Uber Technologies (UBER) stock has fallen 13.5% over the past year, even as it edged up 2.4% in the last month and slipped just 0.2% over the past week. Wall Street’s analysts are firmly bullish, with a StrongBuy consensus and forecasting a move toward an average 12‑month price target of $106.06, well above the recent close of $73.93.
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Among the most closely watched voices is Justin Post of Bank of America, who reiterated his Buy rating on UBER on May 4, 2026 and set a price objective of $103.00. That target signals meaningful upside from current levels and reflects his confidence despite the stock trading in a 52‑week range between $68.46 and $101.99.
Post expects Uber’s first‑quarter results to be broadly in line with Street estimates, pointing to industry data that support steady demand in both Mobility and Delivery. He forecasts gross bookings value growth of about 20% year over year in constant currency and EBITDA of $2.45 billion, essentially matching consensus, with limited near‑term upside due to weather headwinds and continued investment for growth.
A key swing factor in sentiment, according to Post, is Uber’s progress in autonomous vehicles and related partnerships, including work with Nvidia and U.S. AV partners in the second half of the year. He also highlights ongoing questions around merchant fee changes, competition in Waymo markets, and the impact of gas prices on driver supply, while noting that strong delivery trends and product expansion support a solid outlook into the second quarter.
Looking ahead, Post models second‑quarter bookings of $55.25 billion to $56.75 billion and EBITDA of about $2.65 billion, roughly bracketing Street expectations, and sees room for multiple expansion as AV milestones are hit. This 4‑star analyst ranks 130 out of 12,173 on TipRanks, with a 64.11% success rate and an impressive 22.6% average return per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.