Uber Technologies Stock Forecast: Trending StrongBuy Among Analysts

Uber Technologies (UBER) stock has fallen 9.5% over the past week and 13.6% in the last month, yet it is still up 14.6% over the past 12 months. Despite the recent pullback, Wall Street’s analysts remain firmly optimistic, with a StrongBuy consensus and an average 12‑month price target of $111.84 compared to the last closing price of $73.92. This implies meaningful upside over the coming year, even as the market digests volatility around tech names and autonomous vehicle (AV) developments.

Wall Street’s analysts are broadly bullish, forecasting a strong potential increase in Uber’s share price over the next twelve months. One of the key voices backing the stock is Doug Anmuth of J.P. Morgan, who reiterated his Buy (Overweight) rating on February 5, 2026, and set a price target of $105.00. This target suggests substantial upside from current levels, in line with the overall StrongBuy consensus. Anmuth is a well‑regarded analyst, ranking 219 out of 11,984 on TipRanks, with a success rate of about 61.6% and an average return of 19.3% per rating.

In his latest report, Anmuth argues that the recent decline in Uber’s share price should be seen as a buying opportunity. He highlights what he calls “strong execution” and “increased conviction” in Uber’s positioning within the autonomous vehicle space, even as investors worry about AI and AV disruption from players like Waymo and Tesla. Uber plans to launch AVs with partners in up to 15 markets by the end of 2026 and believes it can become the largest facilitator of AV trips by 2029. At the same time, the core business is showing momentum: Gross Bookings have accelerated for the second consecutive quarter, beating the high end of guidance, and the company’s first‑quarter Gross Bookings outlook of $52.0–$53.5 billion is ahead of consensus.

Anmuth notes that some investors are uneasy about Uber’s lower incremental margins in the near term, with guidance implying 5.6% versus a long‑term target of 7%. Management, however, is deliberately investing to drive higher long‑term value rather than maximizing short‑term margins. The company is focusing spending in four areas: cross‑platform use and Uber One membership, expansion in grocery and retail delivery through more partners and marketing, more affordable mobility options like Shared rides and Wait & Save, and growth in new geographies and sparser markets. According to the report, Uber still expects to grow profit dollars and expand margins over time, though at a moderated pace, supported by strong free cash flow generation and a solid balance sheet.

From a valuation perspective, Anmuth sees Uber as the global leader in two structural growth stories: ride‑sharing and food delivery, with further room to expand into grocery, convenience, and alcohol delivery. He slightly raised his 2026–2027 Gross Bookings estimates by roughly 3–4% and increased 2026–2027 EBITDA by about 1%. His December 2026 price target of $105 is based on around 15 times expected 2027 free cash flow of about $13.1 billion, equivalent to roughly 25 times projected 2027 non‑GAAP earnings per share of $4.18. For investors, the message from top analysts is clear: despite recent weakness in the share price, the long‑term growth story and cash‑generation potential remain intact. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.