Instacart might sell itself to a larger competitor, according to multiple news reports
The Information reported Friday that the grocery delivery company has hired an investment bank to help it evaluate its options, and that it’s held acquisition talks with DoorDash. And Bloomberg reported that the company has also talked to Uber — although Uber reportedly walked away from those discussions.
Instacart currently has a market cap of more than $13 billion, and its stock price is up 25% for the year to date. The company could see this as a good time to sell at a desirable price, before the grocery delivery market gets more competitive — but Bloomberg noted that these are early discussions that might not result in a sale.
TechCrunch has reached out to Instacart for comment. The reports of a potential sale caused the company’s share price to spike more than 9.2% on Friday, while Uber and DoorDash stock declined.
Driving for Uber while carrying your own health insurance feels like playing by the rules, but Medicare draws a line most gig workers never see coming, and crossing it quietly locks in a surcharge that compounds every year you stay…
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Take a man who just turned 65 and drives for Uber (NYSE:UBER | UBER Price Prediction) most weekdays. He pays hundreds of dollars a month for a health plan he bought himself. He figures a working man with insurance can put off Part B, the way his old coworkers did when they stayed on their company plans. To him, that logic feels solid. While the scenario is hypothetical, Medicare reads his situation differently, and that difference can cost him money every month for the rest of his life.
If you hold a payroll job with a group health plan, or your spouse does, you stand on stronger ground. If your coverage comes from a policy you bought on the Marketplace or directly from an insurer, this rule hits you.
Group Coverage From a Current Job Is the Real Medicare Test
Medicare cares about where your coverage comes from. The job-based Part B Special Enrollment Period requires qualifying employer group coverage tied to your current work or your spouse’s. A paycheck alone does not qualify, and neither does an insurance card alone.
His individual policy remains an individual policy no matter how many fares pay the premium. His deadline is the end of his Initial Enrollment Period, the seven-month window that generally starts three months before his birthday month and ends three months after it. Since he just turned 65, he still has time to enroll without a penalty. If he lets that window close, his individual coverage won’t protect him from a late-enrollment surcharge.
Penalty Builds in 12-Month Blocks
That same Medicare.gov page lays out the math. Without a Special Enrollment Period, he owes an extra 10% for each full 12-month period he could have signed up for Part B and didn’t. That surcharge sits on top of the standard Part B premium, which is $202.90 a month in 2026.
The percentage applies to a premium that resets every January, so the dollar cost of the penalty rises whenever the base premium rises. According to the Centers for Medicare & Medicaid Services (CMS), the standard premium rose $17.90 from $185.00 in 2025. A penalty tied to that base grows with it.
Medicare usually charges the penalty for as long as he has Part B. For most people, that means for life. Each extra full year he drives without enrolling adds another block. One fact could change the outcome. If he is covered through his spouse’s group plan at her current job, the Special Enrollment Period may protect him.
COBRA and Retiree Plans Trip Up Insured People Too
He has plenty of company. COBRA lets eligible workers keep their job-based coverage for a time after leaving. But for people 65 or older, Medicare generally pays before COBRA or retiree coverage. Those plans may calculate their share as though Medicare had already paid, leaving someone without Part B to cover the difference. Missing the enrollment deadline can add a lasting penalty to that immediate gap.
Neither COBRA nor retiree coverage extends the job-based enrollment deadline. Someone who qualified to delay Part B generally has eight months to enroll after the job or its group coverage ends, whichever happens first. Choosing COBRA doesn’t restart that clock. If employment or coverage ends during the Initial Enrollment Period, that initial window generally remains the deadline. Having insurance and being safe to delay Medicare are two separate tests.
Medicare’s sticker price is only the opening bid, and a Part B late-enrollment penalty can silently follow retirees for life. We listed other costs, including IRMAA and the coverage gaps that trap new enrollees, in a free guide to Medicare’s hidden bills.
Ask One Question Before Turning Down Part B
Before you decline Part B, ask this. Is my insurance an employer group plan tied to my current work or my spouse’s? Anything short of a clear yes points toward enrolling.
Get the answer in writing. Ask the benefits office to confirm the coverage dates and whether the plan pays first after 65. With employers of fewer than 20 employees, Medicare generally pays first, so delaying Part B can leave bills unpaid even if you qualify for a Special Enrollment Period. Keep proof of employment and coverage. Medicare’s Request for Employment Information form is commonly used when enrolling later.
If you already missed your window, ask Social Security whether you qualify for a Special Enrollment Period. Otherwise, the General Enrollment Period runs January 1 through March 31, with coverage starting the following month. Fall open enrollment doesn’t reopen your Part B signup window.
Remember the Medigap link. Your six-month Medigap open enrollment window starts the first month you’re 65 or older and have Part B. During that window, insurers can’t deny you a policy they sell to someone in your situation or charge more because of your health. Delaying Part B delays that window; it doesn’t use it up. Some states offer additional protections.
Clock Keeps Running Behind the Wheel
A gig worker can have health insurance and steady work and still miss Medicare’s deadline. This driver has time to avoid the penalty altogether because he just turned 65. Enrolling before his initial window closes keeps that mistake off his future bills. His fares may pay the insurance premium, but they don’t buy him more time to sign up for Part B.
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Business Insider wants to hear from moms who work for Uber and Lyft. : Jeffrey Greenberg/Universal Images Group via Getty Images Uber and Lyft often talk about the flexibility of working as a driver on their apps.
That aspect of the gig has attracted moms, among other people who often want to earn money outside a 9-to-5 schedule. The job can be appealing to mothers who need to juggle school drop-offs, childcare, and other obligations of parenting.
Others, including single moms, say they feel stuck in ride-hailing work and end up having to drive for Uber or Lyft at set times anyway, depending on when the most passengers need rides.
With costs like childcare and college rising, Uber and Lyft offer some moms a way to make extra money — if they can earn enough on the apps and keep costs like gas and car maintenance under control.
Business Insider wants to speak with moms who drive for Uber, Lyft, or other ride-hailing apps. We want to hear about how you combine the gig with taking care of your kids, including both what's working and what isn't. Please fill out the survey below.
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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.
Uber ride-hailing Lyft More Careers Employment Family
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Uber is giving all of its corporate employees access to OpenAI's enterprise tool Bloomberg/Getty Images Uber is giving all of its corporate employees access to OpenAI's enterprise tool weeks after laying off thousands.
About 30,000 employees at the ride-hailing service's offices will have access to ChatGPT Work, the two companies said on Thursday.
The tool will connect with other programs that Uber employees use, such as Slack and Gmail, to "research information, prepare meeting briefs, create presentations, analyze data and complete workflows across applications," a statement said.
"As AI transforms how we work, we want to give everyone the tools to innovate, solve problems and help shape Uber's future," Uber CTO Praveen Neppalli Naga said. Uber initially tested the tool among a group of 1,000 employees.
The rollout comes the month after Uber laid off about 10% of its corporate workforce, or about 3,300 people. The company made the job cuts to reduce management layers and reduce the number of small teams, CEO Dara Khosrowshahi said at the time. It didn't cite AI in its announcement.
Some laid-off employees told Business Insider that AI was doing significant parts of their jobs, from answering their questions in Slack to crafting replies to messages from riders and drivers.
Uber cited AI as a reason for an earlier round of layoffs in July, which targeted Uber's customer service employees.
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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.
Uber ride-hailing Layoffs More AI Artificial Intelligence
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].
Key Takeaways Uber's $2.3B ezCater acquisition aims to expand Uber Eats into workplace catering & large-order delivery.Uber is expanding its robotaxi footprint through partnerships with Wayve, WeRide & Zoox in key markets.Uber's valuation and expansion efforts aid its outlook, but debt & weak stock performance weigh.
Although Uber Technologies’ (UBER - Free Report) core business is ride-hailing, it has steadily expanded into areas like food delivery and freight. Diversification is crucial for large companies to manage risk, and Uber has been particularly effective in doing so through acquisitions, geographic expansion, new product offerings and innovation.
Uber’s efforts to grow internationally are noteworthy, as they provide the added advantage of geographic diversification. Through strategic investments, Uber continues to broaden services and strengthen its platform. Given this expansion-oriented backdrop, the question that naturally arises is whether investors should buy UBER stock at current prices. Let us dig deeper to find out.
A Sneak Peek Into Uber’s Recent Expansion MovesEarlier this month, Uber agreed to acquire ezCater, a major U.S. catering and workplace-meals platform, in an all-cash transaction valued at $2.3 billion. These acquisition is aimed at expanding Uber Eats into the large-order catering market while strengthening Uber for Business. The transaction is expected to close in the coming months, subject to regulatory approvals and customary closing conditions.
The combination will bring together ezCater’s catering and business-to-business expertise, Uber Eats’ broad consumer and restaurant network, and Uber for Business’s corporate relationships. The expanded platform is expected to provide restaurants with access to more high-value orders and new customers, while making it easier for businesses and consumers to arrange meals for workplaces, meetings, events and other group occasions.
The transaction may also create additional earning opportunities for Uber Eats couriers by increasing the volume of larger catering deliveries. Uber expects the business to be margin accretive. The acquisition could meaningfully strengthen Uber’s competitive position against DoorDash (DASH - Free Report) in the U.S. food-delivery market by giving it a stronger foothold in workplace catering and large group orders, a segment the latter is also actively targeting. DASH for Business launched expanded workplace catering offerings in April 2026, including tray-style catering and team-meal solutions, after large team orders grew 30% faster than regular orders.
DoorDash and Uber Eats are the two largest food and grocery delivery platforms. Earlier this month, Uberannounced 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.
Uber's Partnership-Driven AV Expansion Looks GoodUber is seeking to establish a strong position in the robotaxi market through strategic collaborations. This partnership-led approach allows the company to avoid the substantial research and development expenses involved in building autonomous-driving technology in-house. Uber divested its self-driving division in 2020. The company remains committed to strengthening its position as a leading ride-hailing super app.
Consistent with this strategy, Uber has recently secured several partnerships to expand its autonomous mobility footprint. Last month, Uber and British AI company Wayve launched supervised autonomous rides in London, marking the first availability of such services in the United Kingdom. Moreover, Uber, WeRide (WRD - Free Report) and AVOMO secured Spain's first national permit for Level 4 autonomous passenger vehicles. The Madrid rollout will start with 20 WeRide-equipped vehicles, with commercial service targeted by the end of 2026. The approval represents WeRide’s ninth autonomous-driving permit globally and strengthens Madrid’s role as a gateway for its broader European expansion. Madrid is one of Europe’s largest urban mobility markets.
Earlier this year, Uber also formed a strategic alliance with Amazon (AMZN - Free Report) subsidiary Zoox to introduce the purpose-built robotaxis on its platform. Unlike many autonomous vehicles being developed by modifying conventional passenger cars, Zoox's robotaxis are designed specifically for ride-hailing operations, with an emphasis on passenger comfort and social interaction. Uber and Zoox expect to make these autonomous rides available in Los Angeles next year.
Uber's established leadership in the ride-hailing market provides an additional competitive advantage in autonomous mobility. Its extensive customer and driver network positions the company to rapidly scale robotaxi services as autonomous-driving technology advances. Moreover, Uber's platform is designed to accommodate autonomous vehicles from multiple partners, offering riders greater flexibility and a wider range of transportation choices.
Uber’s Key MetricsDespite Uber’s recent expansion-oriented moves, shares have declined in high single digits (% -wise) over the past six months, underperforming the Zacks Internet-Services industry over the same time frame.
6-Month Price ComparisonImage Source: Zacks Investment Research
From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.12X. 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
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 $138.12 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.
In the latest trading session, Uber Technologies (UBER - Free Report) closed at $68.94, marking a -1.46% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.28%. On the other hand, the Dow registered a gain of 1.02%, and the technology-centric Nasdaq decreased by 0.02%.
Shares of the ride-hailing company have depreciated by 1.24% over the course of the past month, outperforming the Computer and Technology sector's loss of 2.28%, and lagging the S&P 500's gain of 0.67%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. The company is scheduled to release its earnings on November 4, 2026. On that day, Uber Technologies is projected to report earnings of $0.94 per share, which would represent a year-over-year decline of 69.77%. Alongside, our most recent consensus estimate is anticipating revenue of $14.74 billion, indicating a 9.43% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.2 per share and revenue of $57.91 billion. These totals would mark changes of -39.62% and +11.32%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Uber Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.54% lower. Right now, Uber Technologies possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Uber Technologies is presently being traded at a Forward P/E ratio of 21.89. This expresses a premium compared to the average Forward P/E of 14.91 of its industry.
We can additionally observe that UBER currently boasts a PEG ratio of 5.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Internet - Services industry had an average PEG ratio of 1.61.
The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 72, finds itself in the top 30% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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.
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Getting a seat at the leadership table is a challenge in itself — but speaking up confidently once you get there is a different beast.
Aman Bhutani, CEO of the domain registrar and web-hosting company GoDaddy, said he received advice on navigating those moments from Uber's current CEO Dara Khosrowshahi, who at the time led Expedia and served as president of the brand. Bhutani was then the company's head of technology, and reported to Khosrowshahi.
Khosrowshahi gave him a chance to discuss advertising in a senior-level meeting they were both attending. While Bhutani was initially excited about the opportunity, he said that eagerness didn't come through.
"Sitting in this room of leaders, where there were people that had way more experience and expertise than I did, I didn't speak up," Bhutani told Business Insider.
Bhutani said he regularly spoke up in meetings about product, engineering, and other areas where he felt confident about. However, while advertising was a core interest, he hesitated to weigh in. After several meetings, Khosrowshahi pulled Bhutani aside and gave him feedback that the GoDaddy CEO said changed his career.
Khosrowshahi asked why Bhutani didn't share his perspective on functional marketing, since the topic was so critical for the business. Bhutani explained he didn't have "any actual experience" in marketing. Khosrowshahi's response, Bhutani said, was simple.
"'And if you don't talk about it, you never will,'" Bhutani said, recounting Khosrowshahi's reply. "'If you don't talk and make mistakes and say the wrong things and get beat up by the CMO, how are you going to learn?"
Khosrowshahi reminded Bhutani that Bhutani wasn't afraid to be wrong on the product-tech side. He told Bhutani that he should approach marketing the same way, even if he didn't have the same background.
That advice has since taken Bhutani far, he said. Bhutani later took over presidency of the Expedia brand from Khosrowshahi in July 2015, with marketing and advertising teams reporting to him.
Bhutani said that in his last job and current position as CEO of GoDaddy, he's had the chance to learn about every part of the business. That means he can speak with accountants, marketers, and auditors in their language. He said he has grown to enjoy learning about new functions, and seeks out people and situations where he's pushed to do that.
"I enjoy the stress and the discomfort of being in an uncomfortable space," said Bhutani, who has been GoDaddy's CEO for seven years now. "I enjoy the idea that I'm learning something new. It keeps me young. It keeps me happy. It keeps me engaged."
Bhutani learned that it's important to share his perspective, but said there's often a fine line between adding value and speaking just to prove you belong in the room.
Bhutani said another piece of feedback that stuck with him from his last job — positive this time — was from a board member who told him he has a good "tongue-to-ear ratio" and "brain-to-mouth ratio." In other words, he knows when to listen and think, rather than speak just to fill silence.
"I think if we all listened a bit more and thought a bit more, we would all do a bit better," Bhutani said.
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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Uber Technologies (UBER - Free Report) , which belongs to the Zacks Internet - Services industry, could be a great candidate to consider.
This ride-hailing company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 21.91%.
For the most recent quarter, Uber was expected to post earnings of $0.83 per share, but it reported $1.17 per share instead, representing a surprise of 40.96%. For the previous quarter, the consensus estimate was $0.7 per share, while it actually produced $0.72 per share, a surprise of 2.86%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Uber lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Uber currently has an Earnings ESP of +7.78%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on November 4, 2026.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Uber Technologies (UBER - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this ride-hailing company have returned -0.2% over the past month versus the Zacks S&P 500 composite's +1.5% change. The Zacks Internet - Services industry, to which Uber belongs, has lost 0.2% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Uber is expected to post earnings of $0.94 per share for the current quarter, representing a year-over-year change of -69.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.1%.
For the current fiscal year, the consensus earnings estimate of $3.2 points to a change of -39.6% from the prior year. Over the last 30 days, this estimate has changed -0.5%.
For the next fiscal year, the consensus earnings estimate of $4.56 indicates a change of +42.6% from what Uber is expected to report a year ago. Over the past month, the estimate has changed -0.7%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Uber.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Uber, the consensus sales estimate for the current quarter of $14.74 billion indicates a year-over-year change of +9.4%. For the current and next fiscal years, $57.91 billion and $66.86 billion estimates indicate +11.3% and +15.5% changes, respectively.
Last Reported Results and Surprise HistoryUber reported revenues of $14.19 billion in the last reported quarter, representing a year-over-year change of +12.2%. EPS of $1.17 for the same period compares with $0.63 a year ago.
Compared to the Zacks Consensus Estimate of $14.21 billion, the reported revenues represent a surprise of -0.13%. The EPS surprise was +40.96%.
Over the last four quarters, Uber surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Uber is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Uber. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Banque Pictet & Cie SA lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 33.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 663,775 shares of the ride-sharing company’s stock after purchasing an additional 166,923 shares during the quarter. Banque Pictet & Cie SA’s holdings in Uber Technologies were worth $45,475,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Investment Fund purchased a new position in Uber Technologies in the 2nd quarter worth approximately $5,256,173,439. Legal & General Group Plc bought a new position in Uber Technologies in the 2nd quarter valued at approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Uber Technologies during the 2nd quarter valued at $752,151,000. Baird Financial Group Inc. boosted its stake in Uber Technologies by 64.4% during the 2nd quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company’s stock valued at $656,609,000 after purchasing an additional 3,564,073 shares during the last quarter. Finally, Fundsmith LLP purchased a new stake in Uber Technologies during the 2nd quarter valued at $645,338,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Stock Down 1.3% UBER opened at $70.36 on Friday. The stock has a market cap of $143.71 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 6.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s fifty day moving average is $73.10 and its 200 day moving average is $72.90. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $100.35.
Uber Technologies (NYSE:UBER – Get Free Report) last released its earnings results 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. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 3.20 earnings per share for the current fiscal year. More Uber Technologies News Here are the key news stories impacting Uber Technologies this week:
Positive Sentiment: Guggenheim reaffirmed its “buy” rating and set a $125 price target, implying significant upside from current levels. Wall Street analysts also see a potential recovery to new all-time highs in 2027, supporting the long-term bull case. Guggenheim rating and price target Uber 2027 outlook Positive Sentiment: Uber’s revenue growth and scale compare favorably with Coupang, with the company showing a steadier upward sales trajectory across recent comparable periods. Uber and Coupang revenue comparison Positive Sentiment: Uber began a self-driving robotaxi trial in Manchester, potentially strengthening its future positioning in autonomous transportation and mobility partnerships. Uber Manchester robotaxi trial Neutral Sentiment: Erste Group Bank issued a fiscal 2027 earnings estimate for Uber, indicating continued analyst attention but providing limited immediate insight into near-term earnings momentum. Erste Group 2027 earnings estimate Negative Sentiment: Emerald Wealth Partners exited Uber from its Q3 growth strategy. The move may weigh on sentiment by signaling that at least one investment manager sees a more attractive risk-reward profile elsewhere. Emerald Wealth Partners exit Negative Sentiment: Lyft is launching Alcove, a business-travel and chauffeur brand, intensifying competition in an important corporate transportation segment. Lyft Alcove business travel brand Negative Sentiment: Uber settled a sexual-assault lawsuit before trial, removing immediate litigation risk but renewing scrutiny of the company’s safety record and reputation. Uber sexual-assault lawsuit settlement Negative Sentiment: Recent coverage highlights investor concerns about robotaxi disruption, weak guidance and other longer-term risks, helping explain the stock’s recent weakness despite optimistic analyst targets. Uber outlook and robotaxi concerns Wall Street Analysts Forecast Growth UBER has been the topic of a number of research analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Uber Technologies in a report on Wednesday, October 7th. Citizens Jmp reiterated a “market outperform” rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Wednesday, October 7th. Susquehanna reduced their price objective on Uber Technologies from $110.00 to $90.00 and set a “positive” rating for the company in a report on Thursday, August 6th. The Goldman Sachs Group set a $100.00 target price on Uber Technologies in a research report on Monday, June 29th. Finally, Wedbush restated an “outperform” rating and set a $91.00 target price on shares of Uber Technologies in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.11.
Get Our Latest Analysis on UBER
Insiders Place Their Bets In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $71.31, for a total value of $2,008,802.70. Following the sale, the insider owned 149,525 shares in the company, valued at $10,662,627.75. This trade represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew Macdonald acquired 70,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the acquisition, the insider directly owned 426,320 shares in the company, valued at $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is owned by insiders.
(Free Report)
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
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Advance Auto Parts serves a dual market of professional installers and hobbyists while undergoing a strategic recovery phase. Uber Technologies continues to scale its global platform for mobility and delivery with robust profitability and cash flow.
Wall Street appears to have been slowly gaining confidence that Uber (NYSE: UBER) stock recovery – started October 1 – will continue in the next 12 months and take the company to new all-time highs (ATH) in 2027.
Uber stock price YTD chart with October performance highlighted. Source: Google
To begin with, Bernstein’s Nikhil Devnani confirmed on Friday that UBER shares remain a ‘Buy’ and that they are likely to rally 33.54% from their press time price of $71.14 to $95 in the coming 52 weeks.
On the same day, October 16, Guggenheim analyst Taylor Manley proved even more optimistic with the same recommendation, but a 75.71% forecasted rally to $125, largely thanks to a mix of strong fundamentals, a comparatively low valuation, and the expanding ‘robotaxi’ program.
Notably, only Bernstein and Wells Fargo’s (NYSE: WFC) Ken Gawrelski issued price targets lower than $100 in October, with the former forecasting a rise to $95 and the latter to $92.
Meanwhile, Eric Sheridan, a Goldman Sachs (NYSE: GS) analyst, predicted Uber stock would rally as much as 54.62% to $110 within the next 12 months.
Additionally, experts from Scotiabank, Bank of America (NYSE: BAC), BTIG, and Rosenblatt all estimated that Uber shares will record a new ATH in the next 52 weeks, and climb either to or above $100.
Wall Street sets Uber stock price target for next 12 months
Elsewhere, the October revisions came in largely in line with the three-week average, despite arriving only after the equity began its recovery. Overall, UBER stock is considered a ‘Strong Buy’ with twenty-seven positive, three ‘Hold’, and no sell recommendations provided in the last three months.
The average price target for the next 12 months is likewise bullish and forecasts the equity will rise 44.42% to $102.80, per the data Finbold retrieved from TipRanks on October 16.
Wall Street sets Uber stock price target for the next 12 months. Source: TipRanks
Lastly, Uber’s recent recovery can, at least in part, be attributed to the company’s moves to expand both its autonomous taxi service and delivery business.
Indeed, the firm has an expansive deal with Lucid Motors (NASDAQ: LCID) to deploy 100,000 self-driving vehicles by 2035, began trials for such a cab service in Manchester, U.K., in mid-October, and is taking over Delivery Hero in a move that could expand its presence to roughly 50 new countries.
Still, Uber is facing some pushback to its plans, with the London rollout, for example, facing local opposition. The company has also seen some high-profile departures, with Sarfraz Maredia, head of autonomous mobility and delivery, set to leave the firm in November.
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.
Uber Technologies (UBER - Free Report) closed at $69.25 in the latest trading session, marking a -2.9% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 1.88%.
Heading into today, shares of the ride-hailing company had lost 0.15% over the past month, lagging the Computer and Technology sector's gain of 3.49% and the S&P 500's gain of 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of Uber Technologies in its upcoming earnings disclosure. The company's earnings report is set to go public on November 4, 2026. The company is expected to report EPS of $0.94, down 69.77% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $14.74 billion, up 9.43% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.2 per share and a revenue of $57.91 billion, representing changes of -39.62% and +11.32%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Uber Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 past month, the Zacks Consensus EPS estimate has moved 3.87% lower. Uber Technologies is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Uber Technologies is currently being traded at a Forward P/E ratio of 22.27. This valuation marks a premium compared to its industry average Forward P/E of 14.9.
We can additionally observe that UBER currently boasts a PEG ratio of 6.09. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Services industry had an average PEG ratio of 1.78.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Uber driver pay per active hour varied between major US cities, a new study found. Myung J. Chun / Los Angeles Times via Getty Images How much you make as an Uber driver might depend on where you are.
Pay rates working for the ride-hailing app vary widely between different US cities, according to a data analysis by Len Sherman, an executive in residence and adjunct professor at Columbia Business School.
In Orlando, for example, Uber offered drivers a median of 72 cents a mile, or $19.30 per hour spent on a ride, Sherman's analysis showed. Those figures do not include any driving costs, such as gas. On the other end of the spectrum, Uber offered drivers in Los Angeles a median pay of $2.15 per mile, or $46 per hour.
Sherman estimated pay per mile and per hour while on an active ride. In most cases, the driver won't be paid for the time they spend waiting for their next ride. For example, A rate of $40 per active hour could mean a driver gets paid $10 for a 15-minute trip, with no pay for time spent waiting.
Accounting for driving costs as well as the number and distance of average ride-hailing trips, drivers in six of the 16 cities made less than the federal minimum wage of $7.25 an hour, Sherman estimated.
Uber has previously said that its drivers earn more than $30 per hour, which they spend while on their way to pick up a passenger or while driving them. Sherman's data shows a more complicated picture: Drivers may earn significantly more or less than that depending on which city they're working in.
GigU, a third-party app that helps drivers evaluate potential trips, collected the data, which included about 1.8 million trip offers between March 2025 and March 2026. The data includes both jobs drivers accepted and offers they declined, which are often lower-paying.
An Uber spokesperson said that the analysis "is riddled with flaws." Sherman's calculations likely overrepresented lower-paying offers that drivers rejected and excluded tips, promotional payments, and minimum wage adjustment payments that drivers receive in states like California and Massachusetts.
Uber also said it disagreed with Sherman's calculations, including the average trip length and trips-per-hour figure that he used in the analysis. The spokesperson declined to provide Uber's own estimates of those figures or what Uber pays its drivers, but said that Uber's pay per engaged hour is "on average more than 25% higher" than Sherman's figures.
Sherman told Business Insider that he stands by his calculations, adding that they show "a far more realistic picture" of what drivers can earn working for Uber than the company has provided so far.
While many drivers are selective about which trips they take, the data gives a sense of regional disparities, Sherman told Business Insider. Many of the cities where Uber offers the highest pay rates, such as Boston and Los Angeles, have local minimum pay laws, he said.
Meanwhile, in some tourist hotspots, such as Las Vegas and Orlando, pay was lower, likely because of many drivers competing for trips, Sherman said.
"This is what they're trying to get drivers to accept," he said.
Sherman has also studied other aspects of Uber's business. The company has increased its share of each fare in recent years, which has helped it turn a profit, Sherman has argued.
Here are Sherman's findings, including both gross pay rates and estimated pay after major expenses:
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.
Uber pay rates in some cities fell below minimum wage, Sherman found
Sherman estimated drivers' cash expenses. Len Sherman Sherman estimated what Uber drivers in each of the 16 cities made after expenses like gas and car maintenance, he told Business Insider. The figures don't take into account vehicle depreciation, he said.
His calculations included estimates of how many trips drivers take on average and the typical trip distance. He used the pay-per-mile figures to calculate how much drivers get to keep.
After expenses, the city with the highest hourly pay rate on Uber was Boston, where drivers could earn $21.87 per active hour. Massachusetts law requires ride-hailing services to pay drivers at least $34.48 an hour.
Orlando had the lowest pay rate at $3.18 an hour, Sherman found.
Here are the pay rates for each city before expenses:
Len Sherman
Len Sherman
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Len Sherman
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Len Sherman 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.
Perpetual Ltd lowered its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 52.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 343,500 shares of the ride-sharing company’s stock after selling 382,358 shares during the quarter. Perpetual Ltd’s holdings in Uber Technologies were worth $23,533,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Public Investment Fund purchased a new position in shares of Uber Technologies during the 2nd quarter worth about $5,256,173,439. Legal & General Group Plc acquired a new stake in shares of Uber Technologies in the second quarter worth approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Uber Technologies in the second quarter valued at approximately $752,151,000. Fundsmith LLP purchased a new stake in Uber Technologies in the second quarter valued at approximately $645,338,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Uber Technologies in the second quarter valued at approximately $426,727,000. Institutional investors and hedge funds own 80.24% of the company’s stock.
Key Stories Impacting Uber Technologies Here are the key news stories impacting Uber Technologies this week:
Positive Sentiment: Analysts remain constructive on Uber Technologies. The stock has an average analyst price target of $103.11, implying substantial upside from recent levels. Cantor Fitzgerald also reaffirmed its “Overweight” rating and set a $90 price target. Uber average price target Cantor Fitzgerald rating Positive Sentiment: Uber is expanding Uber Eats beyond restaurants. A nationwide partnership with premium kitchenware retailer Sur La Table will offer delivery in as little as 25 minutes, potentially increasing retail order volume and strengthening Uber Eats’ position in rapidly growing local commerce. Sur La Table joins Uber Eats Positive Sentiment: The company is also pursuing faster delivery growth through its planned $2.3 billion all-cash acquisition of ezCater, a U.S. corporate-catering platform. The deal could broaden Uber’s delivery ecosystem and diversify revenue, although investors are evaluating whether the expansion can generate sufficient cash flow. Uber ezCater acquisition Neutral Sentiment: Investors are looking ahead to Uber’s November 4 earnings report. Analysts expect strong third-quarter earnings growth, but the company will need to demonstrate continued profitability and cash-flow generation to justify its delivery investments. Uber third-quarter earnings outlook Negative Sentiment: Uber faces a proposed class-action lawsuit alleging that some users were enrolled in recurring Uber One subscriptions without clear consent and faced difficult cancellation procedures. Potential legal costs, refunds or reputational damage could weigh on the company if the claims advance. Uber One lawsuit Negative Sentiment: Uber reportedly exited four African markets after competitors undercut fares, highlighting the difficulty of maintaining profitability in price-sensitive international markets and potentially limiting long-term growth in those regions. Uber exits African markets Uber Technologies Stock Performance NYSE UBER opened at $71.49 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $100.35. The firm has a market capitalization of $146.01 billion, a P/E ratio of 15.71, a P/E/G ratio of 5.82 and a beta of 1.27. The business’s 50-day simple moving average is $73.17 and its 200-day simple moving average is $72.92. Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The firm 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%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts predict that Uber Technologies, Inc. will post 3.35 EPS for the current year.
Insider Buying and Selling at Uber Technologies In other Uber Technologies news, CEO Dara Khosrowshahi acquired 141,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was bought at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the purchase, the chief executive officer directly owned 1,367,100 shares in the company, valued at $97,009,416. This represents a 11.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew Macdonald acquired 70,000 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was acquired at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the transaction, the insider directly owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades A number of equities analysts have weighed in on UBER shares. Susquehanna cut their price target on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating on the stock in a research note on Thursday, August 6th. Barclays decreased their price target on shares of Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. DA Davidson lowered their price objective on shares of Uber Technologies from $107.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th. Finally, BMO Capital Markets set a $119.00 price objective on Uber Technologies in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.11.
Check Out Our Latest Research Report on UBER
Uber Technologies Profile (Free Report)
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
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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.
Galvin Gaustad & Stein LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 31.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,575 shares of the ride-sharing company’s stock after selling 75,895 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Uber Technologies were worth $11,344,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of UBER. Public Investment Fund acquired a new position in Uber Technologies during the second quarter worth $5,256,173,439. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Uber Technologies by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,078,612 shares of the ride-sharing company’s stock valued at $1,068,653,000 after acquiring an additional 258,448 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Uber Technologies during the 2nd quarter valued at about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Uber Technologies in the 2nd quarter valued at approximately $752,151,000. Finally, Baird Financial Group Inc. raised its stake in shares of Uber Technologies by 64.4% in the 2nd quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company’s stock valued at $656,609,000 after acquiring an additional 3,564,073 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.
Analyst Upgrades and Downgrades UBER has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Monday, July 20th. Tigress Financial upped their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Weiss Ratings lowered shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 21st. Cantor Fitzgerald dropped their target price on shares of Uber Technologies from $98.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Finally, Scotiabank started coverage on shares of Uber Technologies in a research report on Wednesday, September 9th. They set a “sector outperform” rating and a $100.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $103.11.
Check Out Our Latest Report on Uber Technologies Uber Technologies Trading Up 2.6% Shares of UBER stock opened at $70.25 on Friday. The firm has a market capitalization of $143.48 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 5.57 and a beta of 1.27. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $100.35. The firm’s fifty day simple moving average is $73.15 and its 200 day simple moving average is $72.95. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.
Uber Technologies (NYSE:UBER – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The firm 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%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period 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, sell-side analysts predict that Uber Technologies, Inc. will post 3.35 EPS for the current year.
Insider Activity at Uber Technologies In other Uber Technologies news, insider Andrew Macdonald purchased 70,000 shares of the stock in a transaction on Friday, September 4th. The shares were purchased at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the acquisition, the insider directly owned 426,320 shares of the company’s stock, valued at $32,327,845.60. This represents a 19.65% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi acquired 141,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the purchase, the chief executive officer owned 1,367,100 shares in the company, valued at approximately $97,009,416. This represents a 11.50% increase in their position. The SEC filing for this purchase provides additional information. 3.81% of the stock is owned by corporate insiders.
Trending Headlines about Uber Technologies Here are the key news stories impacting Uber Technologies this week:
Positive Sentiment: Uber agreed to acquire ezCater for approximately $2.3 billion in cash. The deal would give Uber Eats access to ezCater’s network of more than 140,000 restaurants and strengthen its position in workplace catering and Uber for Business. Analysts believe the acquisition could increase high-value orders, bookings and long-term delivery growth. Uber to Expand Food Delivery Reach Via ezCater Buy Positive Sentiment: Uber and Pony.ai are advancing plans to test robotaxis in London. Testing of Pony.ai’s Gen-7 autonomous vehicles is expected to begin within weeks, supporting Uber’s goal of expanding autonomous ride-hailing across as many as 15 cities by the end of 2026. The partnership gives Uber exposure to the potentially fast-growing robotaxi market without having to develop all of the technology internally. Uber and Pony.ai plan to launch robotaxis in London Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating and maintained a $100 price target, implying substantial potential upside from recent trading levels. Uber’s recent earnings also modestly exceeded consensus profit expectations, while revenue grew year over year. Neutral Sentiment: Investor commentary highlighted strong bookings and operational growth, but described Uber’s outlook as tempered by soft guidance. The market is weighing whether continued growth can offset rising investment needs in delivery, autonomous vehicles and acquisitions. Negative Sentiment: The ezCater transaction has drawn criticism from some retail investors, who question whether Uber is paying too much and whether acquisitions are preferable to building capabilities internally. Paying cash also reduces financial flexibility, while broader plans involving Delivery Hero could significantly increase the overall acquisition commitment. Negative Sentiment: Reports that riders are paying more while waiting longer could pressure customer satisfaction and demand. Uber also settled another bellwether sexual-assault lawsuit, adding to the company’s ongoing legal and reputational risks. Uber Technologies Profile (Free Report)
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
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SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) and Sur la table today announced that Sur la table is joining the Uber Eats marketplace, making its curated assortment of kitchenware available for on-demand or scheduled delivery. Starting today, the partnership will roll out to all Sur la table locations nationwide.From a missing thermometer ahead of a dinner party to a springform pan for holiday baking, the partnership gives customers a convenient way to get the tools they n.
Ayalon Insurance Comp Ltd. grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 345.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,071 shares of the ride-sharing company’s stock after acquiring an additional 21,000 shares during the period. Ayalon Insurance Comp Ltd.’s holdings in Uber Technologies were worth $1,855,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Public Investment Fund acquired a new stake in Uber Technologies during the 2nd quarter valued at approximately $5,256,173,439. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Uber Technologies by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,078,612 shares of the ride-sharing company’s stock valued at $1,068,653,000 after buying an additional 258,448 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Uber Technologies during the second quarter worth approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Uber Technologies in the second quarter worth $752,151,000. Finally, Baird Financial Group Inc. increased its stake in shares of Uber Technologies by 64.4% in the second quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company’s stock worth $656,609,000 after buying an additional 3,564,073 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.
Key Uber Technologies News Here are the key news stories impacting Uber Technologies this week:
Positive Sentiment: Uber agreed to acquire workplace-catering platform ezCater in an all-cash transaction. The deal would add access to more than 140,000 U.S. restaurants, approximately $2.5 billion in annual gross bookings and average orders above $400, potentially improving Uber Eats’ order economics and expanding Uber for Business. Uber To Acquire ezCater For $2.3 Billion Positive Sentiment: Analysts and bullish commentary suggest the ezCater transaction, alongside Uber’s planned Delivery Hero investment, could add roughly $66 billion in bookings and push 2027 bookings above $340 billion, with projected EBITDA potentially reaching $16.6 billion. Uber Technologies: Delivery Hero, ezCater Acquisition Should Push 2027 Bookings To Over $340B Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating and a $100 price target, implying substantial upside from current levels. Separate analysis points to strong bookings momentum that may be underappreciated by the market. Neutral Sentiment: Uber has settled a third bellwether sexual-assault lawsuit. The resolution removes one legal matter, but the broader litigation and related reputational risks remain relevant to investors. Uber Technologies Settles Third Bellwether Sexual Assault Lawsuit Negative Sentiment: Retail investors have criticized the ezCater purchase, questioning whether Uber is paying too much and whether management can integrate another major business while pursuing other acquisitions. That skepticism appears to be limiting the stock’s response to the announcement. UBER Stock In Focus: Uber’s $2.3B Bet On ezCater Fails To Lift Retail Mood Negative Sentiment: A study reportedly found Uber riders are paying 53% more while waiting 19% longer, raising concerns about affordability, service reliability and potential pressure on ride demand. Uber Technologies Price Performance Shares of NYSE:UBER opened at $68.41 on Thursday. The company has a market cap of $139.73 billion, a PE ratio of 15.04, a P/E/G ratio of 5.63 and a beta of 1.27. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $100.35. The firm has a 50-day simple moving average of $73.15 and a 200 day simple moving average of $72.98. 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 (NYSE:UBER – Get Free Report) last posted its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The company had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 3.35 EPS for the current year.
Analyst Ratings Changes A number of research analysts have commented on the stock. Citigroup reiterated a “market outperform” rating on shares of Uber Technologies in a research note on Wednesday. Scotiabank began coverage on shares of Uber Technologies in a research note on Wednesday, September 9th. They issued a “sector outperform” rating and a $100.00 target price on the stock. Cantor Fitzgerald decreased their price target on Uber Technologies from $98.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Wells Fargo & Company boosted their price objective on Uber Technologies from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Monday. Finally, Weiss Ratings downgraded Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $103.11.
View Our Latest Stock Report on UBER
Insider Transactions at Uber Technologies In other news, insider Andrew Macdonald purchased 70,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were bought at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the purchase, the insider owned 426,320 shares of the company’s stock, valued at $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 28,170 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $71.31, for a total value of $2,008,802.70. Following the transaction, the insider owned 149,525 shares of the company’s stock, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.81% of the company’s stock.
Uber Technologies Company Profile (Free Report)
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
Further Reading Five stocks we like better than Uber Technologies Skydance Just Became a Media Giant—With an $80 Billion Debt Load Could Velo3D Be the Next Defense Buyout Target? Penguin Solutions Is Soaring as AI Memory Demand Explodes Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).
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Chickasaw Capital Management LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 81.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,403 shares of the ride-sharing company’s stock after selling 28,488 shares during the period. Chickasaw Capital Management LLC’s holdings in Uber Technologies were worth $439,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in UBER. Stonebrook Private Inc. grew its position in Uber Technologies by 6.1% during the fourth quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company’s stock worth $203,000 after buying an additional 143 shares in the last quarter. Avion Wealth boosted its position in shares of Uber Technologies by 17.3% during the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock valued at $70,000 after acquiring an additional 145 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Uber Technologies by 15.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,078 shares of the ride-sharing company’s stock valued at $78,000 after acquiring an additional 147 shares during the last quarter. Ariadne Wealth Management LP grew its holdings in shares of Uber Technologies by 4.2% during the fourth quarter. Ariadne Wealth Management LP now owns 3,760 shares of the ride-sharing company’s stock worth $307,000 after purchasing an additional 150 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in shares of Uber Technologies by 5.9% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,700 shares of the ride-sharing company’s stock worth $194,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Trading Down 1.0% UBER stock opened at $68.41 on Thursday. The company has a market capitalization of $139.73 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 5.63 and a beta of 1.27. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $100.35. The company’s 50 day moving average price is $73.15 and its two-hundred day moving average price is $72.98. 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 (NYSE:UBER – Get Free Report) last announced its quarterly earnings data 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. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same period in the previous year, the business posted $0.60 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, analysts predict that Uber Technologies, Inc. will post 3.35 earnings per share for the current fiscal year. Uber Technologies News Summary Here are the key news stories impacting Uber Technologies this week:
Positive Sentiment: Uber agreed to acquire workplace-catering platform ezCater in an all-cash transaction. The deal would add access to more than 140,000 U.S. restaurants, approximately $2.5 billion in annual gross bookings and average orders above $400, potentially improving Uber Eats’ order economics and expanding Uber for Business. Uber To Acquire ezCater For $2.3 Billion Positive Sentiment: Analysts and bullish commentary suggest the ezCater transaction, alongside Uber’s planned Delivery Hero investment, could add roughly $66 billion in bookings and push 2027 bookings above $340 billion, with projected EBITDA potentially reaching $16.6 billion. Uber Technologies: Delivery Hero, ezCater Acquisition Should Push 2027 Bookings To Over $340B Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating and a $100 price target, implying substantial upside from current levels. Separate analysis points to strong bookings momentum that may be underappreciated by the market. Neutral Sentiment: Uber has settled a third bellwether sexual-assault lawsuit. The resolution removes one legal matter, but the broader litigation and related reputational risks remain relevant to investors. Uber Technologies Settles Third Bellwether Sexual Assault Lawsuit Negative Sentiment: Retail investors have criticized the ezCater purchase, questioning whether Uber is paying too much and whether management can integrate another major business while pursuing other acquisitions. That skepticism appears to be limiting the stock’s response to the announcement. UBER Stock In Focus: Uber’s $2.3B Bet On ezCater Fails To Lift Retail Mood Negative Sentiment: A study reportedly found Uber riders are paying 53% more while waiting 19% longer, raising concerns about affordability, service reliability and potential pressure on ride demand. Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on UBER shares. Bank of America lowered their target price on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Piper Sandler reissued an “overweight” rating on shares of Uber Technologies in a report on Thursday, August 13th. Needham & Company LLC restated a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research report on Thursday, August 6th. TD Cowen reaffirmed a “buy” rating and set a $118.00 price objective on shares of Uber Technologies in a report on Thursday, July 16th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.11.
Get Our Latest Analysis on UBER
Insider Buying and Selling at Uber Technologies In related news, CEO Dara Khosrowshahi acquired 141,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the acquisition, the chief executive officer owned 1,367,100 shares in the company, valued at approximately $97,009,416. This represents a 11.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Andrew Macdonald bought 70,000 shares of the stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the purchase, the insider owned 426,320 shares in the company, valued at $32,327,845.60. The trade was a 19.65% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 3.81% of the company’s stock.
Uber Technologies Profile (Free Report)
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
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Key Takeaways Uber's partnerships with Wayve and Zoox are expanding robotaxi footprint, leveraging ride-hailing network. PONY is scaling driverless operations in China and Europe, targeting 3,500 robotaxis across 20-plus cities. PONY is better positioned amid China's supportive policies and growing robotaxi market. The robotaxi market offers significant growth opportunities. According to Market and Markets, the market, valued at $530 million in 2025, is projected to reach $216.8 billion by 2035, registering a compound annual growth rate of 82% during the 2025-2035 period. This promising growth potential has attracted companies such as Pony AI (PONY - Free Report) , a Guangzhou, China-based autonomous-driving technology company, and ride-hailing giant Uber Technologies (UBER - Free Report) . Against this backdrop, let us examine the autonomous vehicle ("AV") strategies of these two companies.
Uber's Partnership-Driven AV ExpansionUber is seeking to establish a strong position in the robotaxi market through strategic collaborations. This partnership-led approach allows the company to avoid the substantial research and development expenses involved in building autonomous-driving technology in-house. Uber divested its self-driving division in 2020. The company remains committed to strengthening its position as a leading ride-hailing super app.
Consistent with this strategy, Uber has recently secured several partnerships to expand its autonomous mobility footprint. Last month, Uber and British AI company Wayve launched supervised autonomous rides in London, marking the first availability of such services in the United Kingdom. Customers booking UberX, Uber Electric or Uber Comfort rides in London may now be matched with a Wayve autonomous vehicle without paying an additional fee. Ride fares are displayed upfront through the Uber app.
Earlier this year, Uber also formed a strategic alliance with Amazon (AMZN - Free Report) subsidiary Zoox to introduce the purpose-built robotaxis on its platform. Unlike many autonomous vehicles being developed by modifying conventional passenger cars, Zoox's robotaxis are designed specifically for ride-hailing operations, with an emphasis on passenger comfort and social interaction. Uber and Zoox expect to make these autonomous rides available in Los Angeles next year.
Uber's established leadership in the ride-hailing market provides an additional competitive advantage in autonomous mobility. Its extensive customer and driver network positions the company to rapidly scale robotaxi services as autonomous-driving technology advances. Moreover, Uber's platform is designed to accommodate autonomous vehicles from multiple partners, offering riders greater flexibility and a wider range of transportation choices.
Taking a Look at PONY’s Role in the Robotaxi FieldSupporting its AV expansion strategy, Pony AI and Verne recently commenced fully driverless robotaxi test rides with passengers on public roads in Zagreb, marking the service's European debut. This development represents an important milestone toward the launch of fully driverless commercial operations.
Since unveiling the "dual-engine" growth strategy earlier this year, the Chinese autonomous-driving company has steadily expanded its robotaxi footprint across domestic and international markets. These initiatives support management's objective of deploying 3,500 robotaxis across more than 20 cities by year-end.
In China, Pony AI has strengthened its presence in key markets, including expanded coverage across Guangzhou's urban center. Its operating network now extends throughout the Haizhu District and serves prominent high-traffic locations, such as Canton Tower and the Pazhou business district.
How Do UBER and PONY Compare on Key Metrics?Shares of both PONY and UBER have declined in double digits (% wise) over the past year, even though the latter’s drop is less steep.
1-Year Price ComparisonImage Source: Zacks Investment Research
See how the Zacks Consensus Estimate of UBER and PONY’s earnings for 2026 and 2027 has been revised over the past 30 days.
Earnings Estimate Revisions for UBERImage Source: Zacks Investment Research
Earnings Estimate Revisions for PONYImage Source: Zacks Investment Research
ConclusionAlthough Uber continues to advance its autonomous vehicle initiatives, achieving large-scale commercialization is likely to take considerable time. Regulatory approvals and compliance obligations could delay the broader rollout of its AV services. Moreover, the increasing adoption of self-driving vehicles raises concerns about the long-term need for intermediary ride-hailing platforms like Uber.
In contrast, Pony AI has established itself as a prominent player in the autonomous-driving industry. The company also faces relatively limited exposure to tariff-related uncertainties, given its predominantly domestic supply chain. Additionally, China's rapidly expanding robotaxi market provides a favorable backdrop for Pony AI's growth. Supportive government policies, a substantial addressable market and an efficient domestic supply chain are reinforcing China's emergence as a global center for autonomous-driving innovation and robotaxi commercialization.
Considering these factors, PONY appears to be a more attractive investment option than UBER at present.
While PONY carries a Zacks Rank #2 (Buy), UBER currently has 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.
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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.
While one company thrives on the loyalty of pet parents and the other on global mobility and delivery, investors often wonder which offers better value. Today, we compare Chewy (CHWY +0.44%) and Uber Technologies (UBER -0.91%).
Chewy has carved out a massive niche by transforming how people shop for pet essentials, emphasizing subscription-based sales and health services. Uber provides the digital infrastructure for on-demand transportation and food delivery across seventy countries. Both companies utilize advanced technology to dominate their respective markets, as noted in their latest annual filings.
The case for ChewyChewy operates as a leading online retailer and pet-care platform, selling everything from food to medications. In its latest official results, reported for FY 2025, the company noted nearly 21.7 million active customers. It continues to expand its reach among retail stocks by enrolling approximately 20,000 veterinary practices in its PracticeHub platform, which represents roughly half of all clinics in the United States.
In FY 2025, revenue reached nearly $12.6 billion, representing a growth rate of roughly 6.2% over the previous year. The company reported net income of approximately $222.8 million during this period. This resulted in a net margin of close to 1.8%, reflecting the significant scale and thin-profit nature of its massive physical fulfillment and logistics operations.
As of its February 2026 balance sheet, the debt-to-equity ratio is roughly 1.1x, which compares total debt to shareholder equity. The current ratio, which measures the ability to cover short-term debts with assets, is approximately 0.9x. Free cash flow for FY 2025 reached about $562.4 million, though stock-based compensation represented roughly 43.1% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.
The case for Uber TechnologiesUber Technologies operates a global platform that connects consumers with mobility services, food delivery, and freight. In its latest annual report, filed for FY 2025, the company noted that its expansive network includes drivers, merchants, and shippers across more than 70 countries. It recently expanded its corporate and group dining capabilities through the $2.3 billion acquisition of ezCater, further diversifying its revenue streams.
For FY 2025, revenue grew to roughly $52.0 billion, a significant 18.3% increase from the prior year. The company achieved a substantial net income of nearly $10.1 billion. This performance resulted in a net margin of approximately 19.3%, showcasing the platform's ability to generate significant profit from its high transaction volume and global scale.
On its December 2025 balance sheet, the debt-to-equity ratio was close to 0.4x. Uber also maintained a current ratio of roughly 1.1x, which measures its ability to cover short-term liabilities with assets that can be quickly converted to cash. Free cash flow reached approximately $9.8 billion in FY 2025, providing the company with significant capital for reinvestment or future acquisitions.
Risk profile comparisonChewy faces intense competition from mass merchants like Amazon (AMZN +1.42%) and traditional pet specialty stores. The company relies on a complex fulfillment network, and any disruption to its third-party logistics providers could materially harm business results. Additionally, a dual-class stock structure gives significant control to BC Partners affiliates, which could lead to conflicts of interest for minority shareholders.
Uber remains subject to complex litigation globally regarding driver classification, sexual assault incidents, and regulatory compliance. It faces stiff competition from rivals such as Lyft (LYFT -1.01%) in ridesharing and DoorDash (DASH -1.23%) in delivery services. Furthermore, its aggressive acquisition strategy, including the planned expansion with Delivery Hero (DLVHF +0.00%), introduces integration risks and heightened regulatory scrutiny across multiple jurisdictions.
Valuation comparisonUber is cheaper based on its forward P/E (future earnings estimates), while Chewy has a lower P/S ratio (sales over the past 12 months).
MetricChewyUber TechnologiesForward P/E23.3x20.4xP/S ratio0.6x2.5xValuation metrics include sourcing from Financial Modeling Prep (FMP) and may differ from other data providers.
Uber and Chewy may not seem to have much in common, but at their core, both are logistics businesses. Chewy delivers pet products, while Uber delivers food, groceries, and people. For investors, the key question is which stock offers greater durability and which has more room to grow.
Chewy's strength lies in its diverse offerings, which range from pet food and supplies to medications and veterinary care. It also benefits from customer loyalty through its Autoship program. Pet owners need to buy food and other essentials regardless of the economic environment, and Chewy makes it convenient. However, it faces formidable competition from e-commerce giants such as Amazon, as well as other retailers.
Most people think of Uber primarily as a ride-hailing company and, to a lesser extent, as a food-delivery service. But its operations extend beyond rides and restaurant meals. Uber also delivers groceries and operates a freight business that connects shippers with carriers. The company continues to grow rapidly, including in services for corporate customers, while its planned acquisition of ezCater could expand its reach in corporate food delivery and provide additional opportunities for profitable growth.
If I were adding one of these stocks to my portfolio, I would choose Uber. Chewy has the advantage of serving a relatively defensive category with recurring demand, but Uber offers considerably more growth potential along with an attractive valuation relative to its earnings. That combination makes Uber the more compelling long-term stock for most investors.
Key Takeaways Uber will acquire ezCater for $2.3B to expand into workplace catering and large group orders. ezCater logged over $2.5B in trailing-12-month gross bookings, growing at a high-teens rate. Uber expects ezCater to be margin accretive and deepen its competition with DoorDash. Uber Technologies (UBER - Free Report) has agreed to acquire ezCater, a major U.S. catering and workplace-meals platform, in an all-cash transaction valued at $2.3 billion. The acquisition is aimed at expanding Uber Eats into the large-order catering market while strengthening Uber for Business. The transaction is expected to close in the coming months, subject to regulatory approvals and customary closing conditions.
Uber for Business makes it easier for companies of any size to manage rides and meal deliveries. Since 2014, Uber for Business has brought the best of the company’s technology to organizations across industries and is currently trusted by more than 200,000 companies across the globe. ezCater enables businesses to manage workplace food requirements and place orders from more than 140,000 restaurants nationwide. Its platform supports meetings, events and recurring enterprise catering, alongside tools for managing orders and food spending and round-the-clock customer support.
The combination will bring together ezCater’s catering and business-to-business expertise, Uber Eats’ broad consumer and restaurant network, and Uber for Business’s corporate relationships. The expanded platform is expected to provide restaurants with access to more high-value orders and new customers, while making it easier for businesses and consumers to arrange meals for workplaces, meetings, events and other group occasions.
The transaction may also create additional earning opportunities for Uber Eats couriers by increasing the volume of larger catering deliveries. Meanwhile, participating restaurants could benefit from higher-value transactions, given that ezCater’s average order value exceeds $400. ezCater generated more than $2.5 billion in gross bookings during the trailing 12 months, with bookings growing at a high-teens percentage rate year over year. Uber expects the business to be margin accretive.
How the Deal Could Strengthen Uber Against DoorDashThe acquisition could meaningfully strengthen Uber’s competitive position against DoorDash (DASH - Free Report) in the U.S. food-delivery market by giving it a stronger foothold in workplace catering and large group orders, a segment the latter is also actively targeting. DoorDash for Business launched expanded workplace catering offerings in April 2026, including tray-style catering and team-meal solutions, after large team orders grew 30% faster than regular orders.
By adding ezCater’s established nationwide restaurant network and corporate-catering expertise, Uber can accelerate its presence in this higher-value category rather than building those capabilities organically. The deal also broadens Uber Eats beyond individual meal delivery, potentially improving order frequency, average transaction values and engagement with corporate customers. In turn, closer integration with Uber for Business could support cross-selling and help Uber capture a larger share of workplace food spending, intensifying its competition with DoorDash across both consumer and business delivery.
DoorDash also made headlines earlier this year when it expanded the partnership into Canada with Uber’s rival Lyft (LYFT - Free Report) . The expansion allows DashPass members to receive discounts on Lyft rides. Lyft, which now operates in Canada’s 10 largest cities, aims to strengthen its market presence via this expanded deal. DoorDash has expanded DashPass beyond delivery in Canada through this Lyft partnership.
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 2.18X. 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 (UBER - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this ride-hailing company have returned -5.5% over the past month versus the Zacks S&P 500 composite's +1.4% change. The Zacks Internet - Services industry, to which Uber belongs, has gained 2.5% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Uber is expected to post earnings of $1.03 per share for the current quarter, representing a year-over-year change of -66.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -6.2%.
The consensus earnings estimate of $3.36 for the current fiscal year indicates a year-over-year change of -36.6%. This estimate has changed -2.8% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $4.59 indicates a change of +36.8% from what Uber is expected to report a year ago. Over the past month, the estimate has changed -1.2%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Uber.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Uber, the consensus sales estimate of $14.74 billion for the current quarter points to a year-over-year change of +9.4%. The $57.91 billion and $66.86 billion estimates for the current and next fiscal years indicate changes of +11.3% and +15.5%, respectively.
Last Reported Results and Surprise HistoryUber reported revenues of $14.19 billion in the last reported quarter, representing a year-over-year change of +12.2%. EPS of $1.17 for the same period compares with $0.63 a year ago.
Compared to the Zacks Consensus Estimate of $14.21 billion, the reported revenues represent a surprise of -0.13%. The EPS surprise was +40.96%.
Over the last four quarters, Uber surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Uber is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Uber. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
SAN FRANCISCO & BOSTON--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) and ezCater, Inc. today announced that they have entered into an agreement for Uber to acquire ezCater, a leading U.S. platform for catering and workplace meals, in an all-cash transaction valued at $2.3 billion. ezCater makes it easy for any business to manage its food needs and order from over 140,000 restaurants nationwide. Its platform supports everything from meetings, events, and recurring enterprise catering ne.
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Uber plans to acquire ezCater, a deal that takes it into larger food deliveries. Klaudia Radecka/NurPhoto via Getty Images Uber is expanding into the catering business.
The delivery service plans to acquire ezCater in a cash deal valued at $2.3 billion, the companies said on Tuesday. Uber expects the deal to close "in the coming months," depending on government approvals, it said.
ezCater's software and platform allow users to place large orders for meetings and other business events. The company works with about 140,000 restaurants in the US.
The company's Uber for Business arm already offers some food options for corporations, such as group ordering.
"Catering is a big business, and can be a huge revenue stream for restaurants," Uber CEO Dara Khosrowshahi said. Uber's acquisition will make ezCater's services available "to millions more customers and help restaurants win more of these valuable orders," he said.
Rival DoorDash said in April that it would launch its own catering delivery service aimed at workplaces.
Tuesday's announcement also means that "couriers on Uber Eats will have attractive new opportunities to earn," Uber said.
Some gig workers have told Business Insider that they make more money by delivering large orders, including food for events or bags of potting soil from a home improvement store.
Such orders typically require special equipment to deliver — insulated bags to fit several pizzas or a bigger vehicle. Many also pay more than the orders for individual consumers.
The deal is also a sign of the land grab happening in the delivery space.
DoorDash and Uber Eats expanded their partnerships with Costco last month. Walmart said a month ago that it would use its legion of delivery workers to compete in restaurant delivery, beginning with about 10,000 Dunkin' locations across the US.
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! Click to unsubscribe from email alerts.
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.
Uber Technologies, Inc. (NYSE:UBER) on Tuesday announced that it has agreed to acquire ezCater, Inc. for $2.3 billion in cash, expanding Uber Eats into higher-value workplace catering and group ordering.
• Uber Technologies stock is trading near recent lows. What’s the outlook for UBER shares?
Uber Bets $2.3 Billion on Catering GrowthezCater operates a U.S. catering and workplace meals platform connecting businesses with more than 140,000 restaurants.
ezCater generated more than $2.5 billion in Gross Bookings over the past 12 months, with year-over-year growth in the high teens. Its average order value tops $400.
ezCater is profitable on a non-GAAP operating income basis, and Uber expects the acquisition to be margin accretive.
Uber plans to combine ezCater’s business-to-business catering capabilities with Uber Eats and Uber for Business, giving restaurants access to larger orders and expanding group-meal options for customers.
"Catering is a big business, and can be a huge revenue stream for restaurants," Uber CEO Dara Khosrowshahi said. "With Uber’s reach, we can bring that experience to millions more customers and help restaurants win more of these valuable orders."
Uber held cash and cash equivalents of $4.78 billion as of June 30, 2026.
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Uber’s 2026 Deal ActivityUber’s largest 2026 transaction was its July agreement to acquire Delivery Hero SE for about $14.8 billion in cash, expanding its delivery footprint across nearly 100 markets.
In March, Uber acquired Blacklane to support Uber Elite, its premium mobility offering, and strengthen its presence in luxury chauffeur and airport-transfer services.
Uber also committed up to $1.25 billion to a strategic partnership with Rivian Automotive Inc. (NASDAQ:RIVN) to integrate customized electric robotaxis into its autonomous network through 2031.
UBER Technicals Remain BearishUber is down 30.71% over the past 12 months and remains below its major moving averages, including the 20-day SMA of $70.08 and the 200-day SMA of $74.63.
The 20-day SMA remains below the 50-day, while the January Death Cross — with the 50-day below the 200-day — keeps the broader trend bearish.
Momentum is showing signs of improvement, however, with MACD above its signal line and a positive histogram, suggesting selling pressure may be easing.
Key resistance sits near $78.50, while support is around $69.50.
Earnings and Analyst OutlookUber is scheduled to report earnings on Nov. 4.
Analysts expect EPS of 95 cents, up from 81 cents a year earlier, on revenue of $14.71 billion versus $13.47 billion.
The stock carries a Buy consensus rating with an average price forecast of $103.74 across 39 analysts.
Wells Fargo raised its target to $92 while maintaining Overweight on Oct. 5. Scotiabank initiated coverage with Sector Outperform and a $100 target on Sept. 9, while Wedbush maintained Outperform with a $91 target on Sept. 8.
UBER Stock Price Activity: Uber shares were down 0.66% at $69.04 at the time of publication on Tuesday, according to Benzinga Pro data.
Uber logo is seen in this illustration taken July 16, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
SummaryCompaniesEzCater generated more than $2.5 billion in gross bookings over last 12 monthsUber says ezCater average order values exceed $400Purchase targets corporate events, meetings and workplace meal ordersOct 6 (Reuters) - Uber Technologies (UBER.N), opens new tab said on Tuesday it would buy US catering platform ezCater in an all-cash deal for $2.3 billion, its latest move to strengthen delivery, the company's fastest-growing business segment.
The deal comes months after Uber agreed in July to buy German firm Delivery Hero in a $14.8 billion transaction aimed at creating the largest food delivery group outside China.
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Founded in 2007, ezCater lets companies order food from caterers for corporate events, meetings and workplace meals. It generated more than $2.5 billion in gross bookings over the past 12 months, Uber said.
The deal would combine ezCater's catering business with Uber Eats' restaurant network and Uber for Business' corporate customer base, the company said.
Uber Eats has a wider global reach, but DoorDash holds the majority of the US food delivery market, according to analysts, and the ezCater deal is expected to help Uber narrow that gap.
Uber said ezCater's average order values exceed $400 and the deal is expected to boost margins.
The acquisition adds a new line of business built on high-value group orders paid for by companies, expanding Uber's business-focused segment, whose gross bookings grew more than 40% in the second quarter, Rosenblatt analyst Scott Devitt said.
"Importantly, bringing workplace buyers into the ecosystem supports the membership flywheel," Devitt said.
The ride-hailing and delivery company's shares have fallen 15% this year as investors weigh how well it can compete once robotaxis begin to reshape the ride-hailing market.
Uber's delivery segment accounted for about 37% of total revenue in the second quarter and has been its biggest growth driver in the recent past.
The deal is subject to regulatory approval and is expected to close in the coming months.
Rewrites throughout, adds analyst comment in paragraph 6
Reporting by Prathik Jayaprakash and Akash Sriram in Bengaluru; Editing by Tasim Zahid
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Uber Technologies, Inc. (NYSE: UBER) and ezCater, Inc. today announced that they have entered into an agreement for Uber to acquire ezCater, a leading U.S. platform for catering and workplace meals, in an all-cash transaction valued at $2.3 billion.
ezCater makes it easy for any business to manage its food needs and order from over 140,000 restaurants nationwide. Its platform supports everything from meetings, events, and recurring enterprise catering needs, with tools to manage ordering and food spend and 24/7 customer support.
The acquisition will bring together ezCater’s proven catering and B2B expertise, Uber Eats’ global reach among consumers and restaurants, and Uber for Business’s deep relationships with organizations of all sizes. Restaurants will be able to grow through larger orders and new diners. Customers will be able to find and order food for a group more simply and reliably, from workplace meals, to events, and social gatherings. And couriers on Uber Eats will have attractive new opportunities to earn.
ezCater generated over $2.5 billion in Gross Bookings over the trailing twelve months, growing high teens year-over-year. The business is profitable on a Non-GAAP Operating Income basis, and is expected to be margin accretive. ezCater’s average order values are over $400.
“Catering is a big business, and can be a huge revenue stream for restaurants,” said Dara Khosrowshahi, CEO of Uber. “Nihad and his incredible team have built an amazing platform. With Uber’s reach, we can bring that experience to millions more customers and help restaurants win more of these valuable orders.”
“We're thrilled to be joining forces with Uber. Our team is proud of what we've built — the leading platform for workplace catering, and a major growth channel for our restaurant partners,” said Nihad Rahman, CEO of ezCater. “We're energized to bring our catering and B2B expertise to Uber's global ecosystem of customers, merchants, and couriers.”
The transaction is expected to close in the coming months, subject to regulatory approvals and other customary closing conditions.
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 ezCater
ezCater is the #1 food tech platform for workplaces in the US. The company makes it easy for any organization to manage its food needs and order from over 140,000 restaurants nationwide. For workplaces, ezCater provides flexible and scalable solutions for everything from employee meal programs to one-off meetings, all backed by beyond helpful 24/7 service and business-grade reliability. For restaurant partners, ezCater helps grow their business by bringing them new high-value customers and large orders. To learn more, visit www.ezcater.com.
Advisors
J.P. Morgan Securities LLC is serving as financial advisor to Uber. Covington & Burling LLP is serving as legal counsel to Uber and Freshfields US LLP is serving as legal counsel to Uber in connection with global antitrust matters. Evercore is serving as financial advisor to ezCater. Davis Polk & Wardwell LLP is serving as legal counsel to ezCater.
Forward-Looking Statements
This press release contains forward-looking statements regarding Uber’s future business expectations which involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Uber’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among others: risks and uncertainties related to the pending acquisition of ezCater, including the failure to obtain, or delays in obtaining, required regulatory approval, the risk that such approval may result in the imposition of conditions that could adversely affect Uber or the expected benefits of the proposed transaction, or the failure to satisfy any of the closing conditions to the proposed transaction on a timely basis or at all; costs, expenses or difficulties related to the acquisition of ezCater; failure to realize the expected benefits and synergies of the proposed transaction in the expected timeframes or at all; the potential impact of the announcement, pendency or consummation of the proposed transaction on relationships with Uber’s and/or ezCater’s employees, customers, couriers, merchants, suppliers, delivery partners and other business partners; the risk of litigation or regulatory actions to Uber and/or ezCater; the inability to retain key personnel; changes in legislation or government regulations affecting Uber or ezCater; the potential impact of the acquisition on Uber’s financial results; and economic financial, social or political conditions that could adversely affect Uber, ezCater, or the proposed transaction. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see Uber’s most recent annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. All information provided in this release is as of the date of this press release and any forward-looking statements contained herein are based on assumptions that Uber believes to be reasonable as of this date. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to Uber on the date hereof. Uber undertakes no duty to update this information unless required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261006655239/en/
The deal gives Uber Eats access to ezCater's network of more than 140,000 restaurants in the U.S., which generate over $2.5 billion in annual gross bookings.
Image Credits:Jakub Porzycki/NurPhoto / Getty Images Uber is buying a catering company called ezCater, as it continues to grow the types of services available through its Uber Eats division. It’s an all-cash transaction valued at $2.3 billion.
Billed as a “leading U.S. platform for catering and workplace meals,” ezCater is a marketplace for businesses that need large meals, like an Expedia for catering. The company was founded in 2007 and has become a business that generated over $2.5 billion in gross bookings over the last 12 months, according to Uber. It’s a huge exit for a company that was bootstrapped for seven years before raising its first $4 million round in 2014.
Dara Khosrowshahi, Uber’s CEO, billed the acquisition as a way for restaurants to find new, larger customers. “Catering is a big business, and can be a huge revenue stream for restaurants,” he said in a statement. “With Uber’s reach, we can bring that experience to millions more customers and help restaurants win more of these valuable orders.”
The acquisition is the latest in a run of moves by Uber to grow its food delivery business. The company is also in the process of buying Delivery Hero for $15 billion, and it’s investing in (and partnering with) drone delivery companies like Zipline and Flytrex.
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Uber Technologies Inc (NYSE:UBER, XETRA:UT8), the ride-hailing and food delivery company, has agreed to acquire ezCater, a US catering and workplace meals platform, in an all-cash transaction valued at $2.3 billion, the companies announced on Tuesday.
The platform handled more than $2.5 billion in gross bookings, the total value of orders placed, over the last 12 months, with year-over-year growth in the high teens.
The business is profitable on a non-GAAP operating income basis, a measure that excludes certain items included in standard accounting, and is expected to be margin accretive.
Restaurants will be able to win larger orders and reach new diners through the deal, and ezCater's average order value exceeds $400.
The acquisition combines ezCater's catering and business-to-business expertise with the global reach of Uber Eats, the company's food delivery service, and Uber for Business, its unit serving organizations of all sizes.
Customers should be able to find and order food for groups more simply, from workplace meals to events and social gatherings.
Couriers on Uber Eats will gain new opportunities to earn as a result of the deal.
Uber chief executive Dara Khosrowshahi described catering as a large business and a potentially significant revenue stream for restaurants, while ezCater chief executive Nihad Rahman said the company was excited to join Uber.
ezCater lets businesses order food from more than 140,000 restaurants nationwide, covering meetings, events and recurring corporate catering, with tools to manage ordering and spending and round-the-clock customer support.
ezCater ranks itself as the top US food technology platform for workplaces, offering everything from employee meal programs to one-off meetings and serving restaurant partners with new high-value customers.
The transaction is expected to close in the coming months, subject to regulatory approvals and other customary closing conditions.
SummaryUber Technologies is rated a Strong Buy, driven by robust institutional accumulation despite recent share price weakness.UBER's current valuation is seen as undervalued, with significant room for multiple expansions as the EV, ride-hailing, and robotaxi markets grow.Institutional ownership in UBER has reached an all-time high, signaling confidence in the stock's potential for an upward move.Key risks include short interest and competitive threats, notably from Tesla's anticipated robotaxi initiatives. Hispanolistic/E+ via Getty Images
I have had Uber (UBER) on my watchlist for quite some time now. I was hesitant to initiate my coverage, but that's about to change. On that note, the stock has tumbled about 30% over the past year despite
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Uber Technologies (UBER - Free Report) closed at $69.48 in the latest trading session, marking a +2.01% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.66%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
Shares of the ride-hailing company witnessed a loss of 10.1% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.36%, and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. In that report, analysts expect Uber Technologies to post earnings of $1.03 per share. This would mark a year-over-year decline of 66.88%. Alongside, our most recent consensus estimate is anticipating revenue of $14.74 billion, indicating a 9.43% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.36 per share and revenue of $57.91 billion, indicating changes of -36.6% and +11.32%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Uber Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 2.82% fall in the Zacks Consensus EPS estimate. At present, Uber Technologies boasts a Zacks Rank of #3 (Hold).
Investors should also note Uber Technologies's current valuation metrics, including its Forward P/E ratio of 20.3. Its industry sports an average Forward P/E of 15.25, so one might conclude that Uber Technologies is trading at a premium comparatively.
Also, we should mention that UBER has a PEG ratio of 5.55. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. UBER's industry had an average PEG ratio of 1.68 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UBER in the coming trading sessions, be sure to utilize Zacks.com.
SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its third quarter 2026 financial results on Wednesday, November 4th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time).
A live webcast of the conference call and earnings release materials can be found on Uber’s Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days.
Disclosure Information
Uber uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the company’s Investor Relations website, in addition to following the company’s press releases, SEC filings, public conference calls, presentations, and webcasts.
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.
CX Institutional reduced its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 88.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,135 shares of the ride-sharing company’s stock after selling 88,654 shares during the quarter. CX Institutional’s holdings in Uber Technologies were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of UBER. Nalls Sherbakoff Group LLC purchased a new stake in Uber Technologies in the 4th quarter worth $25,000. Osbon Capital Management LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $25,000. Gould Capital LLC raised its stake in Uber Technologies by 245.0% during the 4th quarter. Gould Capital LLC now owns 345 shares of the ride-sharing company’s stock valued at $28,000 after purchasing an additional 245 shares during the period. Portus Wealth Advisors LLC purchased a new position in Uber Technologies in the 1st quarter worth approximately $25,000. Finally, Dunhill Financial LLC purchased a new position in Uber Technologies in the 2nd quarter worth approximately $28,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Price Performance Uber Technologies stock opened at $68.09 on Monday. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.29. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average is $73.22 and its 200 day moving average is $73.14. The company has a market cap of $139.07 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 5.55 and a beta of 1.27.
Uber Technologies (NYSE:UBER – Get Free Report) last issued 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 business had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 3.35 EPS for the current fiscal year. Insider Buying and Selling at Uber Technologies In related news, CEO Dara Khosrowshahi bought 141,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the transaction, the chief executive officer owned 1,367,100 shares in the company, valued at $97,009,416. This trade represents a 11.50% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the sale, the insider owned 149,525 shares in the company, valued at $10,662,627.75. The trade was a 15.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.81% of the company’s stock.
Analysts Set New Price Targets Several research firms have recently issued reports on UBER. Sanford C. Bernstein reiterated an “outperform” rating on shares of Uber Technologies in a research report on Wednesday. Tigress Financial raised their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, June 12th. DA Davidson reduced their price target on shares of Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Cantor Fitzgerald decreased their price target on shares of Uber Technologies from $98.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Finally, Bank of America dropped their price objective on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $103.03.
View Our Latest Stock Analysis on Uber Technologies
Uber Technologies Profile (Free Report)
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
Further Reading Five stocks we like better than Uber Technologies Could Nike’s Brutal Sell-Off Finally Be Running Out of Steam? The AI Buildout Needs Power It Cannot Get: 4 Energy Stocks Already Have It McDonald’s Is Undergoing a Massive New Growth Strategy. Can It Win Back Consumers? MGM Resorts Stock Sinks After Diller Deal Collapse: Overreaction or Warning?
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Competition for market share in the driverless car market is heading in the wrong direction for investors.
*Stock prices used were the afternoon prices of Sept. 30, 2026. The video was published on Oct. 2, 2026.
Parkev Tatevosian, CFA has positions in Uber Technologies. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Uber Technologies (UBER -1.23%) has become an unlikely value stock. Analysts anticipate 11% sales growth this year, followed by 15% sales growth in 2027. Earnings per share, meanwhile, are expected to jump from $3.19 in 2026 to $4.56 next year. And yet Uber stock trades at just 15 times trailing earnings.
Hedge fund manager Bill Ackman recently called Uber "one of the best managed and highest quality businesses in the world," adding that shares are "likely to more than double over the next three to four years."
If Ackman's prediction comes true, a $10,000 investment in Uber could be worth more than $20,000 by 2030.
Why does this opportunity exist? Because the market views self-driving vehicles as a potential threat. In reality, robotaxis could deliver another long-term growth driver for Uber.
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This is why Uber stock is so cheap Last week, I discussed Uber's valuation discount in detail. The crux of the argument is simple. The market thinks robotaxis will disintermediate Uber's business. But Uber already controls the two-sided ride-hailing marketplace in many key regions. In the U.S., for example, Uber commands a powerful 75% market share for ride-hailing services.
Image source: Getty Images.
Bears see robotaxis cutting out Uber as an intermediary. In reality, I think robotaxis could further solidify Uber's dominant market position. Robotaxi fleets will want high utilization rates to justify upfront capital expenditures. That means going where the demand is. More than 60% of ride-sharing users exclusively user Uber without checking any other competing app.
In short, expect robotaxi operators to list their vehicles on Uber's marketplace, further entrenching Uber as the go-to platform for ride-sharing services, whether they're powered by humans or robots.
Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy.
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Wait times on Uber have increased over the last few years, according to new data. Mario Tama/Getty Images You might be waiting longer for your Uber ride to arrive — and paying more for it.
The time between when Uber matched a driver with a rider and when the car arrived grew 19% between the first quarter of 2023 and the same period this year, according to a new analysis by Len Sherman, an executive in residence and adjunct professor at Columbia Business School.
Over the same period, the price per mile that Uber charged rose 53% on average, per the analysis.
"You're charging more for less, for degrading the service," Sherman told Business Insider in an interview. Sherman released the wait-time and price findings on Wednesday in a new report.
"This analysis relies on a number of inaccuracies, which we've publicly refuted," an Uber spokesperson said. The spokesperson declined to comment specifically on Sherman's findings about wait time and per-mile cost.
Why limos aren't cool anymore
The spokesperson referred Business Insider to a January blog post from the company, which said it was "false" that "the only reason Uber was able to become profitable was by raising prices while taking an ever larger share" of fares.
The data provide another example of how Uber has changed for riders over the last decade.
Once among startups that burned cash to acquire users, Uber has more recently used its upfront pricing strategy to become profitable. It is often done by charging riders more and paying drivers less, Sherman has previously contended.
Sherman examined 37,500 trips completed by drivers in six US cities, compiled using data from GigU, an app that shows drivers how much they will make per minute and per mile on a trip before they accept it. Wait times increased in five of the six cities, including Atlanta, Dallas, and Houston.
In the sixth city — Tampa, Florida — wait times declined slightly.
Riders in five of six metro areas saw their wait times increase between 2023 and 2026. Len Sherman The data do not include the time that riders spent waiting for Uber to pair them with a driver, Sherman said, since he relied on data from drivers. Once a rider requests a ride, Uber sends the ride offer to nearby drivers, often at different payout rates.
That process can add minutes to rider wait times, Sherman said. "By definition, it's an underestimate," he said.
By increasing wait times and prices, Uber is risking its relationship with customers, Sherman said. The rise of AI agents means that riders are more easily able to compare prices with rival Lyft or local alternatives, he added.
Sherman's study also pointed to the 2026 Axios Harris Poll 100, which ranks major companies based on their reputation. This year's edition placed Uber 72nd on the list, lower than its position as 58th in 2025, with declines on metrics including trust, character, and ethics.
"This is a company that has acted in a way that clearly has lost the trust of their customers, riders, and drivers," Sherman said.
Sherman's report is his latest on Uber. His previous studies showed that Uber increased the share of each rider fare that it kept, known as the company's take rate, therefore reducing the pay that went to its gig-worker drivers.
Another study earlier this year showed that Uber's commercial insurance and operational charges varied significantly across seemingly identical trips.
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! Click to unsubscribe from email alerts.
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.
Coupang (CPNG -0.43%) and Uber Technologies (UBER -0.23%) dominate their respective regions and markets. But as they expand into new services and geographies, which stock offers the best path for your portfolio today?
Coupang has built a logistics powerhouse in East Asia, while Uber operates a massive global network for mobility and delivery. Comparing these two involves weighing Coupang's specialized regional infrastructure against Uber's diversified worldwide presence. Both companies are navigating a transition from high-growth start-ups to mature, profitable tech leaders.
The case for CoupangCoupang operates as a massive e-commerce and logistics provider, offering retail, restaurant delivery, and video streaming services primarily in South Korea and Taiwan. The company relies on its WOW membership program to drive loyalty among its broad customer base of individual consumers and merchants. It recently expanded its reach through a cross-border partnership with J.Q. Dickinson Salt-Works to distribute goods across Asia, cementing its position among retail stocks.
In 2025, revenue reached nearly $34.5 billion, representing approximately 14% growth over the prior year. The company reported net income of roughly $208 million for the period, resulting in a net margin of close to 0.6%. This performance reflects a steady upward trend in revenue as the company scales its operations in new international markets.
As for financial health, Coupang maintains a debt-to-equity ratio of 1.7x as of Q2 2026, which measures total debt relative to shareholders' equity. Its current ratio of 0.9x shows the ability to cover short-term debts with current assets.
Trailing-12-month free cash flow through Q2 2026 was $99 million, which is the cash remaining after paying for operations and capital equipment. Note that stock-based compensation accounted for roughly 26.8% of operating cash flow, inflating reported cash generation, since SBC is a non-cash expense added back in the cash flow statement.
The case for Uber TechnologiesUber Technologies runs a global platform that connects consumers with rides, food delivery, and freight services in more than 70 countries. The business model relies on a network of millions of independent contractors and merchants to maintain liquidity in its mobility and delivery offerings. The company also manages deep commercial partnerships with various autonomous mobility firms to prepare for the future of transportation.
In 2025, revenue reached approximately $52 billion, an increase of nearly 18% from the previous year. The company reported a significant net income of roughly $10 billion, leading to a net margin of close to 19%. This level of profitability highlights the company's ability to generate substantial earnings from its high-volume global transaction platform.
As of its June 2026 balance sheet, the current ratio is approximately 0.8x, indicating the ability to meet short-term obligations. The company maintains a debt-to-equity ratio of nearly 0.5x, which compares its total debt to its shareholders' equity.
Free cash flow for the period totaled roughly $9.8 billion, representing cash generated after accounting for all capital investments.
Risk profile comparisonCoupang faces intense investigations from Korean regulators regarding data security and fair trade practices. These hurdles follow a 2025 data incident that exposed 33 million accounts, leading to a massive $1.2 billion customer voucher program.
Uber Technologies is subject to ongoing global litigation regarding the classification of drivers as independent contractors. A shift to employee status could fundamentally alter the business model and significantly increase operating costs. The company also faces competition from rivals like Lyft and DoorDash while investing billions in autonomous vehicle technology.
Valuation comparisonUber looks cheaper based on its Forward P/E, while Coupang trades at a lower P/S ratio based on sales over the past twelve months.
MetricCoupangUber TechnologiesForward P/E44.1x20.6xP/S ratio0.7x2.6xValuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Both stocks look modestly valued relative to their growth. Uber is trading at 17x forward earnings, while Coupang looks inexpensive on a price-to-sales basis, trading at just 0.7x. I would buy Coupang over Uber right now.
Uber is posting solid growth right now, but its stock is not quite as cheap as Coupang. The latter is trading at a deep discount over what appears to be a temporary problem.
Coupang has a durable competitive moat in its home market of Korea. It built a specialized fulfillment infrastructure network that can deliver packages quickly in densely populated areas. This is why Coupang dominates the Korean market with millions of loyal WOW members.
The stock is down due to weak growth this year following a data incident. Customers who have returned are spending at similar rates to before the incident, and the business continues to attract new members. This shows that this problem is temporary and doesn't change Coupang's long-term opportunity.
The Taiwan market continues to grow at a higher pace than at the same point in the growth curve as Korea. As Coupang begins to lap these weak numbers in 2027 and potentially reports strong year-over-year growth, the stock could move higher and outperform the market.
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.
Uber faces long-term headwinds in the US from robotaxi competition, especially as Waymo and Tesla scale. Internationally, UBER appears better positioned, with fragmented robotaxi supply more likely. UBER's valuation remains modest relative to growth and profitability, with advertising and Delivery driving margin improvements despite AI investment pressures.
