Uber Stock Falls 8% in 2026, But Analysts See 38% Upside From Here
TLDR
- Uber stock is down about 8% year to date, trading around $75, despite stronger financials
- Q2 revenue rose 12.2% year over year to $14.19 billion, with EPS of $0.81, beating estimates
- Delivery segment grew 28% year over year and now makes up more than one-third of total sales
- Uber trades at a P/E of roughly 17, far below food delivery rival DoorDash’s P/E of around 110
- Analyst consensus is “Moderate Buy” with an average price target of $104.25
Uber stock opened Thursday at $75.27, down around 8% year to date, even as the company posted solid second-quarter results.
Q2 revenue came in at $14.19 billion, up 12.2% year over year, just slightly below analyst expectations of $14.24 billion. EPS of $0.81 edged past the consensus estimate of $0.80.
CEO Dara Khosrowshahi noted that Uber added more first-time users over the past 12 months than in any period over the last five years. Monthly active platform consumers rose 16% year over year, with trips up 18%.
The delivery business is doing the heavy lifting. The segment grew 28% year over year in Q2, while the transportation side posted just 1% growth. Delivery now accounts for more than one-third of total revenue.
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