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Uber Technologies
(NYSE:UBER)
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Rating:75Outperform
Price Target:
$84.00
▲(27.39% Upside)
Action:Reiterated
Date:08/08/26
The score is driven primarily by strong financial performance (profitability inflection, reduced leverage, and ~$10B+ free cash flow) and a solid earnings-call outlook with reiterated guidance and ongoing buybacks. This is partially offset by mixed technicals (negative MACD and price still below the 200-day average) and near-term margin/take-rate noise plus AV and large M&A execution risks.
Positive Factors
Cash generation
Sustained FCF above $10B provides durable internal funding for buybacks, M&A and AV/build commitments without forcing excessive external financing. Strong cash conversion supports strategic optionality and resilience versus cyclical demand swings over the next 2–6 months.
Negative Factors
AV investment & execution risk
A ~$10B multiyear AV commitment requires sustained capital and operational execution; commercialization remains early-stage. Regulatory approvals, slower adoption or higher per-unit costs could pressure returns and cash flow as deployments scale over multiple years.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained FCF above $10B provides durable internal funding for buybacks, M&A and AV/build commitments without forcing excessive external financing. Strong cash conversion supports strategic optionality and resilience versus cyclical demand swings over the next 2–6 months.
Read all positive factors
Uber Technologies Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks revenue down by region to show where Uber earns most of its money, highlighting growth markets, geographic concentration risks, and exposure to local regulations or competitive pressures.
Breaks revenue down by region to show where Uber earns most of its money, highlighting growth markets, geographic concentration risks, and exposure to local regulations or competitive pressures.
Data provided by:
The Fly
The FlyUber Technologies (UBER) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$153.93B
Dividend YieldN/A
Average Volume (3M)19.31M
Price to Earnings (P/E)16.4
Beta (1Y)1.22
Revenue Growth16.68%
EPS Growth-23.01%
CountryUS
Employees35,000
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)4.63
Shares Outstanding2,042,560,200
10 Day Avg. Volume17,449,149
30 Day Avg. Volume19,309,480
Financial Highlights & Ratios
PEG Ratio7.26
Price to Book (P/B)6.30
Price to Sales (P/S)3.28
P/FCF Ratio17.45
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$104.39Price Target Upside58.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering33
EPS Forecast (FY)3.34
Revenue Forecast (FY)$57.95B
Uber Technologies Business Overview & Revenue Model
Company Description
Uber Technologies, Inc. is a leading technology corporation that conceptualizes and deploys its proprietary software applications across a broad global footprint, spanning North and South America, Europe, the Middle East, Africa, and the Asia-Paci...
How the Company Makes Money
Uber primarily makes money by taking a platform fee on transactions facilitated through its marketplaces, reflected largely as revenue from commissions and service fees (often described as the company’s “take rate” on Gross Bookings). In Mobility,...
Uber Technologies Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call communicated strong top-line booking growth (22%), significant profit and cash milestones (35% non-GAAP EPS growth and trailing 12-month free cash flow >$10B), meaningful productivity gains from AI and clear strategic initiatives (Delivery Hero acquisition, AV investments, AV labs). These positives were balanced against near-term challenges: reported take-rate/headline revenue margin pressure (nearly 500 bps decline driven largely by a U.K. accounting change and deliberate investments), regional competitiveness (notably Brazil), early-stage commercialization and regulatory risk for AVs, and multiyear AV capital commitments that will affect future P&L. On balance, the call emphasized durable growth, margin expansion, and strong cash generation while acknowledging specific operational and accounting headwinds.Positive Updates
Strong Gross Bookings Growth
Gross bookings grew 22% year-over-year to more than $58 billion, above the high end of guidance and marking the fourth consecutive quarter above 20% growth.
Negative Updates
Revenue vs. Bookings Divergence and Take Rate Pressure
Reported revenues grew 19% versus 22% bookings growth; mobility revenue margin / reported take rate declined nearly 500 basis points year-over-year, with ~400 basis points attributed to a U.K. business-model accounting change (optical impact that shifts cost into cost of revenue).
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Gross Bookings Growth
Gross bookings grew 22% year-over-year to more than $58 billion, above the high end of guidance and marking the fourth consecutive quarter above 20% growth.
Read all positive updates
Company Guidance
Management reiterated near‑term and multi‑year guidance anchored by strong Q2 results and explicit targets: Q2 gross bookings rose 22% YoY to >$58B (fourth consecutive quarter >20% growth), non‑GAAP EPS grew 35% YoY, and trailing‑12‑month free cash flow exceeded $10B; they expect U.S. mobility acceleration to continue through the year, called out U4B up 40% YoY and record first‑time users, and remain on track to scale AVs from 7 cities today to 15 by year‑end and ~28 by 2028 backed by up to $10B of multiyear AV investment and ~120,000 vehicle commitments (targeting per‑vehicle utilization in the mid‑to‑high‑20s/low‑30s trips per day); on profitability they noted a ~500‑bp YoY decline in reported mobility revenue margin (about 400 bps due to a U.K. business‑model change) while mobility operating income margin sits at ~7.6%; on capital allocation they reiterated a ~50% FCF buyback framework, have repurchased ~$3.5B year‑to‑date, deployed ~$4B in Q2 for Delivery Hero, and expect share repurchases to steadily rebuild over months (not years).Uber Technologies Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
77
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.23B | 52.02B | 43.98B | 37.28B | 31.88B | 17.45B |
| Gross Profit | 23.36B | 20.68B | 17.33B | 14.82B | 12.22B | 8.10B |
| EBITDA | 8.01B | 6.99B | 5.38B | 3.78B | -7.91B | 360.00M |
| Net Income | 9.58B | 10.05B | 9.86B | 1.89B | -9.14B | -496.00M |
Balance Sheet | ||||||
| Total Assets | 65.80B | 61.80B | 51.24B | 38.70B | 32.11B | 38.77B |
| Cash, Cash Equivalents and Short-Term Investments | 5.39B | 7.63B | 7.52B | 6.21B | 4.99B | 4.93B |
| Total Debt | 14.73B | 12.08B | 11.44B | 11.83B | 11.72B | 11.60B |
| Total Liabilities | 37.40B | 33.72B | 28.77B | 26.02B | 23.61B | 23.43B |
| Stockholders Equity | 27.32B | 27.04B | 21.56B | 11.25B | 7.34B | 14.46B |
Cash Flow | ||||||
| Free Cash Flow | 10.12B | 9.76B | 6.89B | 3.36B | 390.00M | -743.00M |
| Operating Cash Flow | 10.42B | 10.10B | 7.14B | 3.58B | 642.00M | -445.00M |
| Investing Cash Flow | -7.83B | -3.67B | -4.03B | -3.23B | -1.64B | -1.20B |
| Financing Cash Flow | -5.10B | -5.60B | -1.24B | -95.00M | 15.00M | 1.78B |
Uber Technologies Technical Analysis
Positive
65.94
Price Trends
72.17
Positive
72.95
Positive
77.70
Negative
Market Momentum
1.04
Negative
56.81
Neutral
80.46
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UBER, the sentiment is Positive. The current price of 65.94 is below the 20-day moving average (MA) of 71.86, below the 50-day MA of 72.17, and below the 200-day MA of 77.70, indicating a neutral trend. The MACD of 1.04 indicates Negative momentum. The RSI at 56.81 is Neutral, neither overbought nor oversold. The STOCH value of 80.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UBER.
Uber Technologies Risk Analysis
Uber Technologies disclosed 65 risk factors in its most recent earnings report. Uber Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Uber Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $6.28B | 2.37 | 115.83% | ― | 10.81% | 3147.75% | |
76 Outperform | $9.62B | 2.24 | 10.44% | 2.87% | 9.98% | 11.75% | |
75 Outperform | $153.93B | 16.39 | 35.73% | ― | 16.68% | -23.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $14.72B | 25.38 | 8.75% | ― | 21.45% | 430.18% | |
56 Neutral | $2.04B | -22.15 | -16.13% | ― | 29.13% | -25.19% | |
50 Neutral | $3.68B | -22.32 | -11.48% | ― | ― | ― |
* Technology Sector Average
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Uber Technologies Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Uber Secures New Credit Facilities to Bolster Liquidity
Positive
Aug 7, 2026
On August 6, 2026, Uber Technologies entered into a senior unsecured Term Loan Credit Agreement in two tranches with Morgan Stanley and other lenders to fund its voluntary public takeover offer for Delivery Hero, refinance Delivery Hero’s de...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Uber to Acquire Delivery Hero in Major Takeover
Positive
Jul 17, 2026
On July 16, 2026, Uber entered into a business combination agreement under which its subsidiary will launch a voluntary public takeover offer for all shares in Delivery Hero at €41.50 per share, implying equity value of about $14.8 billion, ...
Business Operations and StrategyExecutive/Board Changes
Uber Restructures Leadership, Names Hazelbaker Corporate Affairs Chief
Positive
May 11, 2026
On May 11, 2026, Uber Technologies, Inc. announced that Chief People Officer Nikki Krishnamurthy had stepped down and would remain as an advisor during a transition period. Jill Hazelbaker, previously Chief Marketing Officer and Senior Vice Presid...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.