Upside case
Bull case
$224+206.4%
UBER would need investors to value it at roughly 66x earnings — about 45x more generous than today's 22x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Uber Technologies, Inc. (UBER) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
61
analysts
50 bullish · 0 bearish · 61 covering UBER
Strong Buy
1
Buy
49
Hold
11
Sell
0
Strong Sell
0
Consensus Target
$105
+43.8% vs today
Scenario Range
— – $224
Model bear to bull value window
Coverage
61
Published analyst ratings
Valuation Context
21.7x
Forward P/E · Market cap $151.6B
UBER price targets
Three scenarios for where UBER stock could go
Current
~$73
Confidence
52 / 100
Updated
May 1, 2026
Where we are now
Current · $73
Base
$101
Bull
$224
Market caseClosest to today
Base case
$101+38.6%
At 30x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Uber Technologies, Inc.
UBER · NYSETechnologySoftware - ApplicationDecember year-end
Uber operates a global platform connecting riders with drivers for transportation and connecting consumers with restaurants and stores for delivery services. It generates revenue primarily from its Mobility segment — taking a commission from ride fares — and its Delivery segment — taking fees from restaurant and grocery orders, with both segments contributing roughly equal shares. Its key advantage is its massive two-sided network effect — the more drivers and restaurants on the platform, the better the service for consumers, creating a powerful moat that's difficult for competitors to replicate at scale.
Market Cap
$151.6B
Revenue TTM
$52.0B
Net Income TTM
$10.1B
Net Margin
19.3%
UBER Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
75%Exceptional
12 quarters tracked
Revenue Beat Rate
83%Exceptional
vs consensus estimates
Avg EPS Surprise
+257.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 3 of 4Q2 2025
EPS
$0.83/$0.51
Revenue
$11.5B/$11.6B
Q3 2025
EPS
$0.63/$0.63
Revenue
$12.7B/$12.5B
Q4 2025
EPS
$3.11/$0.69
Revenue
$13.5B/$13.3B
Q1 2026
EPS
$0.14/$0.79
Revenue
$14.4B/$14.3B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $0.83/$0.51 | +63.4% | $11.5B/$11.6B | -0.8% |
| Q3 2025 | $0.63/$0.63 | +0.2% | $12.7B/$12.5B | +1.4% |
| Q4 2025 | $3.11/$0.69 | +350.7% | $13.5B/$13.3B | +1.4% |
| Q1 2026 | $0.14/$0.79 | -82.2% | $14.4B/$14.3B | +0.3% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$60.0B
+15.4% YoY
FY2
$71.9B
+19.8% YoY
EPS Outlook
FY1
$4.47
-6.4% YoY
FY2
$6.53
+46.1% YoY
Trailing FCF (TTM)$9.8B
FCF Margin: 18.8%
Next Earnings
May 6, 2026
Expected EPS
$0.71
Expected Revenue
$13.3B
UBER beat EPS estimates in 3 of 4 tracked quarters. A strong delivery record supports forward estimate credibility.
UBER Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2024
Total disclosed revenue $44.0B
Product Mix
Latest annual revenue by segment or product family
Mobility
57.0%
+26.5% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
United States And Canada
53.7%
+15.6% YoY
Tap, hover, or focus a slice to inspect segment detail.
Mobility is the largest disclosed segment at 57.0% of FY 2024 revenue, up 26.5% YoY.
United States And Canada is the largest reported region at 53.7%, up 15.6% YoY.
UBER Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $123 — implies +64.3% from today's price.
Upside to Fair Value
64.3%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
UBER
15.5x
vs
S&P 500
25.1x
38% discount
vs Technology Trailing P/E
UBER
15.5x
vs
Technology
26.7x
42% discount
vs UBER 5Y Avg P/E
Today
15.5x
vs
5Y Average
33.8x
54% discount
Forward PE
21.7x
S&P 500
19.1x
+13%
Technology
22.1x
-2%
5Y Avg
—
—
Trailing PE
15.5x
S&P 500
25.1x
-38%
Technology
26.7x
-42%
5Y Avg
33.8x
-54%
PEG Ratio
—
S&P 500
1.72x
—
Technology
1.52x
—
5Y Avg
—
—
EV/EBITDA
25.0x
S&P 500
15.2x
+64%
Technology
17.5x
+43%
5Y Avg
44.8x
-44%
Price/FCF
15.5x
S&P 500
21.1x
-26%
Technology
19.5x
-20%
5Y Avg
50.0x
-69%
Price/Sales
2.9x
S&P 500
3.1x
-7%
Technology
2.4x
+19%
5Y Avg
3.2x
-8%
Dividend Yield
—
S&P 500
1.87%
—
Technology
1.16%
—
5Y Avg
—
—
| Metric | UBER | S&P 500 | Technology | 5Y Avg UBER |
|---|---|---|---|---|
| Forward PE | 21.7x | 19.1x+13% | 22.1x | — |
| Trailing PE | 15.5x | 25.1x-38% | 26.7x-42% | 33.8x-54% |
| PEG Ratio | — | 1.72x | 1.52x | — |
| EV/EBITDA | 25.0x | 15.2x+64% | 17.5x+43% | 44.8x-44% |
| Price/FCF | 15.5x | 21.1x-26% | 19.5x-20% | 50.0x-69% |
| Price/Sales | 2.9x | 3.1x | 2.4x+19% | 3.2x |
| Dividend Yield | — | 1.87% | 1.16% | — |
UBER trades above S&P 500 benchmarks on 2 of 5 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolUBER Financial Health
Verdict
Strong
UBER generates $9.8B in free cash flow at a 18.8% margin — 13.6% ROIC signals a durable competitive advantage · returns 4.3% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$52.0B
Revenue Growth
TTM vs prior year
+18.3%
Gross Margin
Gross profit as a share of revenue
39.8%
Operating Margin
Operating income divided by revenue
10.7%
Net Margin
Net income divided by revenue
19.3%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$4.77
Free Cash Flow (TTM)
Cash generation after capex
$9.8B
FCF Margin
FCF as share of revenue — the primary cash quality signal
18.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
13.6%
ROA
Return on assets, trailing twelve months
16.3%
Cash & Equivalents
Liquid assets on the balance sheet
$7.7B
Net Cash
Cash exceeds total debt — no net leverage
$6.3B
Debt Serviceability
Net debt as a multiple of annual free cash flow
Net cash ✓
ROE *
Return on equity, trailing twelve months
35.8%
* Elevated by buyback-compressed equity — compare ROIC (13.6%) for an undistorted picture of capital efficiency.
Shareholder Returns
How capital is returned to owners
Total shareholder yield
4.3%
Dividend
—
Buyback
4.3%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$6.5B
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Declining as buybacks retire shares
2.1B
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt). ROE marked * where buyback-compressed equity base may inflate the figure.
Open full ratios pageUBER Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Driver Classification Legal Risk
Ongoing litigation over whether Uber drivers are employees or independent contractors could force the company to absorb significant labor costs, benefits, and liability expenses. A reclassification would likely raise per‑ride costs and reduce profitability.
High Risk
Regulatory Compliance & Fines
Uber has historically launched services before securing permits, leading to regulatory clashes, fines, and outright bans in several cities and countries. Continued non‑compliance could result in costly penalties and operational shutdowns.
High Risk
Safety & Liability Risk
Incidents of sexual assault and other safety concerns involving drivers and passengers have triggered lawsuits and damaged Uber’s reputation. Robust safety protocols and insurance coverage are essential to mitigate legal exposure.
Medium
Competitive Pricing Pressure
Intense rivalry from Lyft, DoorDash, and regional players forces aggressive pricing, heavy promotional spend, and continuous tech investment to retain market share. These dynamics erode margins and increase operating costs.
Medium
Autonomous Vehicle Disruption
While Uber invests in AV technology, competitors like Waymo and Tesla are advancing rapidly. Failure to achieve cost‑effective AV deployment could render Uber’s ride‑hailing model obsolete.
Lower
Seasonal Revenue Volatility
As growth slows, seasonal patterns in ride demand are expected to become more pronounced, potentially reducing revenue predictability. This could impact quarterly earnings and cash flow.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why UBER Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Robust Trip & Booking Growth
Uber’s core rideshare business saw trips rise 22% year‑over‑year in Q4 2025, matching a 22% increase in Gross Bookings. The platform now serves 202 million monthly active consumers and averages over 40 million trips per day.
Free Cash Flow Surge
Free cash flow hit a record $2.81 billion in Q4 2025, up 65% YoY, and totaled $9.8 billion for the full year— a 42% increase. This cash‑generation momentum underpins future valuation.
AV Monetization via Rivian Partnership
Uber is positioning itself as the largest AV trip facilitator, partnering with Rivian to deploy 50,000 robotaxis. The strategy aims to unlock a multitrillion‑dollar opportunity in autonomous mobility.
Delivery EBITDA Growth
Uber Eats’ Adjusted EBITDA grew 40% YoY in Q4 2025, underscoring the segment’s profitability and potential as a profit engine.
Uber One Subscription Expansion
The Uber One service now has 46 million members, driving higher revenue per member and improving margin structure through cross‑service loyalty.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
UBER Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$72.95
52W Range Position
13%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$68.46
+6.6% from the low
52-Week High
$101.99
-28.5% from the high
1 Month
+1.08%
3 Month
-3.00%
YTD
-12.0%
1 Year
-14.6%
3Y CAGR
+24.6%
5Y CAGR
+7.3%
10Y CAGR
+5.8%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
UBER vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
21.7x
vs 30.9x median
-30% below peer median
Revenue Growth
+15.4%
vs +27.3% median
-43% below peer median
Net Margin
19.3%
vs 7.9% median
+144% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
UBE UBER Uber Technologies, Inc. | $151.6B | 21.7x | +15.4% | 19.3% | Buy | +43.8% |
LYF LYFT Lyft, Inc. | $5.6B | 23.6x | +14.6% | 45.0% | Hold | +36.3% |
DAS DASH DoorDash, Inc. | $71.6B | 65.2x | +35.5% | 6.8% | Buy | +52.5% |
GRA GRAB Grab Holdings Limited | $14.6B | 33.6x | +27.3% | 7.9% | Buy | +82.1% |
BOL BOLT Bolt Biotherapeutics, Inc. | $9M | — | +29.6% | -433.7% | Hold | +44.0% |
ABN ABNB Airbnb, Inc. | $85.0B | 28.2x | +14.9% | 22.0% | Hold | +4.1% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
UBER Dividend and Capital Return
UBER returns 4.3% annually — null% through dividends and 4.3% through buybacks.
Dividend UnknownFCF Unknown
Total Shareholder Yield
4.3%
Dividend + buyback return per year
Buyback Yield
4.3%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.00
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
—
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$6.5B
Estimated Shares Retired
89M
Approx. Share Reduction
4.2%
Shares Outstanding
Current diluted share count from the screening snapshot
2.1B
At 4.2%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
FAQ
7 questionsUBER Investor Questions
Common questions answered from live analyst data and company financials.
01Is Uber Technologies, Inc. (UBER) stock a buy or sell in 2026?
Uber Technologies, Inc. (UBER) is rated Buy by Wall Street analysts as of 2026. Of 61 analysts covering the stock, 50 rate it Buy or Strong Buy, 11 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $105, implying +43.8% from the current price of $73.
02What is the UBER stock price target for 2026?
The Wall Street consensus price target for UBER is $105 based on 61 analyst estimates. The high-end target is $125 (+71.4% from today), and the low-end target is $72 (-1.3%). The base case model target is $101.
03Is Uber Technologies, Inc. (UBER) stock overvalued in 2026?
UBER trades at 21.7x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Uber Technologies, Inc. (UBER) stock in 2026?
The primary risks for UBER in 2026 are: (1) Driver Classification Legal Risk — Ongoing litigation over whether Uber drivers are employees or independent contractors could force the company to absorb significant labor costs, benefits, and liability expenses. (2) Regulatory Compliance & Fines — Uber has historically launched services before securing permits, leading to regulatory clashes, fines, and outright bans in several cities and countries. (3) Safety & Liability Risk — Incidents of sexual assault and other safety concerns involving drivers and passengers have triggered lawsuits and damaged Uber’s reputation. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Uber Technologies, Inc.'s revenue and earnings forecast?
Analyst consensus estimates UBER will report consensus revenue of $60.0B (+15.4% year-over-year) and EPS of $4.47 (-6.4% year-over-year) for the upcoming fiscal year. The following year, analysts project $71.9B in revenue.
06When does Uber Technologies, Inc. (UBER) report its next earnings?
Uber Technologies, Inc. is expected to report its next earnings on approximately 2026-05-06. Consensus expects EPS of $0.71 and revenue of $13.3B. Over recent quarters, UBER has beaten EPS estimates 75% of the time.
07How much free cash flow does Uber Technologies, Inc. generate?
Uber Technologies, Inc. (UBER) generated $9.8B in free cash flow over the trailing twelve months — a free cash flow margin of 18.8%. UBER returns capital to shareholders through and share repurchases ($6.5B TTM).