December 17, 2025 — Uber Technologies, Inc. (NYSE: UBER) stock is under pressure again as investors digest a fresh wave of regulatory headlines tied to Uber’s subscription business, alongside a new analyst price-target adjustment that underscores how sentiment has cooled after a strong 2025 run.
As of late trading on Dec. 17, Uber stock was at $80.06, down $0.86 (-1.06%) on the day, with the session ranging from $79.26 to $81.47.
While Uber remains one of the most closely watched mobility and delivery names on Wall Street, the market’s near-term focus has shifted sharply toward legal and regulatory risk—especially around Uber One—and whether that risk could force changes to subscription flows, refunds, penalties, or marketing practices.
Uber stock price check: where UBER stands on Dec. 17, 2025
Uber shares are extending a recent slide that began earlier this week after regulators expanded legal action. Recent price action highlights the shift:
- Dec. 17 close/late trade:$80.06 (down about 1%).
- Dec. 16 close (Tuesday):$80.92 (down 1.15%) and reported as a third straight down day, with elevated volume compared with the recent average. [1]
- Uber has also been reported as trading roughly ~20%+ below its 52-week high of $101.99 (Sept. 22, 2025). [2]
That drawdown matters because Uber spent much of 2025 in a “premium narrative” trade: expanding margins, growing bookings, and increasingly being valued as a scaled platform—not just a ride-hailing app. The latest headlines have temporarily flipped the conversation back to consumer protection, subscription friction, and legal costs.
The biggest catalyst: FTC and states expand Uber One lawsuit (what’s alleged—and Uber’s response)
The dominant story weighing on Uber stock this week is the U.S. Federal Trade Commission action—now broadened with state participation.
What regulators allege
On Dec. 15, 2025, the FTC said it—joined by 21 states and the District of Columbia—filed an amended complaint alleging Uber:
- charged consumers for subscriptions without consent,
- failed to deliver promised benefits (including $0 delivery fees and promised savings), and
- made cancellations difficult despite “cancel anytime” messaging. [3]
The FTC press release states the amended complaint includes a request for civil penalties for alleged violations of the Restore Online Shoppers’ Confidence Act (ROSCA) and state laws. [4]
Regulators also highlighted claims that users could be forced to navigate up to 23 screens and take as many as 32 actions to cancel. [5]
Which states joined?
In addition to D.C., the FTC listed the states joining as: Alabama, Arizona, California, Connecticut, Illinois, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Virginia, West Virginia, and Wisconsin. [6]
Uber’s response
Uber has denied the allegations. Reuters reported Uber said it does not sign up or charge consumers without consent and argued that “the majority of cancellations take 20 seconds or less,” adding that prior to December 2024, users within 48 hours of their next billing period had to contact support to cancel. [7]
Why this matters for Uber stock
For investors, the key question is not just whether Uber ultimately wins or settles—but what operational changes might be required in the meantime. Subscription businesses are sensitive to:
- sign-up friction (how clearly terms are presented),
- churn friction (how easy it is to cancel),
- and brand trust (especially for recurring charges).
Even if the financial impact proves manageable, the overhang can compress valuation multiples in the short term—particularly while the market waits for clarity on penalties, remedies, or any mandated changes.
Analyst action today: RBC trims Uber price target (but keeps Outperform)
On Dec. 17, 2025, RBC lowered its price target on Uber to $105 from $110, while maintaining an Outperform rating, according to MT Newswires coverage carried by MarketScreener/MarketScreener’s feed. [8]
A target cut with a maintained bullish rating often signals a valuation reset rather than a full thesis break—particularly after a sharp pullback. Still, it contributes to the narrative that analysts are recalibrating expectations in the face of legal and regulatory uncertainty.
Uber stock forecast: where Wall Street price targets and ratings stand on Dec. 17
Despite the drawdown, aggregated analyst consensus remains broadly constructive—though the exact wording differs by data provider.
- Stock Analysis lists Uber with a consensus rating of “Strong Buy” and an average price target of about $108.94. [9]
- MarketBeat lists a consensus of “Moderate Buy” and an average price target of about $108.60. [10]
Using today’s price near $80, those averages imply potential upside of roughly 35%–36% if targets were reached (and if the legal overhang fades). [11]
Notable target dispersion (why forecasts differ so much)
Uber’s price targets remain unusually dispersed for a mega-cap consumer-tech platform because investors disagree on two major variables:
- How durable margin expansion will be (especially with regulatory costs and incentives),
- How autonomy (robotaxis) changes the unit economics for platforms like Uber—whether it becomes a tailwind (more supply, better reliability) or a structural threat (OEMs and AV networks disintermediate aggregators).
The autonomy angle is heating up again—Uber is leaning into partnerships, not building its own robotaxis
A growing slice of Uber’s long-term narrative is tied to how it positions itself in an autonomous future. Recent reporting highlights Uber CEO Dara Khosrowshahi’s view that robotaxis could become a “trillion-dollar-plus” opportunity and that Uber expects to be in 10-plus markets next year, with a particular emphasis on Asia-Pacific expansion. [12]
The same report notes Uber works with more than 20 autonomous-vehicle partners, including Baidu, WeRide, Pony.ai, and Waymo. [13]
Stock takeaway: Autonomy remains a double-edged sword for Uber stock. A strong partner network can expand supply and reduce reliance on human drivers long term—but it also keeps investors watching whether autonomy shifts bargaining power away from platforms.
Recent business updates: delivery and engagement initiatives continue
While legal headlines dominate the tape, Uber has continued to push product and commerce updates aimed at increasing engagement and expanding its merchant footprint.
Uber Direct + Shopify
Uber announced an integration that brings Uber Direct into Shopify, enabling businesses to offer delivery options via the Shopify platform. [14]
YOUBER year-in-review feature
Uber also launched a “year-in-review”-style experience called YOUBER, designed to summarize user activity across rides and eats—an engagement play that may help social sharing and retention. [15]
These initiatives don’t typically move the stock day-to-day, but they reinforce the longer-term thesis that Uber is building a broader commerce and local logistics ecosystem—not just a rides business.
One more lens on the pullback: sentiment vs. fundamentals
A recent analysis from Trefis argued that Uber’s roughly ~10% slide over the past month (in that analysis, from about $94 to $84) has been driven more by sentiment than by a deterioration in the company’s underlying operating performance. [16]
That view aligns with what many investors are debating this week:
- Bull case: legal headlines are transitory; Uber’s scale, cross-selling, and improving profitability remain intact.
- Bear case: recurring regulatory friction is structural and will keep raising costs, limiting long-term margin expansion.
What to watch next for Uber stock: earnings date signals and key catalysts
Next earnings: early February 2026 (but calendars disagree)
Earnings calendars are currently not fully aligned on Uber’s next report date:
- Nasdaq shows Uber is estimated to report around Feb. 4, 2026 (and notes the date is derived algorithmically). [17]
- TipRanks lists Feb. 11, 2026 (After Close) as confirmed for the Q4 2025 period. [18]
- Investing.com also lists Feb. 11, 2026 for the next earnings report. [19]
Given the mismatch, investors should watch for Uber’s official “earnings call date” press release on its investor relations site when announced.
The three near-term questions that could drive UBER shares
- Legal path and remedies: Will the Uber One case accelerate toward settlement, or become a multi-year litigation overhang? [20]
- Subscription economics: Does Uber change cancellation UX or free-trial flows—and if so, does that change churn? [21]
- Margin durability into 2026: Even with bookings growth, can Uber keep expanding profitability while navigating incentives, insurance costs, and regulation?
Bottom line for Dec. 17, 2025
Uber stock is trading like a company in a “headline risk” window: the core operating story is still intact for many bulls, but the market is demanding clarity on Uber One practices and potential consequences. With shares around $80, analysts’ average targets near $109 suggest meaningful upside if legal uncertainty fades and growth remains steady—but the next few weeks may remain volatility-prone as the regulatory story develops. [22]
References
1. www.marketwatch.com, 2. www.marketwatch.com, 3. www.reuters.com, 4. www.ftc.gov, 5. www.reuters.com, 6. www.ftc.gov, 7. www.reuters.com, 8. www.marketscreener.com, 9. stockanalysis.com, 10. www.marketbeat.com, 11. stockanalysis.com, 12. www.businessinsider.com, 13. www.businessinsider.com, 14. www.uber.com, 15. www.sfchronicle.com, 16. www.trefis.com, 17. www.nasdaq.com, 18. www.tipranks.com, 19. www.investing.com, 20. www.ftc.gov, 21. www.reuters.com, 22. stockanalysis.com
