Uber Down 29% From Its High. Earnings Up 40%. Wall Street Sees 47% Upside

1 hour ago 1

Alex Sirois

Tue, June 23, 2026 astatine 9:24 AM CDT 4 min read

Quick Read

UBER trades 30% beneath its all-time precocious contempt WeRide and Wayve robotaxi deals and 44% non-GAAP EPS maturation past quarter.
A $1.5 cardinal equity revaluation headwind crushed GAAP nett income 85%, arsenic Kevin Warsh's hawkish Fed broadly reprices long-duration tech multiples.
Wall Street's $104 statement people implies 47% upside, but analysts counsel waiting for terms stabilization adjacent $58 earlier committing caller capital.
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Uber Technologies (NYSE:UBER) astatine $70.91 sits successful a holding pattern. The banal absorbed a crisp limb little connected the aforesaid time it unveiled a Zurich robotaxi motorboat with WeRide and a planetary Level 4 concern with Stellantis and Wayve, capturing wherefore this sanction is absorbing and uninvestable simultaneously.

A achromatic and acheronian grey autonomous transportation robot with 4 wheels and glowing bluish circular accents connected its suspension travels connected an asphalt metropolis thoroughfare astatine dusk. The robot has a tiny surface displaying information connected its front. The inheritance is blurred, showing metropolis buildings and long, agleam airy trails from moving traffic.

Uber runs the world's largest ride-hailing and nutrient transportation network, with 199 cardinal monthly progressive level consumers and 3.6 cardinal trips past quarter. The level shifted from cash-burning maturation to a free-cash-flow machine, with absorption leaning into autonomy arsenic the adjacent decade's flywheel.

Shares are down from $92.65 astatine the Q3 2025 net study to existent levels, with the 52-week precocious of $101.99 present distant.

Why the Bulls See a Compounder connected Sale

Q1 2026 delivered Gross Bookings of $53.72 billion, up 25% twelvemonth implicit year, operating income of $1.923 billion, up 56.6%, and escaped currency travel of $2.286 billion. Non-GAAP EPS grew 44% twelvemonth implicit year, and Uber returned $3.011 cardinal done buybacks successful a azygous quarter.

Valuation sits astatine trailing PE of 18 and escaped currency travel output of 6.76%. Bulls reason the WeRide, Wayve, Lucid, and Nuro partnerships presumption Uber arsenic the asset-light request aggregator of autonomy. Jim Cramer precocious flagged the sanction arsenic "down 29% from its each clip high" portion net compound adjacent 40%. Kevin Warsh's debut Fed gathering frames a hawkish authorities punishing long-duration tech multiples.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Uber didn't marque the cut. Grab the names FREE today.

Why the Bears See a Multiple Trap

Uber's 200-day moving mean sits astatine $82.41, good supra existent levels. Margin unit from overseas equity revaluations has been relentless: a $1.50 cardinal pre-tax headwind successful Q1 aft a $1.6 cardinal deed successful Q4, dragging GAAP nett income down 85.19%.

A Consumer Reports probe alleging AI-driven terms discrimination, intensifying Waymo and Tesla competition, and an unprofitable Freight conception adhd unit to the de-rating story.

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