Ride-hailing and food delivery platform Uber Technologies (UBER) is scheduled to announce its first-quarter earnings on Wednesday, May 6. UBER stock is down 8% year-to-date, as investors are concerned about potential disruption to the company’s platform by the rapid growth of Alphabet’s (GOOGL) Waymo, Tesla’s (TSLA) robotaxis, and other autonomous vehicle (AV) providers. Uber is trying to drive growth through investments and strategic partnerships with several companies, including a stake in electric vehicle (EV) maker Lucid (LCID). According to TipRanks’ Options Tool, options traders expect a 7.44% move in either direction in UBER stock in reaction to Q1 2026 earnings.
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Trade NVDA with leverageThis implied move is higher than UBER stock’s average post-earnings move (in absolute terms) of 3.24% over the past four quarters.
Wall Street expects Uber to report a 17% year-over-year decline in its earnings per share to $0.69 for Q1 2026. Revenue is expected to rise 15.2% to $13.28 billion.
Analysts’ Views on UBER Stock Ahead of Q1 Earnings
Heading into Q1 earnings, Bank of America analyst Justin Post reiterated a Buy rating on UBER stock with a price target of $103. Based on Q1 industry data, the 5-star analyst expects Uber to report bookings and revenue of $53.1 billion and $13.1 billion, respectively, relatively in line with the Street’s estimates of about $52.9 billion and $13.3 billion. Also, Post’s EBITDA (earnings before interest, taxes, depreciation, and amortization) estimate of $2.45 billion is almost in line with the Street’s estimate of $2.44 billion.
With Q1 weather issues and Uber’s growth investments, Post doesn’t expect any upside to the estimates. The analyst believes the autonomous outlook remains a major sentiment driver and expects favorable comments on certain aspects, including multiple partnerships, Nvidia (NVDA) progress, merchant fee changes, and Waymo market share. Meanwhile, with stable mobility and delivery trends and Uber’s product expansion, Post expects Q2 bookings outlook in the range of $55.25 billion to $56.75 billion and adjusted EPS in the range of $0.76 to $0.80.
Meanwhile, BMO Capital analyst Brian Pitz reiterated a Buy rating on UBER stock with a price target of $106 and reacted favorably to the company’s annual GO-GET Product Showcase. The 5-star analyst noted that the company unveiled new services that would boost the utility of its mobile app, addressing issues across a consumer’s travel experience. Pitz expects these new services to eventually increase app stickiness and frequency. He added that the focus this year was on tools that simplify global travel.
AI Analyst Is Bullish on UBER Stock
Interestingly, TipRanks’ AI Analyst has an Outperform rating on UBER stock with a price target of $84, indicating 13.45% upside potential. The AI Analyst’s rating is based on solid financial performance and a constructive earnings call, which points to continued operational momentum and disciplined capital returns. However, the AI Analyst cautioned about technical indicators, which show a clear downtrend.
Is UBER a Good Stock to Buy Right Now?
Heading into Q1 earnings, Wall Street has a Strong Buy consensus rating on Uber Technologies stock based on 23 Buys and two Holds. The average UBER stock price target of $106.18 indicates 43.6% upside potential.
