Uber (UBER) has a busy week ahead of it as the ride-sharing and delivery services company is set to release its Q1 2025 earnings report on Wednesday. Leading up to that, five-star Bank of America analyst Justin Post updated his coverage of UBER stock. He reiterated a Buy rating and increased his price target from $95 to $96 per share.
To go along with that updated coverage, the Bank of America analyst increased expectations for Uber in Q1. That includes bookings of $43.5 billion, revenue of $11.73 billion, and EBITDA of $1.89 billion. For comparison, Wall Street estimates Uber will report adjusted earnings per share of 51 cents and revenue of $11.63 billion.
Breaking down Post’s bullish Uber estimates, the analyst expects Delivery to be stable in Q1 and U.S. Mobility to have been affected by low demand for air travel. However, he expects strong New Verticals growth and positive earnings call commentary for the Austin Waymo launch.
Uber Expands Flower Delivery Partnership
In other news, Uber announced an expansion to its delivery deal with 1-800-Flowers.com (FLWS). This has flower delivery from the company added straight to the Uber Eats app. This allows for same-day delivery of flowers in select areas, with over 300 florists taking part. Uber highlights the timing of this deal, noting that it takes place just before Mother’s Day this weekend.
Today’s news boosted Uber stock 1.93%, extending its 42.42% year-to-date increase.
Is UBER Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Uber is Strong Buy, based on 24 Buy and two Hold ratings over the last three months. With that comes an average price target of $90.08, representing a potential 4.77% upside for UBER stock.
