Overview
- Shares extended a month-long decline of more than 12% with Uber trading below key moving averages and an oversold RSI near 27.
- Uber’s Q3 topped estimates with adjusted EPS of $0.81 on $13.46 billion in revenue, 3.5 billion trips up 22% year over year, $49.7 billion in gross bookings, and $2.3 billion in adjusted EBITDA.
- CEO Dara Khosrowshahi credited strong consumer engagement plus ongoing AI and autonomy investments, while the CFO pointed to accelerating growth, record profitability, and capacity to invest and return capital.
- Post-earnings, analysts largely maintained positive ratings while adjusting targets: DA Davidson to $108, BMO to $106, Guggenheim to $135, Wells Fargo to $120, and Cantor Fitzgerald to $108.
- Coverage frames Uber’s shift to a broader mobility and logistics platform, notes a market cap near $189 billion, and cites projections that some analysts see potential for $184 by 2030.