Ride-sharing company Uber Technologies (UBER) will report its first-quarter earnings tomorrow on May 7. The stock has gained about 40% year-to-date, driven by strong financial results, a $1.5 billion share buyback plan, and new partnerships that have expanded Uber’s reach across key sectors. Wall Street analysts anticipate that the company will report earnings of $0.51 per share, versus a loss of $0.32 in the year-ago quarter.
Meanwhile, revenues are expected to rise by 15% from the same quarter last year, reaching $11.63 billion, according to data from the TipRanks Forecast page. Notably, Uber has an encouraging earnings surprise history. The company missed earnings estimates just once out of the previous nine quarters.
Recent Events Ahead of Q1
Today, Uber has expanded its partnership with China’s autonomous driving firm WeRide (WRD) to launch Robotaxi services in 15 new cities outside China and the U.S. over the next five years.
Last week, Uber revealed a new partnership with Chinese autonomous driving startup Momenta to launch robotaxi services beyond the U.S. and China. The service is expected to debut in Europe in early 2026, initially with safety drivers on board.
Analysts’ Views on Uber Ahead of Q1 Results
Ahead of Uber’s Q1 results, Bank of America Securities analyst Justin Post raised his price target on the stock to $96 from $95 and kept a Buy rating.
Post, a five-star analyst, sees Uber as a “top pick” for 2025, noting that investor sentiment around its role in the autonomous vehicle (AV) ecosystem could strengthen. While the stock is already up 40% year-to-date, the analyst believes it still trades at a discount to major tech peers, despite a more favorable multi-year growth outlook. He also contends that Uber is “well positioned” amid ongoing tariff uncertainty.
Similarly, another five-star analyst, Brian Pitz of BMO Capital, reiterated a Buy rating on Uber and maintained his $92 price target, calling it a “Top Pick” in third-party (3P) delivery. He highlighted Uber’s “product-driven execution,” strong mobility bookings, and growing delivery business as key positives. According to Main Street Data, Uber reported Mobility gross bookings of $22.8 billion, marking an 18% year-over-year increase in the fourth quarter of 2024. This growth was driven by higher trip volumes and strong demand across various ride categories.
Options Traders Anticipate a Large Move
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you.
Indeed, it currently says that options traders are expecting a 8.02% move in either direction.
Is UBER a Good Stock to Buy?
Overall, Wall Street has a Strong Buy consensus rating on UBER stock, based on 30 Buys and three Holds assigned in the last three months. The average Uber price target of $90.20 implies about 6% upside potential from current levels.
