Uber Technologies (UBER) stock has risen 0.0% over the past week, gained 4.0% in the last month, yet is still down 7.8% over the past year. Wall Street’s analysts are strongly bullish, forecasting notable upside for (UBER) over the next twelve months, reflected in a consensus StrongBuy rating and a 12‑month average price target of $106.08.
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Analyst Eric Sheridan of Goldman Sachs & Co. LLC reiterated his Buy rating on (UBER) on April 30, 2026, setting a price target of $125, well above the last closing price of $74.61. This implies substantial potential upside as he sees the company’s equity story driven by scaling within its end markets, improving profitability and robust free cash flow over the coming years.
Sheridan’s report highlights key takeaways from Uber’s GO-GET 2026 event, where management laid out a strategy to expand beyond core mobility and delivery. Uber is pushing further into travel, using partnerships and new features to make its app a more frequently used platform across many daily scenarios, not just rides and food.
A major focus is travel and mobility, including a partnership with Expedia that opens access to more than 700,000 properties worldwide and a new Travel Mode that tailors the app experience when users arrive in a new city. At the same time, cross-selling moves like Eats for the Way inside Uber Black rides blur the lines between trip and food services, aiming to deepen engagement and boost user frequency.
Uber is also exploring local commerce and AI-driven tools, such as Shop for Me for flexible shopping, Grocery Cart Assistant, One Search, and Voice Bookings, all targeting convenience and efficiency. Sheridan, who ranks 3098 out of 12160 analysts on TipRanks with a 48.17% success rate and 3.3% average return per rating, believes these initiatives should reinforce user retention and cross-sell effects, prompting investors to reassess Uber’s mix of growth, margins, and free cash flow. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.