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Uber and OpenAI announced an expansion of their partnership on Thursday, with the ride-share giant telling TechCrunch that its entire global workforce — some 30,000 people — will now be using ChatGPT Work.

ChatGPT Work was introduced in July as an enterprise-focused AI agent that corporate teams could deploy for various workflows.

Uber originally piloted ChatGPT Work with 1,000 employees earlier this year but has now scaled up its usage to the entire company.

That earlier pilot was deployed to workers from across Uber’s various departments, including finance, operations, and product. Indeed, a majority of the early adopters — some 80% — were non-engineers, Sumanth Sukumar, Uber’s VP of engineering, told TechCrunch.

“They used it for a wide range of tasks: analyzing complex data from our operations to identify trends and develop recommendations; localizing training materials for different markets and languages; and building personalized interactive dashboards to manage their daily work,” he said.

Yet while the ride-share giant is now going all in on ChatGPT, it has not settled on exactly how employees will use it. “Our approach is to make powerful AI tools available across Uber while giving teams room to experiment,” Sukumar said. “For example, earlier this year we paired 30 AI engineers with teams across Uber and gave them two weeks to automate key parts of their job. Those ‘AI pods’ showed us how much opportunity there is when you combine technical expertise with a deep understanding of a particular job.”

Uber didn’t disclose how much it’s spending on the new rollout of the chatbot. Instead, Sukumar said the company will track how employees use the tool. “We’ll look at how employees are using the technology, the kinds of workflows they develop and how it helps them work more effectively. We’ll evaluate those outcomes and use what we learn to guide how we deploy AI across the business,” he said. Uber says OpenAI worked closely with the company on integrating the chatbot.

OpenAI has moved quickly to scale up its enterprise business as it competes with its chief competitor, Anthropic. Once known largely as a consumer brand, the ChatGPT creator has swiftly gained a loyal following with business customers, while other AI companies have struggled to keep up.

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Lucas is a senior writer at TechCrunch, where he covers artificial intelligence, consumer tech, and startups. He previously covered AI and cybersecurity at Gizmodo. You can contact Lucas by emailing [email protected].

Uber is offering some drivers hundreds of dollars in incentive pay, depending on how many rides they complete in a given period.

Michael Macor/The San Francisco Chronicle via Getty Images

Uber is offering ride-hailing drivers something that many haven't seen in years: Big bonuses.

The ride-hailing service is coaxing some drivers to take more rides, offering up to several hundred dollars in "incentive" pay if they complete a set number of rides within a set time period, according to several screenshots of the offers seen by Business Insider.

In one example, a driver was offered $525 if the driver completed 45 trips within a few days. Similar offers involved smaller payouts and fewer trips, but paid out proportional amounts of $10 to $12 per trip.

That's a huge pay bump for many drivers, who make as little as a few dollars per trip, said Sergio Avedian, an Uber driver and senior contributor to the gig-driver-advocacy blog and YouTube channel The Rideshare Guy.

The bonuses might also be Uber's attempt to get more drivers on the road to meet rider demand during busy periods like Halloween and the holiday travel season, Avedian said.

"This may tell the story that they need supply," he said. "They're saying that we need to get everybody out there."

Some drivers have also gotten messages from Uber encouraging them to refer friends to sign up as drivers or get those who haven't driven in a couple of years back on the app, according to screenshots seen by Business Insider. Payment for those referrals can reach up to $1,225.

The payments are a potential boon to Uber drivers, whose pay can vary significantly between cities.

Uber drivers have to cover their own costs, such as car maintenance, since they are independent contractors, not full-time employees. Rising gas prices have eaten into drivers' pay after the US and Israel started a war with Iran earlier this year.

An Uber spokesperson did not provide details on why the company is offering the payments.

Uber has used targeted incentive payments before.

In 2021, demand for rides began to outpace the number of available drivers after many had stopped driving during the pandemic.

In response, the company decided "to invest fast and to invest aggressively in attracting drivers back to Uber" and increased the number of active drivers on the app by 65% between January and November that year, CEO Dara Khosrowshahi said on an earnings call at the time. Uber later pulled back on the extra pay.

"When we were coming out of the pandemic, they were short tons of drivers," said Avedian, who was driving for Uber at the time. "It was crazy bonuses out there."

More recently, riders have been paying more per mile and waiting longer for their rides to show up, according to a study published last month.

Do you have a story idea about Uber? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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Alex Bitter is a senior retail reporter covering Uber, Lyft, DoorDash, Instacart, and related companies. His coverage ranges from the experiences of gig workers to what's happening inside the world's biggest ride-hailing and delivery companies.Alex has also written about the retail and food industries. Convenience store chain Sheetz ended its "smile policy" after his reporting. Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.

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Uber sits 30% below its 52-week high while robotaxi fears and weak guidance batter the stock, but one Wall Street analyst just planted a flag that stands far above where even the bulls are willing to go.

Uber Technologies (NYSE:UBER | UBER Price Prediction) is trading at $69.31. The average price target among analysts is $100.86, which implies 45.5% upside.

Uber runs a global platform for rides, delivery and freight. It has 208 million monthly active platform consumers and recorded $58.02 billion in quarterly gross bookings. The question hanging over the stock all year is whether robotaxis make Uber the essential aggregator or cut it out of the trip.

One analyst has an unusually clear answer. Evercore ISI’s Mark Mahaney holds a Street-high $150.00 target, which implies 116.4% upside. He expects the stock to more than double. Price targets usually look about 12 months out, so that is a bold call.

Weak Guidance and Robotaxi Fears Left Uber 30% Below Its High
The biggest hit came from guidance. Uber forecast third-quarter adjusted EPS of 84 cents to 88 cents, below the 89 cents analysts expected, and shares fell 4.8%. The second quarter also missed. EPS came in at $0.81 versus $0.833 expected, and revenue was $14.19B versus $14.26B.

On the same call, Uber laid out plans to spend more than $10 billion on robotaxis. This came amid reports that Waymo was considering ending the two companies’ partnership. Investors were already examining capital allocation after the $14.80-billion Delivery Hero deal.

The stock is now 30.9% below its 52-week high of $100.35. That is a severe decline for a megacap. Self-driving headlines keep adding pressure. Uber fell 2.82% in the latest session as investors digested more self-driving news tied to Tesla (NASDAQ:TSLA). The S&P 500 slipped only 1.07% that day.

Evercore’s $150 Case Rests on Uber Becoming the Robotaxi Middleman
Mahaney’s first point is that Uber becomes the network orchestrator for autonomous fleets. Management is pushing the same story. Uber is live in seven AV cities and targets 15 cities by year end. It says partner vehicles reach “mid to high 20s, low 30s” trips per vehicle per day. The CEO, Dara Khosrowshahi, put the goal simply: “Our ambition is straightforward, to become the world’s leading commercialization platform for autonomous vehicles.”

The second point is delivery and cash generation. Delivery revenue grew 28%, and segment operating income rose 38% to $1.05B. Trailing free cash flow exceeded $10 billion for the first time. Management also said bigger buybacks will return in “months, not quarters.”

Most of the Street agrees. Of 51 analysts, 9 rate it Strong Buy, 33 Buy, 8 Hold and 1 Sell. Over the last 30 days, analysts revised 2027 EPS estimates up 7 times and down 2 times. Even so, the consensus dipped to $4.5379 from $4.6559 a month earlier. The CEO is adding shares: he bought 141,000 shares on the open market at $70.9642.

A skeptic would point out that the $150 target only works if the market starts treating AV spending as an asset. Management itself warned of a future “P&L impact.”

Lyft and DoorDash Fell Too, but Uber Shows the Widest Gap
The selloff spread across the group. Lyft (NASDAQ:LYFT) is down 14.92% year to date at $16.48. Its average target of $19.47 implies just 18.1% upside, and 31 of 45 analysts rate it Hold.

DoorDash (NASDAQ:DASH) is down 18.75% year to date and 9.6% over the past month. Trading at $184.01, it is well below its $257.37 target, which implies 39.9% upside. It carries 9 Strong Buy, 27 Buy and 10 Hold ratings.

Uber has the largest consensus upside in the group. DoorDash comes close, but it trades at a forward P/E of 38, compared with Uber’s 16.

Uber Has Lagged the S&P 500 by a Wide Margin This Year
At $69.31, Uber has 45.5% upside to the $100.86 consensus target set by 51 analysts. Shares are down 15.18% year to date and 26.46% over the past year. The S&P 500 has gained 12.86% year to date.

The valuation now looks low. Uber trades at about 16 times forward earnings with a free cash flow yield near 6.9%.

Robotaxi Execution Will Decide Whether Uber’s Discount Closes
The bull case improves if Uber reaches 15 AV cities on schedule, keeps Waymo alongside newer partners and resumes big buybacks. If that happens, a re-rating toward $100 looks reasonable. Risks grow if AV spending cuts into margins, Waymo walks away, or competition like Brazil’s “enormous amount of competition” starts dragging on bookings. In that case, today’s low multiple would turn out to be a value trap.

The balance of evidence leans bullish. A CEO buying stock on the open market and a mid-teens multiple on a business with $10 billion of free cash flow make a strong case. Mahaney’s $150 is the best-case outcome. The consensus target of roughly $100 is the more realistic goal.

Contact [email protected] for any questions or corrections.

Key Takeaways Uber Eats partners with Sur La Table on premium kitchenware delivery.Eligible orders can arrive in just 25 minutes, giving customers quick access to cookware, etc.Uber's retail expansion could boost order frequency, gross bookings and merchant revenues.
Uber Technologies (UBER - Free Report) has announced a partnership with Sur La Table, a specialty kitchenware retailer, to offer customers convenient access to premium cookware, kitchen appliances and culinary essentials through the Uber Eats marketplace. The collaboration will extend across all Sur La Table locations nationwide, enabling customers to place orders for on-demand or scheduled delivery.

Through this partnership, Uber Eats customers can purchase a wide selection of kitchen products, ranging from cookware and baking equipment to everyday utensils and hosting essentials. The assortment includes products from established brands such as Le Creuset and All-Clad. Eligible orders can be delivered in as little as 25 minutes, providing a convenient option for customers seeking last-minute cooking supplies, kitchen appliances or gifts.

Founded in Seattle’s Pike Place Market in 1972, Sur La Table has established itself as a prominent culinary retailer over more than five decades. The company operates stores across the United States and offers thousands of cooking classes annually through its resident chefs. Its integration into Uber Eats extends the retail reach beyond physical stores, allowing customers to access the specialized kitchenware assortment through a digital delivery platform.

The partnership reflects Uber Eats’ continued expansion beyond restaurant deliveries into broader retail categories. With the holiday season approaching, the addition of Sur La Table strengthens the platform’s ability to serve customers looking for cooking supplies, entertaining essentials and last-minute gifts.

Customers can access Sur La Table products by opening the Uber Eats application and selecting the Retail category or searching directly for the retailer. After choosing a participating store, they can browse available merchandise, add products to their carts and select either immediate or scheduled delivery. The platform also allows customers to track their orders in real time.

The partnership strengthens Uber’s position in the growing on-demand retail delivery market by diversifying its Uber Eats marketplace beyond food, groceries and convenience products. Adding Sur La Table’s premium kitchenware assortment could attract new customers, encourage existing users to make purchases across additional categories and increase order frequency.

The collaboration also creates opportunities to capture incremental transaction volumes, particularly during seasonal shopping periods and occasions requiring last-minute purchases. Moreover, expanding relationships with specialty retailers should enhance customer engagement, strengthen Uber Eats’ competitive positioning and improve utilization of its delivery network. Over time, these benefits could support higher gross bookings, additional merchant-related revenues and improved operating leverage, although the financial contribution will depend on customer adoption and order volumes.

Last year, Uber inked a deal with retailer Best Buy (BBY - Free Report) for on-demand delivery. The deal brought consumer electronics from more than 800 stores to the Uber Eats platform. Uber Eats is the online food ordering and delivery platform of the company. Following the tie-up, Best Buy customers throughout the United States are eligible to order a wide range of electronics, appliances and tech essentials on Uber Eats for delivery to their doorsteps.

Uber’s agreements with discount retailers Dollar General (DG - Free Report) and Dollar Tree (DLTR - Free Report) were also on the same customer-friendly lines. The tie-up with Dollar General ensured that its more than 14,000 locations arrived on the Uber Eats platform. Following the association, customers are using the Uber Eats app to order food, beverages and other essentials.

The deal with Dollar Tree has also enhanced UBER’s retail delivery capabilities by adding nearly 9,000 stores to the Uber Eats platform. The partnership with Dollar Tree ensures that customers across states can easily access affordable items of everyday use, ranging from party supplies to cosmetics and home essentials for on-demand delivery.

UBER’s Share Price Performance, Valuation and EstimatesUBER’s shares have declined in single digits (%-wise) over the past three months. The stock has underperformed the Zacks Internet-Services industry over the same time frame.

3- Month Price ComparisonImage Source: Zacks Investment Research

From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.25X. UBER is inexpensive compared with its industry.

Image Source: Zacks Investment Research

See how the Zacks Consensus Estimate for Uber’s earnings has been revised over the past 90 days.

Image Source: Zacks Investment Research

Uber’s Zacks RankUber currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Uber and Chinese autonomous vehicle maker Pony.ai plan to launch a robotaxi service in London as part of an expanded partnership to bring driverless cars to Europe. The two companies said on Thursday that they would begin testing Pony.ai’s Gen-7 robotaxis in London in the coming weeks.

The announcement is the latest instance of Uber’s ambitious push into autonomous vehicle technology through a growing web of partnerships and investments. The ride-hailing company has struck deals with more than 30 autonomous vehicle companies, including Pony.ai, over the past few years as it seeks to capture a share of the autonomous delivery and ride-hailing markets.

Uber expects to offer AV trips in as many as 15 cities globally by the end of 2026, roughly split between U.S. and international markets.

Uber and Pony.ai first partnered in May 2025, initially focusing on the Middle East. The relationship has since expanded to Europe, where it plans to deploy 2,000 robotaxis, starting with Croatia’s capital, Zagreb.

In August 2026, the companies launched an autonomous ride-hailing service in Zagreb with a third partner, Verne. Under that arrangement, Pony.ai supplies the autonomous driving system and the Arcfox Alpha T5 robotaxi, developed with Chinese automaker BAIC. Verne, a startup set up by Rimac Group founder and CEO Mate Rimac, owns and operates the fleet, while Uber provides access to its vast ride-hailing network.

The London service will follow a similar model, although the companies have not said who will own and operate the fleet.

Pony.ai won’t be Uber’s only robotaxi partner in London. The company has also partnered with and invested in British self-driving startup Wayve, and plans to launch a robotaxi service in the city.

In February 2026, Wayve raised $1.2 billion in a funding round that saw investments from Microsoft, Nvidia and Uber. The total funding in that round could reach $1.5 billion thanks to an additional $300 million from Uber, contingent on Wayve deploying robotaxis, starting in London.

Uber has pursued this multi-partner strategy elsewhere. In Dubai, for instance, it has struck separate deals with Baidu and WeRide to launch robotaxi services.

Pony.ai, meanwhile, has launched robotaxi services in four Chinese cities and secured partnerships with local transportation authorities as it works to expand into European and Middle Eastern markets, including Qatar.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.

You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal.

Uber Technologies Inc. (NYSE:UBER) could emerge as a major beneficiary of autonomous vehicles as falling robotaxi costs make driverless rides more competitive, according to BNP Paribas Equity Research.

Senior analyst Nick Jones has a $106 price forecast on Uber, implying about 56% upside from the stock’s Sept. 28 price of $68.20.

Robotaxi Costs Could Fall SharplyJones estimates that robotaxi costs could eventually fall to about 42 cents per mile, compared with roughly $1 per mile for Uber’s current human-driven model.

However, the economics remain uncertain. Costs tied to third-party autonomous vehicle fleet operations, licensing, financing and distribution still need to become clearer.

Using Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo as a benchmark, Jones estimates that recent all-in robotaxi build costs are about $150,000 per vehicle.

Waymo’s next-generation Zeekr platform could lower that figure to about $70,000. Meanwhile, Tesla Inc. (NASDAQ:TSLA) is targeting roughly $30,000 for its Cybercab.

BNP Paribas believes robotaxi production costs could eventually approach $30,000 at scale. However, $60,000 to $80,000 appears more realistic in the near to medium term.

Uber Could Capture More Autonomous MilesCurrent robotaxi operating costs remain near $1 per mile, Jones estimated. That includes depreciation, energy, maintenance, insurance and remote support.

Depreciation remains the biggest expense because vehicle build costs are still high. Over time, BNP Paribas sees operating costs falling to between 16 cents and 42 cents per mile.

Jones said lower manufacturing costs and higher vehicle utilization should make autonomous rides increasingly competitive with human-driven trips.

That could expand the overall ride-hailing market while allowing Uber to capture a larger share of autonomous miles.

The analyst pointed to Uber’s global scale, large customer base and expanding network of autonomous vehicle partnerships as key advantages. He said those partnerships also suggest AV developers increasingly view Uber as an important route to customers.

Still, robotaxis will not eliminate every cost associated with a driverless ride. Technology licensing fees, distribution expenses, financing costs and required investment returns will influence consumer pricing.

Jones expects investors to get greater clarity on those economics over the next four to 10 quarters.

UBER Price Action: Uber Technologies shares were up 1.39% at $69.10 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo via Shutterstock

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Jefferies reiterated its $110 price target on Uber Technologies Inc (NYSE:UBER, XETRA:UT8) and maintained the company as its ‘Franchise Pick’, saying its expanding Mobility product suite can support faster bookings growth while allowing margins to expand.

The broker raised its estimates after a detailed analysis of Uber’s Mobility products, maintaining the company as its ‘Franchise Pick’ as stronger earnings growth could support higher valuation multiples.

Jefferies expects Uber’s adjusted EBITDA to grow by more than 25% through 2028, driven by increasing adoption of premium products and greater scale across newer Mobility offerings.

Uber has expanded its Mobility portfolio from two products in 2011 to about 20 currently, allowing it to target additional use cases and increase customer frequency through users adopting multiple services.

Jefferies grouped newer offerings, including Reserve, taxis, two- and three-wheelers, UberX Share and autonomous vehicles into a category it calls New Bets, which it expects to become an increasingly important source of bookings growth.

Jefferies said Uber’s ‘barbell strategy’, combining rapid adoption of premium, higher-margin products with increasing scale across lower-cost offerings, is supporting faster bookings growth without sacrificing margin expansion.

The broker estimates New Bets generated about $20 billion in Mobility bookings in 2025, representing 21% of the segment, and forecasts the category will grow at more than 30% annually through 2028.

Jefferies estimates New Bets could account for about 45% of total Mobility bookings growth through 2028, with each additional 1% of New Bets growth contributing more than 25 basis points to overall Mobility growth.

The broker expects the newer products to support margins rather than weigh on profitability, forecasting New Bets’ EBIT margin to increase from 4.3% in 2025 to 5.6% in 2028.

Jefferies expects premium products to account for about two-thirds of incremental Mobility bookings outside UberX, helping offset margin pressure from lower-priced offerings and autonomous vehicle investment.

Uber for Business bookings are growing about 40% year on year, with more than half of trips involving premium offerings, providing another channel for higher-margin products.

Jefferies raised its fiscal 2027 EBITDA estimate by 2% to $14.5 billion, about 4% above consensus, as it expects sustainable bookings growth and progress in scaling US autonomous vehicle operations to support Uber’s earnings trajectory.

Bank of America (BofA) has maintained its 'buy' rating and $101 price target on Uber Technologies Inc (NYSE:UBER, XETRA:UT8), saying autonomous vehicle (AV) competition will remain the main theme for the ridesharing sector.

The broker expects Uber to retain about 73% of the US mobility market through 2028, compared with 76% currently, despite growing competition from Waymo, Tesla and Zoox.

The bank estimates the three companies could generate $6 billion in competitive bookings by 2028, equivalent to about 5% of the US mobility market, as their autonomous fleets expand.

Uber and Lyft expect their AV partnerships to begin scaling in 2028, giving newer autonomous platforms an estimated 18 to 24 months to build volumes before the incumbents' fleets become significant.

BofA expects more than 100,000 autonomous vehicles from Waymo, Tesla and Zoox to be operating in the US by 2029, when it sees a potentially sharper acceleration in autonomous vehicle deployment.

Uber has said it aims to become the global leader in autonomous trips by 2029, while its partnerships with Nvidia, Lucid, Rivian, Volkswagen, Zoox, WeRide and other companies could provide access to about 120,000 autonomous vehicles.

BofA said major original equipment manufacturer commitments or the introduction of Asian autonomous vehicles into the US could further expand Uber's vehicle supply.

The broker said autonomous vehicles remain a long-term competitive risk for Uber, but believes the company's current valuation already reflects significant disruption to traditional US ride-hailing economics.

It also sees potential benefits from autonomous vehicles because they could expand the overall ridesharing market, while increased competition among autonomous vehicle providers could encourage automakers to accelerate development of Level 4 technology.

BofA based its $101 price target on 23 times its 2027 adjusted earnings per share estimate and said potential catalysts include faster autonomous vehicle deployments in 2027 and accelerated development of Level 4 technology by automakers.

Key Takeaways Uber Eats now offers Costco delivery from nearly 600 locations across 47 states, up from 17. Costco members get Uber One discounts, while eligible $60-plus orders can avoid Uber delivery fees. Uber says the expansion could lift order frequency, transaction volumes, Uber One adoption and retention. Uber Technologies (UBER - Free Report) and Costco (COST - Free Report) have significantly expanded their U.S. partnership, making the latter delivery through Uber Eats available to millions of additional customers across 47 states, compared with 17 states previously. Nearly 600 Costco locations are now accessible through the Uber Eats platform, offering both on-demand and scheduled delivery services. Uber Eats is the online food ordering and delivery platform of Uber.

Costco members can use Uber Eats to order a broad range of products, including fresh produce, bulk groceries, household essentials and Costco-exclusive merchandise. The expanded service provides members with another convenient option for completing weekly shopping, preparing for gatherings or addressing last-minute needs.

The nationwide rollout also brings one of the country’s largest retailers to Uber Eats’ growing marketplace. The expansion highlights Uber’s ability to help major retailers broaden their digital reach and meet consumers’ increasing demand for convenient delivery options.

As part of the expanded partnership, eligible Costco members can receive a 50% discount on an annual Uber One membership during the first year, followed by a 20% discount in subsequent years. For a limited period, participating Costco stores and Costco.com will also offer Uber and Uber Eats gift cards worth $100 for $79.99.

Consumers can additionally purchase a Costco membership directly through Uber Eats for a limited time and receive 30% off their first eligible Costco order. Uber One members can access delivery without Uber fees on eligible grocery and retail orders exceeding $60, subject to applicable conditions.

Customers can place an order by searching for Costco in the Uber Eats app, selecting a nearby location and adding products to their cart. Costco members can link their membership accounts during checkout before choosing on-demand or scheduled delivery. Orders can then be tracked in real time through the app. The U.S. expansion builds on the companies’ existing international relationship. Costco is also available through Uber Eats in Canada, Mexico, Japan, Taiwan, France and Spain.

The expanded partnership should strengthen Uber’s grocery and retail-delivery business by adding greater selection and nearly nationwide access to a highly recognized retailer. Costco’s large membership base and strong customer loyalty could attract more users, increase order frequency and support higher transaction volumes on Uber Eats. The membership discounts and fee benefits may also encourage Uber One adoption and improve customer retention. Additionally, selling Costco memberships through the app creates another customer-acquisition channel and deepens Uber’s role in consumers’ everyday shopping.

Last year, Uber inked a deal with retailer Best Buy (BBY - Free Report) for on-demand delivery. This deal brought consumer electronics from more than 800 stores to the Uber Eats platform. After the tie-up, Best Buy customers across the United States can order a wide range of electronics, appliances and tech essentials on Uber Eats for delivery to their doorsteps.

UBER’s Share Price Performance, Valuation and EstimatesShares of UBER have declined in the low single digits (% -wise) over the past three months. UBER’s shares have outperformed the Zacks Internet-Services industry over the same time frame.

3- Month Price ComparisonImage Source: Zacks Investment Research

From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.25X. UBER is inexpensive compared with its industry.

Image Source: Zacks Investment Research

See how the Zacks Consensus Estimate for Uber’s earnings has been revised over the past 90 days.

Image Source: Zacks Investment Research

Uber’s Zacks RankUber currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 

Uber Technologies (NYSE:UBER) CEO Dara Khosrowshahi said the company is maintaining a strategy centered on expanding its on-demand transportation and delivery platform, increasing engagement through memberships and cross-platform usage, entering less densely populated markets and investing in autonomous-vehicle infrastructure.

Speaking at the Communacopia conference, Khosrowshahi said Uber has grown its top line by more than 20% in each of the past four quarters while also increasing margins. He said the company continues to see favorable demand trends for on-demand transportation, food delivery, grocery and retail delivery.

“Our mission is still to allow people to go anywhere, get anything, and reinvent on-demand transportation in cities,” Khosrowshahi said. Membership, sparse markets and product mix Khosrowshahi identified expansion in “sparse markets” as a key growth driver. He said about 50% of the eligible population in Uber’s core markets uses either Uber or Uber Eats, compared with about 10% in sparse markets. Those markets are growing 1.5 times faster than core markets, he said.

Uber is also pursuing what Khosrowshahi called a “barbell strategy,” using higher-margin offerings—including Uber for Business, Uber Black, Blacklane, priority delivery and advertising—to support lower-cost products and promotions. Those lower-cost services include grocery promotions and two- and three-wheeler offerings in developing markets, as well as discounted transportation products.

Uber One remains an important part of the company’s effort to increase customer frequency and retention. Khosrowshahi said Uber has more than 50 million Uber One members, up 50% year over year, and that members account for roughly 50% of company bookings.

Uber One members spend three times more than non-members, according to Khosrowshahi. Members are twice as likely to use multiple Uber platforms as non-members. He said some markets have membership penetration near 60% of gross bookings. Khosrowshahi said Uber intends to enrich membership benefits through partnerships and mobility-related features such as upgrades and priority airport dispatch. He also described membership as a defensive tool in markets where competitors use aggressive pricing, saying member market position has remained more consistent than that of non-members during price competition.

Consumer demand and restructuring On consumer conditions, Khosrowshahi said Uber has not observed customers trading down. Growth among lower-income consumer cohorts has been as strong as growth among higher-income cohorts, he said, while U.S. mobility growth has accelerated since late last year.

“At this point, the consumer for us remains robust, and we don’t see any signal of that changing,” Khosrowshahi said.

The CEO also addressed Uber’s recently announced restructuring, which affects about 10% of its full-time workforce. He said the changes were intended to reduce management layers, limit small teams and speed decision-making.

Khosrowshahi said Uber plans to reinvest savings from the restructuring into the business, including lower consumer prices, improved selection and growth initiatives. He cited artificial intelligence and other productivity technologies as additional factors supporting the efficiency effort.

Mobility affordability and autonomous vehicles For the mobility segment, Khosrowshahi said investments in safety and navigation tools are helping lower insurance costs. He said Uber is reinvesting insurance-related cost savings into pricing to support trip volumes in the U.S.

He highlighted discounted offerings such as Wait & Save, which provides a lower fare for customers willing to accept a longer pickup time. Along with premium products, these offerings are intended to broaden Uber’s customer base while supporting profitability, he said.

Autonomous vehicles represent another major supply opportunity, according to Khosrowshahi. Uber is working with autonomous-vehicle technology providers including Waymo, Zoox and WeRide, and has also invested in certain strategic partners, he said. The company recently announced a partnership with WeRide in Madrid.

Uber has secured access to more than 120,000 autonomous-vehicle-ready vehicles, Khosrowshahi said. Its investments also include fleet-management infrastructure, such as depots for vehicle repair and recharging.

He said Uber currently operates with nine autonomous-vehicle partners and expects to reach 15 by year-end. The company expects to demonstrate “no vehicle operator” partnerships with several U.S. players next year, while 2028 and 2029 are expected to focus on scaling.

Khosrowshahi said autonomous-vehicle economics currently need to improve because the model carries more fixed costs than Uber’s human-driver network. However, he estimated that Uber’s existing demand base could provide a utilization advantage of about 30% compared with a single-provider operator.

Delivery and Delivery Hero Uber’s grocery and retail delivery category has reached $15 billion and is growing more than 40%, Khosrowshahi said. He said the company sees retail delivery as an extension of its food-delivery business, with consumers increasingly seeking rapid delivery of products beyond meals and groceries.

Khosrowshahi said Uber believes grocery and retail could eventually become larger than its core online food-delivery business. He described the broader retail category as a trillion-dollar-plus market and said on-demand delivery remains a small portion of it.

Discussing Uber’s decision to acquire Delivery Hero, Khosrowshahi said the company applies a high hurdle rate to acquisitions because of its organic growth opportunities, autonomous-vehicle investments and view that its shares are undervalued. He said Delivery Hero is a market leader in most of its operating regions and could nearly double the consumer audience available for Uber’s platform strategy.

He also cited potential cost and technology synergies from consolidating platforms, as well as the strategic importance of Delivery Hero’s presence in markets where Uber already has significant mobility operations, including the Middle East.

About Uber Technologies (NYSE:UBER) Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company’s core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.

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Uber riders can expect lower prices due to savings from layoffs and insurance costs, CEO Dara Khosrowshahi said. Chip Somodevilla/Getty Images Lower ride prices could be coming to Uber after the company's recent layoffs.

CEO Dara Khosrowshahi pointed to lower prices as one way that Uber plans to use the money it's saving from laying off 10% of its corporate workforce, or about 3,300 people. The company announced the job cuts earlier this month.

"We are going to take the savings there and essentially reinvest it back in the business, lowering prices, improving selection, and continuing to invest in our growth program," the CEO said during a presentation at the Goldman Sachs Communacopia + Technology Conference on Thursday.

Uber is also planning to put savings from insurance costs toward lower prices — a move that should help keep riders using Uber's app, he said.

The layoffs came as Uber has largely exceeded analysts' expectations in recent quarterly earnings reports. The company's stock also rose about 2% on Thursday after it disclosed in an SEC filing that Khosrowshahi had added about $10 million in Uber stock to his holdings.

Khosrowshahi said that Uber picked the right time to make the layoffs because the company was in "a position of strength versus weakness."

"Some companies wait," he said. "We don't believe in waiting."

Do you have a story idea about Uber? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.

Uber Layoffs ride-hailing More Tech

Uber has shed more than 30% from its highs while posting record free cash flow, and at least one top Wall Street analyst thinks the market has it spectacularly wrong about where this stock belongs.

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Uber shares are trading at $71.10, well below the Wall Street consensus 12-month price target of $102.13. That leaves a roughly 44% gap between where the stock trades today and where the analyst crowd thinks it belongs.

Uber (NYSE:UBER | UBER Price Prediction) runs the largest global ride-hailing and food-delivery marketplace, layered with a fast-scaling advertising business, a 50-million-member Uber One subscription, and a growing role as the connective tissue for third-party robotaxi fleets. Wall Street has spent the last two years treating it as the default winner in mobility. The problem is that the stock has not cooperated.

Since peaking near $101.99 over the past year, shares have slid steadily. The dislocation has grown wide enough that at least one senior analyst says the stock could roughly double from here.

A 30% Slide From the Highs Despite Record Cash Flow Uber is down more than 30% from its 52-week high, and the damage has accelerated recently. Shares fell 7% in the past week alone and 25.51% over the past year, an unusually violent move for a company generating record free cash flow.

The catalyst is a string of top-line disappointments. Q2 FY2026 revenue of $14.19 billion missed consensus by 0.5%, and EPS of $0.81 came in below the $0.83 estimate. That followed a Q1 miss and a Q4 miss driven by a $1.6 billion equity revaluation headwind. Mobility revenue grew just 1% year over year in Q2, a sharp deceleration that spooked investors even though management attributed most of the pressure to a U.K. business-model change worth roughly 400 basis points of margin optics.

Layer in worker-classification overhang, competitive noise around Waymo and Tesla robotaxis, and a temporary buyback slowdown tied to about $4 billion deployed toward Delivery Hero stock, and you get a market that stopped rewarding the underlying operating story.

Why Evercore Sees Uber Nearly Doubling to $150 The bull case starts with Evercore ISI analyst Mark Mahaney, whose $150 price target stands as the active Street high. That implies roughly 111% upside from current levels. Mahaney anchors the call on three pillars: the Uber One subscription flywheel, where members spend roughly 3x more than non-members; accelerating free cash flow conversion funding aggressive buybacks; and expansion into higher-margin verticals like advertising, grocery, and travel.

The underlying numbers back the thesis. Gross Bookings grew 22% year on year in Q2 to more than $58 billion, marking the fourth consecutive quarter above 20%. Non-GAAP EPS grew 35%, and trailing 12-month free cash flow crossed $10 billion for the first time. Management said buybacks will rebuild in “months, not quarters.”

Analysts see Uber as the ecosystem winner in autonomy. The platform is live in seven cities with AV partners, on track for 15 cities by year end, with NVIDIA‑powered vehicles planned in 28 different cities globally by 2028. Consensus 2026 EPS has risen from $2.9558 ninety days ago to $3.2927, with 27 upward revisions against just 2 downward in the trailing month.

Of the analyst coverage, 8 rate it Strong Buy, 35 Buy, 7 Hold, and 1 Sell. That is a strongly bullish posture heading into a stock that has done the opposite of what its coverage suggested.

Peers Sold Off Together, But Grab Shows the Cleanest Upside The gig-economy peer group fell as a bloc, not just Uber. Every major name is negative year to date while the broader market has climbed.

Lyft (NASDAQ:LYFT) trades near $14.90, down 23.08% year to date, against a consensus target of $19.84 for roughly 33% upside. Ratings skew Hold-heavy at 4 Strong Buy, 11 Buy, 29 Hold, and 1 Strong Sell.

DoorDash (NASDAQ:DASH) sits at $197.25, off 12.91% year to date, versus a $254.43 target implying about 29% upside. Coverage is bullish with 8 Strong Buy, 27 Buy, and 10 Hold.

Grab Holdings (NASDAQ:GRAB) trades at $3.04 after a brutal 39.08% year-to-date decline, but analysts peg fair value at $5.86, implying roughly 93% upside with a unanimous Buy skew of 5 Strong Buy and 21 Buy.

Grab carries the largest consensus upside on paper, but its Southeast Asia exposure and thinner earnings base make the setup riskier. Among the U.S.-scaled operators, Uber’s 44% consensus gap is the widest, and Mahaney’s $150 call is a full standard deviation above the crowd.

Numbers That Frame the Setup Uber trades at $71.10 with a market cap near $149 billion, a forward P/E of 17, and a return on equity of 37.2%. The $102.13 consensus target reflects 51 covering analysts.

Year to date, Uber is down 12.98% while the S&P 500 is up 11.81%. That is a roughly 25-point relative underperformance for a company that just posted 35% non-GAAP EPS growth. Reddit sentiment on wallstreetbets sits at a bullish 78, hinting that retail is beginning to lean into the dislocation.

Where I Actually Land on Uber Here The bull case rests on the view that reported revenue-growth optics are noise and the real story is $10 billion in trailing free cash flow, restored buybacks within months, and a genuine lead position in commercializing autonomous fleets. That is the path back toward $102, and Mahaney’s $150 case if margin expansion and AV monetization arrive on schedule.

The bear case rests on the view that Waymo and Tesla robotaxis structurally cap Mobility growth, Delivery Hero integration eats years of capital, and worker-classification battles compress margins. In that world, the recent misses are early evidence of a slower-growth Uber, and the price target catches down to the price.

The weight of evidence leans bullish. Free cash flow, gross bookings growth, and analyst revisions are all pointing up while the stock points down. That kind of divergence usually resolves in favor of the fundamentals.

Contact [email protected] for any questions or corrections.

Uber Technologies (UBER - Free Report) ended the recent trading session at $71.08, demonstrating a -2.8% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.48%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq lost 0.64%.

The ride-hailing company's shares have seen a decrease of 6.89% over the last month, not keeping up with the Computer and Technology sector's gain of 0.4% and the S&P 500's loss of 0.97%.

The upcoming earnings release of Uber Technologies will be of great interest to investors. In that report, analysts expect Uber Technologies to post earnings of $1.09 per share. This would mark a year-over-year decline of 64.95%. At the same time, our most recent consensus estimate is projecting a revenue of $14.76 billion, reflecting a 9.6% rise from the equivalent quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.45 per share and a revenue of $57.96 billion, signifying shifts of -34.91% and +11.43%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for Uber Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.12% increase. At present, Uber Technologies boasts a Zacks Rank of #3 (Hold).

From a valuation perspective, Uber Technologies is currently exchanging hands at a Forward P/E ratio of 21.18. This signifies a premium in comparison to the average Forward P/E of 16.04 for its industry.

One should further note that UBER currently holds a PEG ratio of 5.79. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 1.55.

The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 196, putting it in the bottom 21% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Uber Technologies Today

UBER

Uber Technologies

$73.06 -2.70 (-3.57%)

As of 09/8/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

$65.41▼

$101.9916.06

$104.49

The market often misinterprets the structural evolution of logistics networks, pricing them on legacy models rather than future capabilities. This dynamic is currently playing out with Uber Technologies, Inc. NYSE: UBER. On Sept. 3, Uber initiated its first supervised autonomous ride-hailing service in London. By deploying all-electric Ford Mustang Mach-E vehicles powered by Wayve's AI Driver, Uber is demonstrating a clear pivot in its business model.

Rather than absorbing the heavy capital expenditures required to manufacture proprietary autonomous vehicles, Uber is positioning itself as the commercialization and distribution layer for third-party technology. This asset-light approach allows Uber to bridge the gap toward long-term autonomous margins while avoiding the risks of automotive manufacturing. Investors assessing the current valuation might notice a disconnect between the traditional human-driven logistics multiple and the highly scalable, AI-integrated hybrid network being built.

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Steering Clear of ManufacturingUnderstanding the mechanics of the Wayve partnership reveals why this strategy appeals to institutional capital. Wayve utilizes an AV2.0 approach, relying on mapless, hardware-agnostic artificial intelligence (AI) that learns from complex environments rather than relying on traditional hand-coded rules. This adaptability is critical in a regulatory and geographical maze like London, where mapping every variable is nearly impossible.

The structural advantage for Uber rests on the deliberate avoidance of hardware development. Developing self-driving cars requires billions in research, development, and manufacturing overhead. By supplying the localized rider demand and the routing network, Uber allows partners like Wayve to focus on the intelligence while original equipment manufacturers like Ford NYSE: F and Nissan OTCMKTS: NSANY handle the hardware. Over 140,000 London riders have already opted in to the service, suggesting that consumer adoption barriers may be lower than previously anticipated.

This strategy extends well beyond a single city. Uber participated in Wayve's recent $1.5 billion funding round, aligning financial interests to secure global scaling rights across 12 planned markets. With upcoming integration plans for the Nissan LEAF and partnerships with over 30 external autonomous developers, Uber is on track to facilitate autonomous trips in up to 15 cities by the end of 2026. This allows Uber to scale its autonomous offerings globally without the traditional drag of severe capital expenditures.

Refueling With Free Cash FlowAn asset-light model relies heavily on network density and the ability to generate liquidity without internal cash burn. Recent financial disclosures highlight how this transition is already reflected in profitability metrics. During the second quarter of 2026, Uber generated about $2.8 billion in free cash flow and reported gross bookings of nearly $58.0 billion. This represents a 24% year-over-year increase in bookings, providing the exact liquidity framework required to fund external artificial intelligence integrations.

The ongoing shift toward third-party integration directly supports expansion of the earnings before interest, taxes, depreciation, and amortization (EBITDA) margin. Adjusted EBITDA grew 33% year-over-year to $2.8 billion for the quarter, pushing the margin to 4.9%, up from 4.5% a year prior. By letting venture capital and external partners absorb the research and development costs of autonomous driving, Uber preserves its cash flow to reinvest in market share and core platform density.

This density strategy is evident in concurrent corporate actions, such as the ongoing €41.50-per-share (approx. $46) takeover offer for Delivery Hero. Acquiring complementary logistics networks widens the multi-vertical distribution funnel. A denser network of food and freight delivery creates immediate, practical deployment routes for future autonomous fleets. This allows Uber to maximize vehicle utilization rates across a 24-hour cycle, routing autonomous cars for passenger transport during peak hours and logistics delivery during off-peak times.

Valuations Ready to AccelerateCapital flows often lead retail sentiment, and the structural support for Uber rests heavily on institutional accumulation. Institutional investors currently hold roughly 80% of the public float. Over the trailing 12 months, these buyers initiated inflows of nearly $39.12 billion, far outweighing outflows of roughly $10.36 billion. Entities like the Virginia Retirement Systems hold large positions, suggesting a long-term horizon aligned with the autonomous transition.

Uber Technologies Stock Forecast Today12-Month Stock Price Forecast:
$104.49
43.02% Upside

Moderate Buy
Based on 42 Analyst Ratings

Current Price$73.06High Forecast$150.00Average Forecast$104.49Low Forecast$72.00Uber Technologies Stock Forecast Details

From a valuation perspective, Uber trades near $76 with a trailing price-to-earnings (P/E) ratio around 16.8. Compared with broader technology-sector platforms that often command multiples well above 30, the current pricing implies the market still views Uber as a human-reliant logistics business. As the percentage of autonomous trips increases, the marginal cost of routing a vehicle could fall substantially, shifting the business's unit economics.

Sell-side analysts appear to be factoring in this evolution in margins. Of 42 analysts covering Uber Technologies, Inc., 34 maintain a Buy rating, resulting in a consensus of Moderate Buy. A consensus price target near $104 suggests an anticipated upside of roughly 36% from current trading levels.

The recent London rollout serves as tangible proof of concept for the broader analyst community, validating the operational feasibility of replacing human drivers with software in highly congested urban environments.

Plotting the Next DestinationThe integration of Wayve's technology in the United Kingdom provides a clear template for how ride-hailing networks plan to achieve long-term profitability. Transitioning directly from human drivers to fully autonomous fleets carries severe regulatory and operational risks. By steadily phasing in third-party autonomous vehicles to operate alongside human drivers, Uber ensures consistent reliability while gradually lowering the overall cost per trip.

This hybrid approach de-risks the technological rollout while maintaining the supply density required to serve global demand. The combination of strong free cash flow, deep institutional backing, and an expanding global footprint of autonomous partners creates a compelling fundamental setup. Uber is positioning itself not as a car manufacturer, but as the essential operating system for global movement. Investors analyzing the shifting mobility sector might consider adding Uber to their watchlist as the market begins to factor in the long-term margin expansion associated with its software distribution capabilities.

Should You Invest $1,000 in Uber Technologies Right Now?Before you consider Uber Technologies, you'll want to hear this.

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Tesla Inc‘s (NASDAQ:TSLA) Cybercab has finally moved from concept to commercial service, but its biggest competitor isn’t another automaker—it’s Uber Technologies, Inc. (NYSE:UBER).

While Tesla is building a vertically integrated robotaxi business from the ground up, Uber is assembling an autonomous fleet through partnerships, setting up two very different paths to the future of ride-hailing.

Tesla’s Cybercab StrategyTesla’s robotaxi ambitions center on owning the entire ecosystem. The company develops the vehicle, the autonomous driving software, and the ride-hailing platform, allowing it to capture more of the economics if the model scales successfully.

That vision is now being tested in Austin, where Tesla has launched limited public Cybercab rides using its purpose-built, steering wheel–free vehicle. The rollout is still small, but it marks Tesla’s first attempt to commercialize a robotaxi service built around a vehicle designed exclusively for autonomous ride-hailing.

Tesla CEO Elon Musk has repeatedly argued that autonomy could eventually reduce ride costs to a fraction of today’s prices by eliminating the need for human drivers. The company’s long-term thesis depends on achieving enough scale for those lower operating costs to outweigh the substantial upfront investment in vehicles and AI.

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Uber’s Robotaxi NetworkUber is pursuing a fundamentally different strategy.

Rather than building autonomous vehicles, the ride-hailing giant has positioned itself as a marketplace for robotaxis. The company has announced partnerships with multiple autonomous driving developers, giving riders access to different autonomous fleets through a familiar app., including:

Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google’s Waymo Wayve Amazon.com Inc‘s (NASDAQ:AMZN) Zoox Baidu, Inc‘s (NASDAQ:BIDU) Apollo Go and Nebius Group N.V.‘s (NASDAQ:NBIS) Avride Trending

That approach allows Uber to benefit from advances in self-driving technology without bearing the cost and execution risk of developing its own vehicles.

The contrast is already visible in Austin, where Tesla’s Cybercab service has begun operating.

Early rider comparisons shared online show Cybercab fares on some routes costing more than equivalent Uber rides, although pricing remains highly dynamic and reflects Tesla’s limited fleet size during the initial rollout. Those snapshots offer only a point-in-time comparison, not a definitive measure of long-term economics.

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What Investors Should WatchThe robotaxi race may ultimately be less about who builds the best autonomous vehicle than who controls the customer relationship.

Tesla is betting that owning the vehicle, software and platform will create a durable competitive advantage as autonomous driving matures. Uber, meanwhile, is betting that riders will keep valuing a single marketplace that offers access to multiple robotaxi providers, regardless of who manufactures the vehicles.

For investors, the key metric is unlikely to be today’s fare comparison. Instead, it will be whether Tesla can scale Cybercab production quickly enough to lower costs, or whether Uber’s asset-light platform model proves more resilient in capitalizing on the autonomous transportation market.

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Image via Shutterstock

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Key Takeaways Uber's Delivery Hero deal could expand markets offering both mobility and delivery services from 34 to 58. UBER posted Q2 gross bookings above $58B, up 22% at constant currency, its fourth straight quarter over 20%. Uber's debt, weak share performance and expected 2026 EPS y/y fall support waiting for a better entry point. Uber Technologies (UBER - Free Report) moved a step closer to acquiring Delivery Hero when the latter’s board recommended that shareholders accept its offer. The board recently issued a statement terming Uber’s offer "fair and adequate." The acceptance period for the takeover offer ends on Nov. 5, 2026.

Under the takeover offer, Uber will pay €41.50 per Delivery Hero share, valuing the latter at approximately $14.8 billion, or $13.7 billion after adjusting for the former's existing stake. Before the offer, Uber owned about 24.77% of Delivery Hero's voting shares and had an additional 11.74% economic exposure through equity derivatives. Prosus has agreed to tender its roughly 17% stake, raising Uber's total economic interest to about 53%. The takeover would significantly increase the number of markets where Uber can offer both mobility and delivery services from 34 to 58.

Uber expects the acquisition to strengthen the global technology platform by combining it with Delivery Hero's established local brands, merchant network and delivery capabilities. The combined business is anticipated to enhance consumer choice, improve the Uber One membership proposition and provide merchants with greater demand through Uber's large user base, supported by advertising, promotional and commerce tools. AUber is denser network is also expected to increase order volumes, improve courier utilization and create additional earning opportunities for delivery partners and drivers.

With Uber’s impending acquisition of Delivery Hero taking a major step toward completion, the question is whether it is worth buying UBER stock at current prices. Let us dig deeper to find out.

Further Factors Working in Favor of UBERAV Ambitions Gain Pace: Uber is looking to establish a strong foothold in the lucrative robotaxi space through a partnership-focused approach. To this end, it has recently inked many deals. Earlier this month, Uber and British AI company Wayve have launched supervised autonomous rides in London, making such trips available in the United Kingdom for the first time. Londoners requesting UberX, Uber Electric or Uber Comfort may now be matched with a Wayve vehicle at no additional cost, with fares displayed upfront in the Uber app.

In June, Uber, in collaboration with WeRide (WRD - Free Report) , a Chinese autonomous vehicle company, announced plans to introduce commercial robotaxi services in the Greater Zurich Region. This move represents their second joint deployment in Europe, coming just weeks after the announcement of a similar initiative in Madrid. The service is expected to commence later this year in partnership with Switzerland’s Federal Roads Office, pending regulatory approvals. At launch, passengers will be able to access the robotaxi service through the Uber app. The launch builds on the partners’ growing track record in autonomous mobility.

Since December 2024, WeRide and Uber have introduced robotaxi services across several Middle Eastern markets, including fully driverless commercial operations in Abu Dhabi and Dubai, as well as public services in Riyadh. These deployments provide an operational foundation for their European expansion.

Last month, Uber announced that another Chinese company, Baidu (BIDU - Free Report) , has made its fully autonomous Apollo Go vehicles are available to riders through the former’s platform in Dubai, with New Horizon Luxury Transport operating the fleet. The rollout strengthens Uber’s position in the autonomous-vehicle market and represents an important step in the global expansion of driverless transportation.

Dubai is the first launch location under the companies’ multi-year strategic partnership, which aims to deploy thousands of Apollo Go vehicles of Baidu across Uber’s worldwide network. Uber emphasized that safety remains a central priority. Baidu’s Apollo Go vehicles, like all autonomous vehicles operating through Uber’s network, must comply with its safety guidelines before entering service.

Uber’s dominant market share in the ride-hailing industry also gives it a unique advantage. With its vast network of drivers and customers, Uber can quickly scale autonomous services once the technology matures. Its app is designed to integrate AVs from multiple partners, giving users a variety of options.

Gross Bookings Growth: Uber continues to benefit from robust growth in gross bookings. The company has been recording solid double-digit growth in gross bookings across both its mobility and delivery businesses.

In the second quarter of 2026, gross bookings grew 22% on a constant currency basis year on year to more than $58 billion, above the high end of the company’s guidance and marking the fourth consecutive quarter above 20% growth for this key metric. Trips also accelerated with results benefiting from travel linked to the FIFA World Cup.

Segment-wise, Mobility bookings rose 22% year over year on a reported basis and 20% on a constant currency basis to $28.98 billion, supported by continued demand for rides across Uber’s global platform. Uber’s ride-hailing business benefited from the mega event with millions of tourists taking rides across host cities in the United States, Canada and Mexico.

Delivery gross bookings increased 26% year over year on a reported basis and 25% on a constant currency basis to $27.46 billion, while Freight bookings increased 25% year over year on a reported basis as well as on a constant currency basis to $1.57 billion. Growth across all three offerings demonstrated the breadth of the company’s platform during the quarter.

For the third quarter, Uber expects gross bookings in the band of $58.25-$60.25 billion. The mid-point of the guided range is roughly in line with the Zacks Consensus Estimate of $59.2 billion.

Continued expansion in gross bookings strengthens Uber’s revenue base, improves operating leverage across its platform and deepens network effects among riders, drivers and merchants. This momentum not only supports revenue growth but also enhances the company’s long-term profitability potential by enabling fixed costs to be distributed more efficiently across a larger transaction base.

Earnings History: Uber’s earnings have outpaced the Zacks Consensus Estimate in three of the past four quarters, missing the mark on the other occasion. The average beat is 99.5%.

Growth Opportunity for UBER Is Real, but so Are the RisksAgreed that Uber is benefiting from its AV-related ambitions and gross booking strength. The acquisition of Delivery Hero, if it materializes, would lead to significant expansion for Uber. However, investors should remember that it is facing some headwinds that cannot be ignored.

UBER’s financial metrics indicate that its leverage is elevated and is a massive negative for its shareholders. The long-term debt burden of the company stood at $10.7 billion at the end of the second quarter of 2026, which translates into a long-term debt-to-capitalization of 27.9%. This is reasonable but above the Zacks Internet-Services industry’s 11.8%. UBER’s times interest earned ratio at the June quarter-end was 15.5, which is much lower than its industry, indicating a high risk of default.

Shares of Uber have declined in single digits (% wise) so far this year, underperforming the Zacks Internet-Services industry as well as the S&P 500 index.

YTD Price ComparisonImage Source: Zacks Investment Research

What Do Estimates Suggest for Uber?The Zacks Consensus Estimate for 2026 earnings implies a year-over-year decline of approximately 35%, while 11% growth is indicated in terms of revenues. However, the earnings estimate revision trend is impressive. Earnings per share estimate projections for the current and next quarter, and full-year 2026 and 2027 have improved over the past 60 days.

Image Source: Zacks Investment Research

How to Play UBER Stock Currently?While Uber’s weak stock performance, high debt load, labor unrest and geopolitical woes present near-term challenges, the long-term outlook for the ride-hailing giant remains far from discouraging.

The company’s strategic diversification, AV focus and shareholder-focused initiatives continue to serve as key strengths. With a market capitalization of $154.74 billion, Uber remains well positioned to navigate economic uncertainties. Uber’s ongoing commitment to diversification — through acquisitions, geographic expansion and innovative product offerings — has helped reduce risks and reinforce its competitive standing.

Overall, Uber’s scale, strategic investments and diversification efforts provide a strong foundation for sustained long-term growth. Despite the recent unfavorable price performance, maintaining a position in this Zacks Rank #3 (Hold) stock appears to be a sensible approach for now, while potential investors may prefer to wait for a more attractive entry point.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.   

Uber (UBER.N) launched autonomous rides in London on Thursday using AI technology developed by Britain's Wayve, making the ​city the second in Europe after Zagreb where the ‌company offers robotaxis.

Here are more details:

Initially a licensed operator will be on board to monitor the car before fully driverless operations begin at ​some point in the future, the companies said.

Riders who ​request an UberX, Uber Comfort or Uber Electric ⁠could be matched with a Wayve-powered Ford Mustang Mach-E at ​no additional cost.

Fewer than 20 cars will be available at ​launch.

Regulatory barriers remain before full driverless services can launch in London, including delays at authorisation body Transport for London.

Uber's Global Head of Autonomous Mobility ​Sarfraz Maredia said the launch would "build credibility with consumers ​as well as with the government".

British Transport Secretary Heidi Alexander said: "This is ‌a ⁠major milestone for the future of transport in London, as British innovation brings this technology onto our roads and gives passengers more choice."

Wayve's AI Driver learns from experience like a human ​driver, enabling ​it to adapt ⁠to new roads, vehicles, weather conditions and cities, the companies said.

Uber partnered with Wayve in ​2024, including an investment, with the aim of ​using ⁠future Wayve-powered vehicles in multiple markets.

Alex Kendall, CEO and co-founder of Wayve, said: "We're proud to introduce the Wayve AI Driver to ⁠the ​public for the first time right ​here in London, our home city and one of the most complex driving ​environments in the world."

Uber drivers have launched a landmark legal action against the ride-hailing company claiming they live in “constant fear” of a “soulless” algorithm it uses to set pay and allocate jobs.

Drivers from the UK, the Netherlands and other countries have joined the compensation claim that could run into billions of dollars. It alleges an AI-powered pay-setting system breaches data protection laws and pushes down their earnings.

The claim has been filed at Amsterdam’s district court, where the $150bn (£111bn) San Francisco tech company has its European HQ. It is the first collective legal move of its kind, according to the European Trade Union Confederation.

The case centres on an opaque “black box” algorithm fed on information about drivers, which sets a personalised rate for each ride. Drivers fear it pushes down fares to the minimum they are willing to accept.

Drivers have told the Guardian the algorithm has offered the same job to different people at different pay rates and offers them less for a return journey after a long trip because it calculates they will not want to come home empty.

“It is like someone watching you all the time and knowing about your weakness – the boss is the algorithm,” said Mohammed Shirwa, a 41-year-old Uber driver in Rotterdam. “All the time the algorithm is learning about you and what you are willing to accept. So the prices go low but you are stuck. It knows you need the job.”

Kola Oba, from Tottenham in north London, claims Uber exploits information it collects about him to push down fares.Kola Oba, who calls the algorithm “soulless”, was taking a break in Tottenham, north London, with another driver when they were offered the same job.

The other driver was offered £27 and Oba was offered £23. The pair suspected it was because Oba, 48, had taken several cheap jobs and the AI assumed he would accept a lower price. Uber has previously said such discrepancies were down to other features of its system including GPS, surge pricing, promotions and testing.

“It’s scary – they have all my information and they are using it against my own wellbeing,” Oba said. “It defines how much I earn, how long I have to work, my time with my family, my resting time.”

AI models take an increasing role in assigning work to humans by using their rapidly increasing power to learn about a business’s needs and staff behaviour and then acting as a “synthetic manager”.

The Dutch data protection authority fined ⁠Uber €825m (£708m) last month for deactivating driver ⁠accounts through automated systems without ​adequate notice. Uber said it would appeal. The company is also planning to roll out driverless cars in European cities from London to Zagreb, initially with human supervisions.

The legal case is being led by the Worker Info Exchange, a campaign group whose founder, James Farrar, secured a UK supreme court ruling that Uber drivers should have worker rights.

Relating to about 241,000 drivers across the EU and the UK, the claim alleges that Uber has unlawfully used automated decision-making, including profiling, in dynamically setting pay and allocating work.

The lawsuit, which also claims the company unlawfully used driver data to train its AI models, is seeking damages for affected drivers and an injunction to halt the conduct which it claims breaches GDPR data regulations.

The drivers claim Uber has operated dynamic pay-setting in the UK since 2023, pushing down their annual incomes by about £5,000. The system was introduced in the Netherlands this year.

Uber’s chief executive, Dara Khosrowshahi, said in 2023: “I think that what we can do better is targeting of different trips to different drivers based on their preferences or based on behavioural patterns that they’re showing us.”

Uber, which has its headquarters in San Francisco, said it categorically rejected the allegations. Photograph: Bloomberg/Getty ImagesUber said it did not adjust the price offered for a trip based on an individual driver’s behaviour and that a history of accepting or rejecting trips was not used to personalise pay offers. Instead, it said, dynamic pricing allowed it to increase pay on less attractive trips, boosting a driver’s earning potential.

“While we haven’t seen the claim yet, we categorically reject the allegations,” an Uber spokesperson said. “The Uber app uses real-time information about the trip such as journey, duration and destination to calculate fares.

“Drivers see their earnings and where a trip is going before they decide whether to accept it. The vast majority of total fares continue to go where they belong: into drivers’ pockets, and the percentage that Uber keeps from fares has remained relatively flat.”

A 2025 study by academics at the University of Oxford, which Uber said relied on incomplete and selective data, found there had been substantial cuts in driver earnings after the “dynamic” algorithm was introduced.

Farrar said: “It’s bad enough that Uber’s dynamic pay algorithms have squeezed driver pay for years now but the intrusive and underhanded way in which Uber uses its technology to monitor and influence drivers’ behaviour is an affront to their dignity as workers and as human beings.”

Anton Ekker, a Dutch lawyer leading the case, said: “A computer algorithm should not independently make decisions that strip individuals of their livelihood. Like so many other online platforms, it should be held accountable for the large-scale exploitation of vulnerabilities of European citizens.”

BNP Paribas decreased its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 21.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,446 shares of the ride-sharing company’s stock after selling 47,747 shares during the quarter. BNP Paribas’ holdings in Uber Technologies were worth $12,464,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors boosted its stake in Uber Technologies by 2.6% in the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after buying an additional 2,903,021 shares in the last quarter. Public Investment Fund acquired a new position in Uber Technologies in the second quarter valued at about $5,256,173,439. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock valued at $3,906,083,000 after purchasing an additional 1,602,596 shares during the last quarter. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $2,515,094,000. Finally, Northern Trust Corp grew its position in shares of Uber Technologies by 1.5% in the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after purchasing an additional 297,132 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In A number of brokerages recently issued reports on UBER. Mizuho set a $112.00 price objective on shares of Uber Technologies in a research note on Thursday, August 6th. BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. Tigress Financial increased their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $104.25.

Get Our Latest Report on UBER Uber Technologies Trading Up 2.6% UBER opened at $78.98 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99. The business’s 50-day simple moving average is $73.72 and its 200-day simple moving average is $73.43. The company has a market cap of $161.32 billion, a P/E ratio of 17.36, a PEG ratio of 6.20 and a beta of 1.13.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

More Uber Technologies News Here are the key news stories impacting Uber Technologies this week:

Positive Sentiment: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine Uber Technologies Company Profile (Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Alta Advisers Ltd purchased a new position in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,110 shares of the ride-sharing company’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Uber Technologies during the 4th quarter worth $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Uber Technologies in the second quarter worth $752,151,000. Marshall Wace LLP increased its stake in Uber Technologies by 1,462.2% in the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after acquiring an additional 6,264,946 shares during the last quarter. Employees Provident Fund Board bought a new position in Uber Technologies in the fourth quarter valued at $265,205,000. Finally, Southpoint Capital Advisors LP bought a new position in Uber Technologies in the first quarter valued at $222,983,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance NYSE UBER opened at $78.89 on Friday. The company has a 50-day simple moving average of $73.06 and a two-hundred day simple moving average of $73.35. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99. The firm has a market cap of $161.14 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 6.35 and a beta of 1.13.

Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts forecast that Uber Technologies, Inc. will post 3.39 EPS for the current year. Wall Street Analyst Weigh In Several equities research analysts have issued reports on UBER shares. Sanford C. Bernstein dropped their price target on Uber Technologies from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Fox Advisors upgraded Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a report on Monday, May 11th. Citizens Jmp restated a “market outperform” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, April 28th. Finally, The Goldman Sachs Group set a $100.00 target price on Uber Technologies in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.

Read Our Latest Stock Report on Uber Technologies

Uber Technologies News Summary Here are the key news stories impacting Uber Technologies this week:

Positive Sentiment: Robotaxi expansion strengthens Uber’s autonomous-vehicle narrative. Uber launched Baidu’s fully driverless Apollo Go service in Dubai and began autonomous rides in Zagreb, Croatia, with Pony.ai and Verne. These launches support Uber’s role as a global platform for third-party autonomous fleets, potentially adding future ride supply without requiring Uber to own the vehicles. Uber launches Baidu’s Apollo Go in Dubai Positive Sentiment: Nevada approvals provide a major commercial opportunity. Regulators approved permits allowing Tesla, Uber and Waymo to operate as many as 8,000 robotaxis in Clark County over the next year. The authorization gives Uber a path to scale autonomous rides in the Las Vegas market, although actual deployment and profitability remain uncertain. Nevada approves Tesla, Uber and Waymo robotaxis Positive Sentiment: Investor and analyst commentary remains supportive. Uber was selected as a “Stock to Study” by BetterInvesting Magazine, while CNBC commentary and Jim Cramer remained favorable toward the company’s long-term prospects. These endorsements are secondary catalysts but may reinforce positive sentiment following Uber’s recent earnings beat. Neutral Sentiment: Uber monetized part of its Aurora investment. The company sold approximately $472 million of Aurora Innovation stock while retaining more than 186 million shares. The transaction provides liquidity and may crystallize gains, but it also reduces Uber’s exposure to a key autonomous-driving investment. Uber sells $472 million of Aurora stock Negative Sentiment: A Dutch regulator imposed an €825 million ($966 million) fine. The penalty alleges Uber violated European data-protection rules by automatically suspending drivers without adequate notice or human review. The fine creates a sizable financial and compliance liability and could require changes to Uber’s driver-account procedures. Dutch regulator fines Uber for automated suspensions Negative Sentiment: Reports about algorithmic pricing add reputational and regulatory risk. Coverage of Uber’s AI-driven upfront pricing could increase scrutiny over how fares and driver pay are determined, particularly alongside the driver-suspension ruling. While dynamic pricing can support revenue optimization, concerns about transparency may pressure Uber to modify its systems. Uber Technologies Company Profile (Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Bell & Brown Wealth Advisors LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 36,388 shares of the ride-sharing company’s stock, valued at approximately $2,626,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in Uber Technologies during the 3rd quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at $25,000. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth $25,000. Imprint Wealth LLC bought a new position in Uber Technologies during the third quarter worth $32,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Uber Technologies in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance UBER stock opened at $78.61 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50-day moving average is $72.86 and its 200-day moving average is $73.31. The stock has a market capitalization of $160.57 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 6.29 and a beta of 1.13. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year. Key Stories Impacting Uber Technologies Here are the key news stories impacting Uber Technologies this week:

Positive Sentiment: Robotaxi expansion in Dubai: Uber launched Baidu’s fully driverless Apollo Go vehicles on its platform in Dubai, creating what the companies described as the first global multi-partner autonomous network. The initiative strengthens Uber’s role as the marketplace connecting riders, autonomous fleets and local operators, without requiring Uber to build the vehicles itself. Uber Launches Baidu’s Fully Driverless Apollo Go in Dubai Positive Sentiment: Autonomous rides reach Europe: Uber, Pony.ai and Verne began offering autonomous rides in Zagreb, Croatia—the first European city where riders can book a self-driving vehicle through Uber’s app. The launch expands Uber’s long-term opportunity to participate in AV economics while relying on partners for vehicle technology and operations. Uber launches autonomous rides in Zagreb Positive Sentiment: Analyst and media support: Commentary comparing Uber with Lyft highlighted Uber’s stronger bookings growth, diversification and AV partnerships. Jim Cramer also remained bullish on Uber as a long-term holding, adding to the favorable sentiment around the stock. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results? Neutral Sentiment: Portfolio rebalancing involving Aurora: Uber sold approximately $472 million of Aurora Innovation stock but continues to own more than 186 million shares. The sale provides liquidity and may realize gains, although it reduces Uber’s direct exposure to Aurora’s future upside. Uber Sells $472 Million of Aurora Stock Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing pricing and margins if autonomous vehicles reduce the cost of competing services. The risk is longer term, but it highlights potential disruption to Uber’s core marketplace economics. Tesla’s Cybercab Launch Could Reshape Margins for Uber and Lyft Wall Street Analyst Weigh In A number of brokerages have weighed in on UBER. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 price target on shares of Uber Technologies in a report on Tuesday, April 28th. Mizuho set a $112.00 target price on Uber Technologies in a report on Thursday, August 6th. Sanford C. Bernstein dropped their price target on Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Citigroup restated a “market outperform” rating on shares of Uber Technologies in a report on Wednesday. Finally, Fox Advisors raised shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $104.25.

Check Out Our Latest Report on UBER

Uber Technologies Profile (Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Uber Technologies, Inc (NYSE: UBER) today announced that Baidu, Inc.’s (NASDAQ: BIDU and HKEX: 9888) fully driverless Apollo Go vehicles are officially available to riders on the Uber platform in Dubai, with New Horizon Luxury Transport serving as the fleet operator. This milestone reinforces Uber’s position as the platform of choice for autonomous vehicles (AVs) and marks a leap forward in expanding autonomous technology worldwide. As the inaugural step in a multi-year strategic partnership, Dubai serves as the launchpad for scaling thousands of Apollo Go vehicles across Uber’s global network.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260819810612/en/

Apollo Go’s sixth-generation RT6 is a purpose-built, fully electric robotaxi designed for fully driverless operations

Starting today, riders in Dubai requesting an UberX or Uber Comfort may be matched with a fully driverless Apollo Go vehicle. To increase the chances of being matched with a robotaxi, riders can also select the dedicated “Autonomous” option directly in the Uber app. At initial launch, the fully autonomous service will be available in select locations in Umm Suqeim and Jumeirah, with plans to expand the operating territory in the future.

“Bringing our partnership with Baidu to life is a major step forward as we expand autonomous mobility globally,” said Sarfraz Maredia, Global Head of Autonomous at Uber. “Launching in Dubai marks the first time our multi-partner vision comes to life on public roads, demonstrating how combining advanced autonomous technology with our global marketplace can accelerate an electric, shared, and autonomous future.”

"This launch marks a meaningful milestone in our partnership with Uber, with Dubai serving as the launchpad as the partnership grows its footprint," saidNan Yang, Vice President of Baidu and General Manager of Overseas Business Unit, Intelligent Driving Group. "Dubai is also the first city where we've successfully established a dual-model offering both self-operated and partner-based autonomous ride-hailing services internationally. With this launch, we are excited to offer another way for riders in Dubai to enjoy the benefits of autonomous mobility."

The service will use Apollo Go’s sixth-generation RT6, a purpose-built, fully electric robotaxi designed for fully driverless operations. Accommodating up to three passengers, each vehicle is equipped with more than 30 sensors for comprehensive perception of its surroundings and real-time onboard data processing.

Apollo Go brings deep experience in large-scale, real-world deployment and continues to rapidly expand its global footprint. To date, Apollo Go has spanned 28 cities globally, and its fleets have accumulated over 350 million autonomous kilometers, including over 240 million fully driverless autonomous kilometers, with an outstanding safety record.

Safety remains Uber’s top priority. All autonomous vehicles, including Baidu’s Apollo Go, must adhere to Uber's stringent Safety Guidelines before operating on the network.

Uber is focused on making electric, shared, and autonomous transportation a reality. With more than 30 AV partners and millions of autonomous trips completed each year, the company is building the industry’s first hybrid network—where autonomous vehicles and drivers work side by side to make transportation more affordable, sustainable, and accessible for all.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 79 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

About Baidu

Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong internet foundation, trading on the NASDAQ under "BIDU" and HKEX under "9888." One Baidu ADS represents eight Class A ordinary shares.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260819810612/en/

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Uber chief operating officer Andrew Macdonald previously said it's getting harder to justify money spent on AI. Sam Barnes/Sportsfile for Collision via Getty Images Uber President and COO Andrew Macdonald is "tempted to say" the ride-hailing giant will have fewer employees in five years, but don't hold him to it.

"I think if you took everything Uber does today and held it static and said in five years you're going to need more or less people, I'd say, 'Well, we could do everything we do today with less people in five years because of the power of AI, but we're going to be doing a whole bunch of new interesting stuff,'" Macdonald said during a recent appearance on venture capitalist Harry Stebbings' "20VC" podcast. "And so maybe we need more employees to do that stuff."

Macdonald talked about how the company has a "disproportionate" head count in roles that seem ripe to be augmented and one day potentially replaced by AI.

"When you look at the largest teams from a numbers-of-people perspective, you do have disproportionate head count in like more producing type functions, whether it's customer support, sales, or content production, or analytics, where you're producing reports and dashboards and these sorts of things," he said. "And I think those sorts of functions lend themselves well to first augmentation by AI, and eventually, I think at least partial replacement by AI."

Macdonald, who is also Uber's chief operating officer, said the reason he's cautious about saying Uber will reduce its head count is that early AI workforce predictions haven't come to pass.

"The reason I won't emphatically state that is because I think that's sort of been proven wrong the last few years as AI has rolled out and employment in companies continues to grow," he said.

As for its last five years, Uber's head count overall has increased 54.4%, according to filings with the Securities and Exchange Commission. In July, Uber said it was laying off about 10% of its community operations team, which a company spokesperson previously told Business Insider was done to "simplify operations, strengthen in-person collaboration, and continue to embrace AI."

The ride-hailing company has about 36,600 global employees, according to its most recent filing.

A return to ROIMuch of the discussion returns to the question of return on investment. In May, Macdonald's comments about Uber not seeing enough return on investment for its AI spending went viral and were dissected across Silicon Valley and Wall Street.

Macdonald said that people didn't understand the nuance of what he was saying.

"I think AI skeptics were sort of like, 'See the Uber COO is saying there's no return on AI', which is obviously not what I was saying," he said. "On the other side, there was sort of this, if you were a fundamentalist AI evangelist, you were saying, this guy has no idea what he's talking about."

Uber is seeing ROI, Macdonald said. He listed a handful of examples, including reducing the time it takes to make financial forecasts and the turnaround time for marketing quality assurance. What remains difficult, he said, is quantifying it all.

"The natural question is, 'OK, great, how many of those people can I take out of my organization, so that I get the cost back and that flow through to the bottom line, or I can put it into other things?" he said. "But formulaically doing that is really hard."

Measuring is difficult, Macdonald said, because when AI reduces the time required for a task, another task takes its place.

"Drawing the direct line between 'I transformed this process and therefore I need two less operations analysts' is really tough to do," he said.

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Brent D. Griffiths You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Brent Griffiths is a senior reporter at Business Insider who covers AI and tech.Previously, he worked at the Washington Post as a researcher on Power Up and the Finance 202. He started his career at Politico where he worked on the web production team and covered breaking news. His passion for covering politics has only grown since he cut his teeth covering the presidential campaign as a student journalist. He's also contributed to the Almanac of American Politics.

Uber AI

Uber COO Andrew Macdonald said large companies with new ideas move more slowly than startups as employees get "fat" on the resources. Zed Jameson/Bloomberg via Getty Image At the top, it's hard to know where else to go.

In an interview on Harry Stebbings' 20VC podcast published on Monday, Andrew Macdonald, Uber's chief operating officer and president, said that finding new businesses can be challenging when the company's core business is already so large.

Call it the "classic innovator's dilemma," he said.

"The thing you've already built is so big that it just swallows up your organizational capacity to do anything else," Macdonald said. "And even if you're able to stand up other businesses, it's impossible for those businesses to get the resourcing, attention, distribution, marketing dollars, engineering capacity — whatever it is, it just gets swallowed up by the hole."

Macdonald said Uber is close to $250 billion in gross bookings on an annualized basis. At that scale, he said, a new product would need a plausible path to becoming a multibillion-dollar business before it's compelling enough for the company.

"It just actually constrains your thinking a little bit," Macdonald said.

Uber is operating at a formidable scale. The company reported $58 billion in gross bookings in its most recent quarter and $14.2 billion in revenue. Uber said the platform averaged 208 million monthly active platform consumers.

The company is still making big bets.

Autonomous vehicles, Macdonald said, are now Uber's "largest single area of investment." The company has partnered with a slew of robotaxi platforms, including Alphabet's Waymo, and launched Uber Autonomous Solutions earlier this year — a suite of services aimed at helping AV companies commercialize their tech. The Financial Times estimated in an April report that the company has committed more than $10 billion to investments in AV companies and spending on robotaxi fleets.

On Monday, Uber also unveiled a partnership with drone-delivery startup Zipline to allow Uber Eats customers to receive drone deliveries starting later this year. The companies said they were targeting one million daily drone deliveries by the end of 2029.

The partnership includes a "strategic investment" in Zipline by Uber.

Macdonald said on the podcast that the company tries to incubate fledgling ideas through a program called "Growth Bets," in which Uber dedicates employees to new projects rather than having people manage existing businesses simultaneously.

Even then, Macdonald said big companies throwing a ton of money at new projects often move more slowly than startups, as people get "fat on the resources."

The upside for Uber, he said, is that if a new idea works, the company can put it in front of more than 200 million people.

Not a bad head start.

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Uber

Uber is investing in, and partnering with, drone delivery company Zipline with the goal of making one million deliveries per day using the startup’s drones by the end of 2029.

Zipline drones will make the first deliveries on the Uber Eats platform by the end of this year, the companies said on Monday. These deliveries will start in Zipline’s existing markets, and the companies want to expand into “dozens of U.S. cities.”

The companies didn’t disclose the investment amount.

Uber has been taking on multiple drone delivery partners as it looks for ways to keep growing Uber Eats. The ride-hail giant is replicating the early business model it’s adopted for robotaxis and other services built around autonomous vehicles, which is to essentially bring as many companies on to its platform as possible.

This approach has helped Uber stay at the forefront of these new technologies despite selling off its own programs like the aerial ride-sharing service, Uber Elevate, and Uber Autonomous Technologies Group, which was working on autonomous vehicles. Investments have been a huge part of the strategy, with Uber committing more than $10 billion to dozens of autonomous vehicle providers.

The strategy is not a panacea, though. Uber recently clashed with one of its highest-profile partners so far, Waymo, and the companies are now expected to walk away from each other when their contracts expire in 2028. Uber and Waymo are also on different sides of a growing fight over autonomous vehicle regulation.

The ride-hail giant had tested the waters of drone delivery when it still had its Elevate division. The company dipped back into the idea late last year when it announced a partnership with Israeli startup Flytrex, which also came with a minor investment.

Uber thinks Zipline’s drones can fulfill orders on Uber Eats within five to ten minutes. “Truly quick commerce is proving to be an even bigger market than the original food market was,” Uber CEO Dara Khosrowshahi told the Wall Street Journal in an interview. “We think this can be an enormous tailwind for the next leg of growth for Eats.”

Zipline, based in San Francisco, recently closed an extended Series H funding round of $800 million, pushing its valuation to $7.6 billion.

“Every great transportation revolution has changed where people live, how businesses operate, and how economies grow,” Zipline co-founder Keller Cliffton said in a statement. “Together with Uber, we’re taking the next step toward building a world where getting what you need is as fast and effortless as sending a text, no matter where you are.”

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Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.

You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.