Ride-sharing and delivery company Uber Technologies (UBER) is scheduled to announce its results for the first quarter of 2025 on May 7. UBER stock has rallied 34.1% year-to-date, defying the weakness in the broader market. Despite the threat from autonomous vehicles (AV), macro uncertainties, and concerns about growing competition, most analysts remain bullish on UBER stock, given its dominant position in key markets and solid execution. UBER stock might continue to trend higher if the company exceeds the Street’s Q1 expectations and provides a favorable update about the demand backdrop.
Analysts expect Uber Technologies to report Q1 EPS (earnings per share) of $0.51 compared to a loss per share of $0.32 in the prior-year quarter. Revenue is estimated to grow about 15% year over year to $11.63 billion.
Analysts’ Views Ahead of Uber’s Q1 Results
This week, BMO Capital analyst Brian J. Pitz reiterated a Buy rating on Uber Technologies stock with a price target of $92. The 5-star analyst stated that Uber remains a Top Pick in the 3P (third-party) delivery space. He highlighted the company’s product-driven execution in the Mobility business, effective launch of Alphabet’s (GOOGL) Waymo on Uber in Austin, with ramping AV bookings still ahead, and the upside to Delivery estimates due to higher merchant growth.
Pitz added that with the 20% Mobility bookings growth estimate for the first half of 2025, Uber continues to effectively execute against its three-year guidance outlook of mid-to-high teens growth. He noted that product-driven improvements in the Mobility business are helping Uber achieve its goals, supported by enhanced frequency, expansion of use cases (Airport and Suburban trips), and growing penetration rates in key markets in the U.S., Europe, and India. Pitz also contends that the scaled adoption of AVs is likely more than five years away, given the complex capital expenditures build-outs, lengthy mapping, and regulatory hurdles. Overall, he believes that Uber is well-positioned to unlock meaningful free cash flow over the next decade without owning an asset-heavy AV solution.
Similarly, Cantor Fitzgerald analyst Deepak Mathivanan reiterated a Buy rating on UBER stock with a price target of $80. The 5-star analyst stated that in terms of KPIs (key performance indicators), he expects Q1 bookings and EBITDA near the high end of the prior outlook. For Q2 2025, he expects bookings growth of more than 15% year over year (excluding forex) and EBITDA of $1.98 billion. He thinks that Uber can meet this guidance despite macro uncertainties.
Mathivanan expects Uber to have a cautiously optimistic outlook for the medium term. That said, the analyst revised his estimates for the second half of 2025 and 2026 to reflect some economic slowdown. Overall, Mathivanan is optimistic about Uber’s “secular growth outlook and acyclical traits.” He thinks that UBER stock should be a “relative safe-haven” in a deteriorating macro backdrop.
Is UBER Stock a Buy or Sell Right Now?
With 31 Buys versus three Hold recommendations, Uber Technologies stock scores a Strong Buy consensus rating on TipRanks. The average UBER stock price target of $90.35 implies about 12% upside potential.
