Uber Technologies Stock Forecast: Trending Strong Buy by Analysts

Uber Technologies’ (UBER) stock has fallen 6.0% over the past week and 12.7% over the past month, though it is still up 7.5% over the past year. Despite this recent pullback, Wall Street’s analysts are firmly optimistic, with a consensus rating of StrongBuy and an average 12‑month price target of $107.03 versus the last closing price of $75.21. This implies meaningful upside potential over the coming year, as analysts view the recent weakness as an opportunity rather than a change in the long‑term story.

Leading the bullish camp, J.P. Morgan’s Doug Anmuth reiterated his Buy (Overweight) rating on UBER on February 5, 2026, setting a price target of $105.00. This N-star analyst ranks #219 out of 11,984 on TipRanks, with a success rate of 61.59% and an impressive 19.30% average return per rating. Anmuth argues that Uber’s strong execution and rising confidence in its autonomous vehicle (AV) positioning make the recent share price decline a “buy the pullback” moment. He highlights that even after a tough reaction to earnings, Uber’s core business is accelerating and management remains committed to balancing growth investments with expanding profit margins.

Anmuth sees Uber as a global leader in two major secular growth industries: ride‑sharing and food delivery, with the scale and technology to rapidly launch new services. He notes that gross bookings have accelerated for the second straight quarter and beat guidance, while first‑quarter 2026 gross bookings guidance of $52.0–$53.5 billion is ahead of consensus and EBITDA guidance is in line. While some investors worry about slightly lower incremental margins versus long‑term targets, Anmuth stresses that Uber is deliberately investing in long‑term value – from cross‑platform usage and Uber One membership to grocery and retail delivery, affordable mobility products, and expansion into new and sparser markets. He expects significant EBITDA and free cash flow growth, supported by a strong balance sheet, and values Uber at about 15x his 2027 free cash flow estimate, leading to a December 2026 price target of $105.00.

Citi’s Ronald Josey is similarly upbeat, reiterating his Buy rating on UBER on February 5, 2026, with a slightly higher price target of $110.00. This N-star analyst ranks #266 out of 11,984 on TipRanks, with a 58.35% success rate and an average return of 19.90% per rating. Josey points to accelerating Monthly Active Platform Consumer (MAPC) growth of 18% year over year to 202 million in the fourth quarter, a 55% year‑over‑year jump in Uber One members to 46 million, and broad‑based global demand across both Mobility and Delivery. He believes these trends support durable, elevated gross bookings growth going forward and underpin his view that Uber’s fundamentals remain strong despite volatility around the AV debate.

Josey emphasizes that autonomous vehicles are the main point of debate but sees Uber’s strategy as increasingly clear, with plans to launch AVs in 15 cities by year‑end 2026, showcasing the advantages of its hybrid network. He highlights that sparser markets now account for about 20% of global Mobility trips and are growing roughly 1.5x faster than dense markets, while in the U.S., markets outside the top 20 cities contribute around 70% of mobility gross bookings and 75% of mobility profits. With Mobility gross bookings up 19% year over year ex‑FX and EMEA Mobility gross bookings up 30% year over year, Josey expects U.S. trips and gross bookings growth to accelerate further in 2026, supported by stable pricing, insurance cost tailwinds, growing driver and courier supply, and ongoing product innovation. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.