Uber Stock Today: Earnings Momentum, S&P Outlook Upgrade and Robotaxis Shape the Next Leg for UBER

Uber Technologies, Inc. (NYSE: UBER) is back in the market spotlight as of 29 November 2025, with its share price recovering from an early‑November earnings sell‑off while fresh news on credit ratings, autonomous vehicles and international expansion reshapes the narrative around the stock.

Uber share price on 29 November 2025

As of trading on 29 November 2025, Uber stock is changing hands at around $87.5 per share. That puts UBER:

Within a day range of roughly $86.24–$87.62
In a 52‑week range of about $59.33–$101.99 ^[1]
Up roughly 20–22% over the past 12 months, according to data from multiple price-history providers. ^[2]

The stock is still trading meaningfully below its 52‑week high near $102, leaving it about 15–20% under that peak depending on the intraday price you use. ^[3]

Uber’s market capitalisation currently sits in the high‑$170 billion to low‑$190 billion range, with roughly 2.0–2.1 billion shares outstanding. ^[4]

On a trailing basis, several data providers peg Uber’s earnings per share around $7.7 and its P/E ratio close to 11–12x, far below many high‑growth tech peers. ^[5]

Q3 2025 earnings: record scale, legal drag and a volatile market reaction

The key fundamental catalyst for Uber this month was its third‑quarter 2025 earnings, reported on 4 November.

According to Uber’s own release, for Q3 2025 (three months ended 30 September): ^[6]

Gross bookings (the total dollar value of rides, deliveries and freight) rose 21% year over year to about $49.7 billion.
Revenue increased 20% year over year to roughly $13.5 billion.
Income from operations was about $1.1 billion, up 5% year over year.
Net income surged to $6.6 billion, inflated by a one‑off $4.9 billion tax valuation allowance release and about $1.5 billion of gains on equity investments.
Adjusted EBITDA climbed 33% to around $2.26 billion, with margins expanding versus the prior year.

Zacks Equity Research notes that both earnings and revenue topped consensus estimates, with EPS far above a roughly $0.70 consensus and revenue beating by about $200 million. ^[7]

Yet despite what looked like a textbook “beat and raise,” Uber’s share price fell around 9–10% immediately after the report, according to 24/7 Wall St and other market coverage. ^[8]

Why did the stock drop on strong numbers?

Several factors bothered investors:

Legal and regulatory charges hit profitability. Reuters reported that Uber’s operating income of about $1.11 billion was significantly below analyst expectations (roughly $1.6 billion), with the gap driven by higher‑than‑expected legal, tax and regulatory costs. ^[9]
Guidance was good, but not spectacular. For Q4 2025, Uber guided to gross bookings of $52.25–$53.75 billion (17–21% year‑over‑year growth) and adjusted EBITDA of $2.41–$2.51 billion (31–36% growth). That range broadly aligns with, but doesn’t dramatically exceed, Wall Street expectations. ^[10]
One‑off tax benefits complicate the earnings picture. The large tax valuation release boosts GAAP net income and EPS but doesn’t reflect ongoing operating performance, so some investors lean on adjusted metrics that look less explosive. ^[11]

In short, the operational momentum is strong—trips grew 22%, and both mobility and delivery revenue rose double digits—but investors are still sensitive to legal overhangs and the sustainability of margins. ^[12]

S&P revises Uber’s credit outlook to “Positive”

Another important November development came from the credit‑rating world. S&P Global Ratings revised Uber’s outlook to “Positive” while affirming its existing rating, citing improving organic business prospects and growing free cash flow. ^[13]

S&P’s move essentially signals that, if Uber continues to execute on its growth and cash‑generation plans, a credit upgrade is on the table. For equity holders, a stronger credit profile can:

lower borrowing costs,
give Uber more flexibility to return capital via buybacks or future dividends, and
generally act as an external validation of the company’s financial trajectory.

Simply Wall St, using its own discounted cash flow model, goes further, estimating an intrinsic value of about $168 per share, implying the stock could be trading at roughly a 49% discount to fair value. ^[14]

That is, of course, one model and not a guarantee—but it shows how much of the market debate has shifted from “Can Uber ever make money?” to “How much is this cash‑generating platform actually worth?”

Robotaxis in Abu Dhabi: Uber’s biggest autonomy headline of the week

On 26 November, Uber and Chinese autonomous‑driving specialist WeRide launched fully driverless robotaxis in Abu Dhabi, marking: ^[15]

the first fully driverless operations on Uber’s platform outside the United States, and
the first such deployment in the Middle East.

Riders who request UberX or Uber Comfort in Abu Dhabi can now be matched with a WeRide robotaxi, with plans to expand beyond the city core by the end of 2025. ^[16]

This rollout matters for the stock because it shows:

Uber is willing to integrate third‑party autonomous technology rather than building everything in‑house.
Regulators in at least some regions are comfortable allowing Level 4 driverless operations under Uber’s brand.
It strengthens the narrative that autonomy could structurally lower driver costs over the long term, even if near‑term revenue from these pilots is modest.

At the same time, autonomy adds execution and regulatory risk. Any safety incidents or regulatory pushback in Abu Dhabi—or later rollouts—could weigh on investor sentiment even if the financial contribution is still small.

Delivery robots and last‑mile automation: UK rollout and Serve Robotics tie‑up

It’s not just robotaxis. November’s news flow highlights Uber’s broader bet on robotic last‑mile delivery:

In the UK, Uber Eats is set to roll out autonomous delivery robots in December 2025, starting in Leeds and Sheffield, in partnership with Starship Technologies. The initial fleet is expected to operate at Level 4 autonomy, delivering food within a roughly 2‑mile radius in under 30 minutes. ^[17]
In the US, Uber is a major shareholder and strategic partner of Serve Robotics. A recent article notes that Serve plans to deploy 2,000 of its Gen3 sidewalk robots into the Uber Eats network across major US cities such as Los Angeles, Miami, Atlanta and Chicago by the end of 2025, with the goal that each robot can pay for itself in under a year once fully utilised. ^[18]

Both partnerships reinforce a long‑term thesis: Uber wants to reduce per‑order delivery costs and improve margins by shifting some volume away from human couriers, especially for short‑distance orders where robots make sense.

For UBER stock, the financial impact in 2025 is likely limited, but investors are treating these moves as optionality on future margin expansion in the Eats and retail segments.

Food delivery consolidation: potential Getir Food deal in Turkey

On the M&A front, Reuters reported that Uber is in advanced talks to acquire Getir Food, the food‑delivery arm of Turkish quick‑commerce player Getir, from Abu Dhabi’s sovereign wealth fund Mubadala. ^[19]

Key points from the report:

The proposal has been submitted to Turkey’s Competition Board for approval.
The transaction value has not been disclosed, and sources emphasise that a final deal is not guaranteed.
Uber already agreed in May to acquire a majority stake in Trendyol GO, another major Turkish delivery platform, for about $700 million, and integrating Getir Food would significantly strengthen its market share in Turkey’s delivery space. ^[20]

For investors, the Getir Food talks signal that Uber is prepared to consolidate fragmented international markets rather than fight endless discounting wars. But the deal also raises questions about:

Regulatory risk (competition authorities could impose conditions or block the deal), and
Capital allocation, given Uber’s parallel commitments to buybacks, debt reduction and technological investments.

Retail expansion: PacSun, Camping World and Lush join Uber’s platform

On 25 November, Uber announced it is expanding its US retail offering by adding PacSun, Camping World and Lush to the Uber and Uber Eats apps ahead of the Black Friday and holiday season. ^[21]

According to the company:

Shoppers in the US can now order from hundreds of these retailers’ locations, accessing fashion, outdoor gear and beauty products for on‑demand delivery.
The move builds on Uber’s push to make Eats a destination for retail delivery, not just meals and groceries.
Since the start of 2025, Uber says it has added more than 1,000 new retailers globally and over 50,000 retail locations in the US alone. ^[22]

Strategically, this helps:

Improve order density for drivers and couriers,
Increase Uber One membership value (with $0 delivery fees on eligible orders), and
Diversify revenue beyond food, making Uber a broader commerce logistics platform.

For the stock, retail expansion is another driver of gross bookings growth and an argument for viewing Uber as an asset‑light logistics and marketplace company, not just a ride‑hailing app.

Legal and regulatory overhangs: antitrust lawsuit and global rules

Despite the upbeat growth story, November also brought reminders that Uber operates under a heavy legal and regulatory microscope.

New US class action over alleged fare inflation

On 25 November, Reuters reported that several taxi‑hailing app companies—including Curb Mobility, Flywheel Technologies and Creative Mobile Technologies (ARRO)—are facing a proposed class action in US federal court for allegedly colluding with Uber to keep passenger prices artificially high. ^[23]

Important details:

The lawsuit claims that integration of these taxi apps with Uber in 2022 led to “uniform or near‑uniform pricing” between Uber rides and taxis booked via the apps.
The plaintiff is seeking class‑action status on behalf of millions of ride‑hail customers in major US cities such as New York, Chicago, San Francisco, Boston, Seattle and Washington, D.C. ^[24]
Uber is not named as a defendant in the suit, but its business arrangements are central to the allegations.

Even without Uber as a formal defendant, any antitrust case that frames Uber as helping to “suppress competition” can be a headline risk and could invite regulatory scrutiny of its partnerships and pricing practices. ^[25]

Hong Kong: regulation and safety initiatives

Meanwhile, in Hong Kong, Uber has been on the front foot:

In October, the company welcomed the government’s decision to formally regulate ridesharing, calling it a milestone in integrating services like Uber into the city’s transport system under clear rules. ^[26]
On 1 November, Uber launched “Uber Car Seat”, Hong Kong’s first in‑app child car‑seat option, aligning with new safety regulations. The service lets riders request vehicles equipped with appropriate child restraints for different age brackets. ^[27]

These moves suggest Uber is leaning into regulation in some markets rather than fighting it, an approach that can reduce long‑term uncertainty and support its license to operate, even if it adds near‑term compliance costs.

What Wall Street is saying about UBER stock

Analyst sentiment toward Uber remains broadly positive heading into year‑end 2025.

MarketBeat data show that: ^[28]

Uber carries a “Moderate Buy” consensus rating.
The average analyst price target is around $108 per share, implying significant upside from current levels.
Some price targets run as high as $135, even after Guggenheim trimmed its target from $140 to $135 earlier this month.

Other recent commentary from major houses (including Truist Financial and Sanford C. Bernstein) has highlighted Uber’s:

strong execution in mobility and delivery,
improving free cash flow profile, and
potential operating leverage as newer segments like advertising, retail and autonomy scale. ^[29]

At the same time, articles from outlets like Simply Wall St and Yahoo Finance emphasise that valuation is heavily model‑dependent:

Simply Wall St’s DCF model sees Uber as nearly 50% undervalued, with an estimated fair value above $160. ^[30]
More conservative narratives suggest fair value closer to $75–$110 depending on long‑term growth and margin assumptions. ^[31]

For investors, that spread underscores how much the long‑term story (autonomy, AI‑driven logistics, global regulation) matters when you try to value Uber, not just next quarter’s numbers.

Flows and ownership: institutions trim, but remain heavily invested

Institutional investors still own the bulk of Uber’s float. One recent MarketBeat note highlighted that: ^[32]

Level Four Advisory Services LLC trimmed its Uber position by about 11.8%, but still holds over 169,000 shares worth roughly $15.8 million, making Uber its 28th‑largest holding.
Overall, institutions hold around 80% of Uber’s outstanding shares, with several large asset managers adding to positions even as some firms take profits.

The same report flagged that corporate insiders have sold tens of millions of dollars’ worth of stock in recent months—common in high‑performing tech names, but something traders watch closely for sentiment signals. ^[33]

Key themes for Uber stock heading into 2026

Pulling the current news together, several themes will likely drive UBER’s performance over the next 12–18 months:

Sustaining growth while normalising legal costs
- Management is guiding to high‑teens to low‑20s gross bookings growth and accelerating adjusted EBITDA in Q4 2025. ^[34]
- Investors will be watching whether legal and regulatory charges remain elevated or fade, allowing more of that growth to flow to the bottom line.
Credit and balance‑sheet strength
- S&P’s Positive outlook makes an eventual upgrade plausible if free cash flow continues to build and leverage stays in check. ^[35]
Autonomy and robotics execution
- Abu Dhabi robotaxis, UK delivery robots and the Serve Robotics rollout give Uber multiple ways to drive long‑term margin improvement, but they also introduce technological and regulatory risk. ^[36]
International expansion and M&A discipline
- The proposed Getir Food acquisition in Turkey illustrates Uber’s willingness to buy market share where it sees strategic value. How the Competition Board rules, and how Uber integrates any acquired assets, will be closely watched. ^[37]
Regulatory backdrop and public perception
- From the US antitrust class action to new legal frameworks in Hong Kong, regulators are actively shaping Uber’s operating environment. Uber’s ability to cooperate with regulators while defending its business model could be as important as any technology bet. ^[38]
Valuation versus growth
- At roughly 11–12x trailing earnings and a forward valuation that many see as modest for a platform business, Uber’s stock continues to sit at the crossroads of growth and value—with plenty of disagreement over which description fits better. ^[39]