. With U.S. Uber drivers projected to earn $42 billion in 2025, and about $5.7 billion from tips, the estimated tax savings could be around $1 billion. This tax benefit is expected to boost driver earnings and indirectly support Uber's take rates.
Uber's partnerships in autonomous vehicle technology, including collaborations with Waymo, are also driving optimism. The company's ability to scale AV technology and the broader adoption of Level 4 AV tech are seen as positive indicators. Additionally, strong booking growth and the traction of Uber One suggest a solid subscriber base, further supporting Uber's growth prospects.
Uber's stock price has shown resilience, with a current price of $97.52, marking an increase of 0.84 or approximately 0.87%. The stock has fluctuated between a low of $95.11 and a high of $97.60 today, which is also its highest price over the past year. With a market capitalization of approximately $203.93 billion and a trading volume of 17.74 million shares, Uber remains a significant player in the market.
Uber Technologies Inc. (NYSE: UBER), a global leader in ride-sharing and food delivery services, received an upgrade to "Outperform" by Raymond James on June 18, 2025, with a stock price of $83.39. This upgrade, reported by Benzinga and featured on CNBC's 'Final Trades', suggests confidence in Uber's potential to outperform the market average.
Despite this positive outlook, Uber's stock has faced challenges, declining by 7.7% over the past month, while the Zacks S&P 500 composite rose by 0.6%. However, the Zacks Internet - Services industry, which includes Uber, gained 4.7% during the same period, highlighting the complexity of predicting Uber's future stock direction.
The Investment Committee at Zacks has identified Uber as a top stock to watch for the second half of the year, indicating potential growth opportunities or significant developments on the horizon. Investors are advised to closely monitor Uber's strategic moves and performance, as these could impact its stock value.
Wall Street analysts play a crucial role in shaping investor decisions. Uber holds an average brokerage recommendation (ABR) of 1.48, suggesting a position between Strong Buy and Buy. Out of 50 brokerage firms, 36 have rated Uber as a Strong Buy, and four as a Buy, reflecting strong positive sentiment among analysts.
Currently, Uber's stock trades at $83.37, experiencing a 1.64% decrease with a $1.39 drop. The stock's daily range is between $82.31 and $86.47, with a 52-week high of $93.60 and a low of $54.84. Uber's market capitalization stands at approximately $174.34 billion, with a trading volume of 19,979,992 shares today.
Uber Technologies (NYSE:UBER) is a leading player in the ride-hailing industry, known for its innovative approach to transportation. The company offers a platform that connects riders with drivers, providing a convenient and efficient way to travel. Uber faces competition from other ride-hailing services like Lyft and emerging technologies such as Tesla's robotaxi service.
On May 30, 2025, Morgan Stanley updated its rating for Uber to "Outperform," with the stock priced at $83.61. This rating suggests that Morgan Stanley expects Uber to perform better than the overall market. However, despite this positive outlook, Uber's stock has faced challenges due to competitive pressures.
Recently, Uber's stock price experienced a decline, falling to $82.93, its lowest point since May 12. This drop is largely due to concerns over Tesla's advancements in the robotaxi sector, which could impact Uber's market share. Tesla's CEO, Elon Musk, announced successful tests of self-driving Model Y cars, raising fears about Uber's future dominance.
The news of Tesla's impending robotaxi launch in Austin on June 12, as reported by Bloomberg, has intensified these concerns. Uber's stock fell over 4% to $84.05, dropping below its 21-day moving average. This development has reignited investor worries about the potential impact of robotaxis on Uber's market position.
Despite these challenges, Uber maintains a strong market presence with a market capitalization of approximately $174.84 billion. The stock has fluctuated between $82.52 and $84.65 during the day, reflecting the market's reaction to the competitive landscape. As the ride-hailing industry evolves, Uber continues to navigate the challenges posed by emerging technologies.
Uber Technologies (NYSE:UBER) reported first-quarter earnings that exceeded Wall Street expectations, but shares fell more than 2% today as revenue narrowly missed estimates and overshadowed strong underlying performance.
The company posted adjusted earnings per share of $0.83, easily beating the $0.51 analyst forecast. However, revenue came in slightly short at $11.53 billion versus the $11.62 billion consensus. Gross bookings rose 14% year-over-year to $42.8 billion, or 18% on a constant currency basis, while trips jumped 18% to 3 billion. Monthly Active Platform Consumers also rose 14%, reinforcing the company’s solid user growth across mobility and delivery services.
Uber delivered a 35% increase in adjusted EBITDA, reaching $1.9 billion for the quarter, with margin expansion to 4.4% of gross bookings, up from 3.7% a year ago. The company also reported more than $2 billion in free cash flow for the quarter, underscoring improved capital efficiency.
Despite the revenue miss, management highlighted strong user retention and scale-driven profitability. Looking ahead, Uber forecasts second-quarter gross bookings between $45.75 billion and $47.25 billion, and adjusted EBITDA in the range of $2.02 billion to $2.12 billion—representing up to 35% growth from the prior year.
Uber Technologies (NYSE:UBER) reported first-quarter earnings that exceeded Wall Street expectations, but shares fell more than 2% today as revenue narrowly missed estimates and overshadowed strong underlying performance.
The company posted adjusted earnings per share of $0.83, easily beating the $0.51 analyst forecast. However, revenue came in slightly short at $11.53 billion versus the $11.62 billion consensus. Gross bookings rose 14% year-over-year to $42.8 billion, or 18% on a constant currency basis, while trips jumped 18% to 3 billion. Monthly Active Platform Consumers also rose 14%, reinforcing the company’s solid user growth across mobility and delivery services.
Uber delivered a 35% increase in adjusted EBITDA, reaching $1.9 billion for the quarter, with margin expansion to 4.4% of gross bookings, up from 3.7% a year ago. The company also reported more than $2 billion in free cash flow for the quarter, underscoring improved capital efficiency.
Despite the revenue miss, management highlighted strong user retention and scale-driven profitability. Looking ahead, Uber forecasts second-quarter gross bookings between $45.75 billion and $47.25 billion, and adjusted EBITDA in the range of $2.02 billion to $2.12 billion—representing up to 35% growth from the prior year.