Uber (UBER) Stock Forecast & Price Target

Uber Technologies has demonstrated robust growth in its Monthly Active Platform Consumers (MAPCs), reaching 189 million—an increase of 17% year-over-year, which outperformed consensus expectations. The company's Delivery segment continues to show significant revenue growth, with $4.477 billion generated, marking a 27% increase year-over-year, driven by the expanding Grocery & Retail category and improved unit economics. Furthermore, Mobility revenues increased by 18% year-over-year, showcasing an acceleration in trips growth to 22%, highlighting a positive trend in audience and frequency that bodes well for future performance.

Uber Technologies reported an EBITDA loss of $(20) million in the recent quarter, indicating a deterioration from prior periods, including a loss of $(6) million in 2Q and $(19) million in 3Q24. The company's revenue growth is showing signs of slowing, with the adjusted EBITDA for Q3 falling approximately 0.5% short of consensus estimates, raising concerns about future profitability amid increasing competition and regulatory challenges. Additionally, while significant potential exists in autonomous driving, the lack of clarity regarding the pace of this technology's adoption presents a notable risk to Uber's long-term financial outlook.