New York, May 16, 2026, 15:02 (EDT)
- Uber finished Friday at $75.09, climbing 0.54% for the session. But shares ended the week off roughly 0.5% from last Friday’s close.
- The stock gave up its post-earnings jump, with investors looking past strong bookings and focusing on fuel, rates and robotaxi risk.
- U.S. cash markets are closed for the weekend, leaving Monday to see if buyers are sticking with the demand story.
Uber Technologies shares edged up Friday, but the stock slipped over the week. Uber finished at $75.09, rising 0.54% on the day after closing at $75.45 the week before. That follows its sharp 8.53% jump on May 6 after reporting first-quarter numbers. The Nasdaq dropped 1.54% and the S&P 500 slid 1.24% Friday, with oil and Treasury yields climbing.
The problem isn’t demand—people keep booking rides and food deliveries. For investors, the real question is if that trend can last as costs like fuel, inflation, autonomous-vehicle spending and rising bond yields put more weight on the stock.
Uber is now calling for second-quarter gross bookings of $56.25 billion to $57.75 billion, topping analyst estimates put together by LSEG, according to Reuters. Adam Ballantyne, a senior analyst at Cambiar Investors, described the company’s outlook as showing “durable demand,” and said there’s still room for Uber to grow in U.S. suburbs and overseas markets. Reuters
Uber’s first-quarter results showed a lift for the bulls. Trips were up 20% year-over-year at 3.64 billion. Gross bookings gained 25% to $53.7 billion, revenue came in 14% higher at $13.2 billion. Adjusted EBITDA, which leaves out interest, taxes, some costs, jumped 33% to $2.48 billion. CEO Dara Khosrowshahi said Uber is “deepening the role” it has in daily life. Finance chief Balaji Krishnamurthy flagged a “capital-efficient approach to AVs,” meaning autonomous vehicles. Uber Investor Relations
Still, shares lost ground after the initial jump on earnings. The stock surged on May 6 but then slipped on May 7, May 8 and May 13. Friday’s uptick ended up looking like a pause, not a full reversal.
SEC filing on Friday showed Pershing Square Capital Management, led by Bill Ackman, held 29,958,771 shares of Uber, worth around $2.15 billion at the end of March. The fund’s 13F, which gives a quarterly look at institutional holdings, makes clear Uber was one of its big stock bets as of March 31. The report is backward-looking but still confirms Uber was a large reported position last quarter.
DoorDash shares gained after its solid quarterly forecast, though the peer read stayed mixed. Morningstar analyst Mark Giarelli said consumer health was in focus but so far “hasn’t materialized” as a business risk. Still, DoorDash pointed to fuel cost pressures. Reuters also pointed out the company’s forward price-to-earnings ratio is much higher than Uber’s. Reuters
Lyft is often seen as a cleaner read on ride-hailing demand, but its latest report left the story mixed. The company guided for second-quarter bookings and adjusted EBITDA above Wall Street’s targets, but shares dropped as first-quarter ride numbers missed. “There was little excitement about the stock,” said Andrew Rocco, stock strategist at Zacks Investment Research. Reuters
Waymo is still the main competitive focus for Uber. Business Insider said this week that Uber execs have been knocking all-autonomous models, even though Waymo—Alphabet’s robotaxi division—is still Uber’s only source for fully autonomous paid rides in the U.S. Uber wants investors to get behind its hybrid play, mixing human drivers in markets that can’t support robotaxis with autonomous cars where they can.
Markets head into the week with a standard setup. The New York Stock Exchange has no weekend cash trading. Regular hours run from 9:30 a.m. to 4 p.m. Eastern Time. Memorial Day on May 25 is the next holiday for the exchange in 2026. Monday’s open will test if Uber’s Friday bounce holds as support or if it was noise in a fading post-earnings move.
But there’s a risk the upbeat story is priced in. Shares could face pressure if oil stays high, rates weigh on growth stocks, or new robotaxi news makes Uber look like it needs to spend more just to compete—less a sure platform bet, more a company getting dragged into heavy investment. Bookings can stay healthy and the stock could still lag. The bear case isn’t a big drop in demand, but slower multiple expansion, weaker margins, and more questions about who ends up with the profit in driverless rides.
