Truist maintains Uber stock Buy rating and $92 target

Thursday, May 8, 2025 - Truist Securities has reiterated its Buy rating and $92.00 price target for Uber Inc. (NYSE:UBER), following the company’s first-quarter results and second-quarter outlook. The assessment indicates that Uber is effectively navigating the Mobility and Delivery sectors, despite some challenges. According to InvestingPro data, three analysts have recently revised their earnings estimates upward, with analyst targets ranging from $68 to $115 per share. The company maintains a "GREAT" financial health score of 3.48 out of 5.

Truist’s analysis acknowledges Uber’s solid performance, noting that the company’s first-quarter results and guidance for the second quarter of 2025 demonstrate robust demand in both Mobility and Delivery. While Uber’s growth in gross bookings (GB) and revenue did not meet consensus expectations due to pricing headwinds, InvestingPro data shows impressive revenue growth of 17.96% over the last twelve months, with total revenue reaching $43.98 billion. Nonetheless, management is recognized for operating within its three-year guidance for GB’s compound annual growth rate (CAGR) in the mid-to-high teens and adjusted EBITDA CAGR of high 30s to 40 percent, spanning fiscal years 2024 to 2026.

The commentary from Truist highlights autonomous vehicles (AVs) as both the largest risk and opportunity for Uber in the medium to long term. The firm points out that Uber’s management is making tangible progress through an increasing number of partnerships. With a substantial market capitalization of $174.93 billion and a P/E ratio of 15.16, Uber is positioned as the preferred distribution partner for AV technology platforms, although the timing and economics of a wide-scale rollout remain uncertain. For deeper insights into Uber’s valuation and growth potential, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers this and 1,400+ other top US stocks.

The analyst from Truist Securities, without being named, provided insights into Uber’s strategic moves and market position. The analyst’s statement underscores the company’s adept execution against ambitious expectations and the ongoing development in the autonomous vehicle space.

Uber’s stock performance and future prospects are closely tied to its strategic initiatives and market conditions. As the company continues to evolve and expand its services, it remains a focal point for investors monitoring the Mobility and Delivery markets.

In other recent news, Uber Technologies Inc . has been the subject of various analyst evaluations following its latest financial disclosures. Uber’s first-quarter results showed a 13.7% year-over-year increase in gross bookings to $32.8 billion, with an adjusted EBITDA of $1.9 billion, slightly surpassing expectations. Despite a downgrade from Wedbush Securities to a "Neutral" rating, the firm raised its price target to $85, highlighting a mixed response to Uber’s earnings. Meanwhile, Susquehanna raised its price target to $100, citing a positive outlook on Uber’s profitability, with an 11% increase in EPS projections for 2025.

Bernstein maintained an Outperform rating with a $95 price target, expressing confidence in Uber’s strategic direction and noting positive dynamics in the Mobility and Delivery segments. Barclays (LON:BARC) also increased its price target to $97, maintaining an Overweight rating and emphasizing Uber’s strategic moves in the autonomous vehicle space. KeyBanc Capital Markets raised its price target to $90, focusing on Uber’s growth areas such as advertising and its partnership with Waymo in autonomous vehicles.

These analyst updates reflect a generally optimistic view of Uber’s future financial performance, with several firms adjusting their price targets upwards. The company’s ongoing developments in autonomous vehicles and delivery services are seen as positive indicators for long-term growth. Investors are closely monitoring these strategic initiatives and their potential impact on Uber’s market position.

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