Uber (UBER) Stock Forecast & Price Target

Uber Technologies demonstrates a strong positive outlook driven by robust growth in Monthly Active Platform Consumers (MAPCs), which reached 189 million with a year-over-year increase of 17%, exceeding expectations. The delivery segment is experiencing significant momentum, particularly in the Grocery & Retail category, achieving a ~$12 billion annualized gross bookings run-rate and benefiting from an increase in first-time users and improved frequency of use. Additionally, both mobility revenues increased by 18% year-over-year, boosted by a 22% growth in trips, underscoring the effectiveness of Uber's expanding service offerings and positive unit economics.

Uber Technologies reported an EBITDA loss of $20 million, an increase from a loss of $6 million in the previous quarter, indicating persistent financial challenges. There are concerns regarding slowing revenue growth, as evidenced by 3Q adjusted EBITDA falling approximately 0.5% short of consensus expectations and a slightly lower midpoint guidance for 4Q compared to the consensus. Additionally, while the company benefits from growth in gross bookings, the potential volatility related to the adoption of autonomous driving technology introduces significant risks that could impact future financial performance.