
Uber (UBER) Stock Forecast & Price Target
Uber (UBER) Analyst Ratings
Bulls say
Uber Technologies demonstrated a robust growth trajectory, achieving a record monthly user base of 180 million, up 15% year-over-year, alongside an impressive 20% increase in both trips per user and active drivers/couriers. The company's diverse service offerings, particularly in the Delivery segment, have resulted in a significant 20% growth in gross bookings (excluding foreign exchange), driven by strategic investments in retail and grocery services, indicating a strong demand momentum. Additionally, the introduction of premium vehicle offerings and innovations like Uber Reserve has further augmented user engagement, positioning Uber well to capitalize on evolving consumer preferences and expansive market opportunities in both mobility and delivery sectors.
Bears say
The financial outlook for Uber Technologies is negatively impacted by a consistent decline in freight revenue, which has dropped 1% year-over-year for two consecutive quarters, indicating potential weakening demand in this segment. Additionally, ongoing geopolitical uncertainty and challenges related to the proliferation of autonomous vehicles could adversely affect rideshare demand, while increasing competition from companies like Instacart and Amazon presents further risks to Uber's market share, particularly in grocery delivery. Moreover, high insurance costs pose a significant barrier to profitability in the U.S. mobility sector, with a large percentage of gross bookings being allocated toward insurance, thereby hindering overall financial performance.
This aggregate rating is based on analysts' research of Uber and is not a guaranteed prediction by Public.com or investment advice.
Uber (UBER) Analyst Forecast & Price Prediction
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