Uber (UBER) Stock Forecast & Price Target

Uber Technologies is supported by resilient demand across Mobility and Delivery, with gross bookings of $59.8B rising 20% and Delivery operating income up 30% to $1.1B, showing that platform diversification is translating into meaningful earnings power. Management is also strengthening the long-term growth mix through Wait & Save, premium rides, Uber for Business, and Grocery & Retail, while AV expectations of about 700 driverless vehicles by YE26 and 2,000+ by YE27 add a credible new monetization avenue. Although driver supply constraints and higher incentives may pressure near-term take rates, the company’s scale, international reach, and continued buybacks support an attractive risk-reward profile.

Uber Technologies is facing a weaker fundamental setup because its core Mobility growth is constrained by elevated fuel prices, tighter driver availability, and international supply pressures that already left gross bookings 1–2 points below internal expectations. Its outlook is also burdened by regulatory and competitive risks, along with an increasingly promotional food-delivery market and the possibility that Uber Eats volumes slow in a downturn as discretionary restaurant spending softens. At the same time, heavy investment in autonomous and new verticals could fail to generate timely demand, while revised 2026E/2027E/2028E assumptions imply only modest gross bookings improvement and lower EBITDA and non-GAAP EPS.