Key Takeaways
- Uber stock was recently trading around $81.85, down about 1.8% from Thursday’s close and extending a sharp sell-off that began on November 20. [1]
- The drop follows a week of post–earnings volatility: Q3 2025 revenue and earnings beat expectations, but cautious guidance and legal costs weighed on sentiment even as demand and trips hit record levels. [2]
- Fresh headlines today highlight bullish analyst and media coverage, active institutional trading in Uber shares, and new gig-worker welfare rules in India that will require platforms like Uber to contribute 1–2% of annual turnover. [3]
- Long-term growth narratives around robotaxis and autonomous delivery were reinforced this month by Uber’s partnerships with NVIDIA, Lucid/Nuro and Starship Technologies, even as regulators in California and elsewhere scrutinize self‑driving services. [4]
All prices and figures in this article refer to conditions as of Friday, November 21, 2025, and may change intraday.
Uber Stock Price Today: Extending a Sharp Pullback
As of the latest quote on Friday, Uber Technologies Inc. (NYSE: UBER) was trading around $81.85 per share. That’s down roughly 1.8% from Thursday’s close near $83.36, adding to a heavy decline earlier in the week. [5]
On Thursday, November 20, Uber shares plunged nearly 6.9%, with trading volume surging to about $3.54 billion, more than double typical levels. [6] Intraday, the stock at one point was down around 5.6% and on pace for its largest percentage decline since April, briefly threatening its lowest close since June 20, 2025. [7] Alternative data provider QuiverQuant also flagged Uber as one of its most‑searched tickers, noting an ~8% drop in a single session on heavy volume. [8]
Even after this week’s sell‑off, Uber remains far above its pandemic lows. The stock hit an all‑time high of about $101.99 on September 22, 2025, compared with an all‑time low around $13.71 in March 2020. At today’s levels, shares trade roughly 20% below that recent peak. [9]
Fundamentally, TradingView data show Uber with a market capitalization near $186 billion, trailing twelve‑month earnings per share of about $7.94, revenue of roughly $44 billion, and a trailing P/E ratio around 11.5—unusually low for a high‑growth tech‑enabled platform. [10]
The Earnings Overhang: Strong Quarter, Edgy Guidance
Q3 2025: Beat on Growth, Market Frets on the Outlook
Uber’s current volatility is still anchored in its Q3 2025 earnings report, released on November 4. The company posted: [11]
- Revenue of $13.5 billion, up about 20% year over year
- Gross bookings of $49.7 billion, growing 21% year over year
- Trips up 22% to 3.5 billion, the fastest growth since 2023
- Income from operations around $1.1 billion
According to one earnings recap, Uber delivered a significant earnings surprise: EPS came in well ahead of analyst expectations (with an estimated 70%+ upside surprise) and revenue also modestly beat forecasts, highlighting strong operating leverage and cost control. [12]
The problem, from the market’s perspective, wasn’t the past quarter—it was the tone of the guidance. Uber guided for Q4 2025 gross bookings of $52.25–$53.75 billion, implying 17–21% growth, and projected adjusted EBITDA of $2.41–$2.51 billion, implying 31–36% year‑over‑year growth. [13] Those numbers are solid, but some investors had hoped for even more aggressive margin expansion.
A Bloomberg report noted that despite strong user and trip growth, Uber’s shares fell the most in about 11 months after management issued a more cautious adjusted earnings outlook and flagged legal charges that could weigh on profitability. [14] That disappointment has continued to echo through this week’s trading.
Forward Guidance: From EBITDA to EPS
Post‑earnings, Uber also announced a change in how it communicates guidance. Starting in Q1 2026, the company plans to replace its quarterly adjusted EBITDA guidance with a focus on adjusted EPS, aligning disclosures more directly with shareholders’ per‑share returns. Management stressed that this does not change the three‑year financial outlook it laid out at its 2024 Investor Update. [15]
Analyst platform Simply Wall St notes that, after the latest results, the consensus of 51 analysts calls for 2026 revenue of about $60.1 billion, roughly 21% growth over the last twelve months, while statutory EPS is actually projected to decline to about $3.55 as one‑off gains roll off and investment ramps up again. [16] That combination—strong top‑line growth but noisy, potentially lower near‑term EPS—helps explain why Uber can look cheap on trailing numbers yet still spark debate about its true earnings power.
Today’s Fresh Headlines: Ratings, Flows and New Rules
1. Uber Framed as a Top Pick by Stock Pickers
Several pieces published on November 21, 2025 put Uber squarely in the spotlight:
- A StockStory article titled “2 of Wall Street’s Favorite Stocks Worth Your Attention and 1 We Turn Down” highlights Uber as one of two stocks where Wall Street’s bullish price targets appear justified by fundamentals. It cites a consensus price target of about $110.55, implying roughly 32.5% upside from current levels, and points to rapid growth in Monthly Active Platform Consumers, outsized EPS growth versus revenue, and a sharp improvement in free cash flow margins over recent years. [17]
- Separately, a Motley Fool article under the headline “The Best Stock to Buy Now” focuses on Uber (NYSE: UBER), positioning it as a standout opportunity for long‑term investors. [18]
Together, these pieces reinforce the narrative that—despite the pullback—many stock‑picking services still see Uber as one of the more compelling large‑cap growth stories in the market.
2. Analysts Still Lean Bullish
New data collated by MarketBeat and referenced in several institutional‑holding notes today show that Wall Street remains broadly positive on Uber. Across the analyst universe, two analysts rate the stock “Strong Buy,” about 30 call it a “Buy,” and eight rate it “Hold,” for an overall “Moderate Buy” consensus. The average price target stands near $108.26, comfortably above today’s price. [19]
Other recent research, including an October note from Bernstein with an “Outperform” rating and a $110 price target, underscores that Uber is still widely viewed as a structural winner in ride‑hailing and delivery. [20] A Seeking Alpha analysis of Uber’s partnership with NVIDIA likewise argues that the deal reduces the perceived threat from autonomous‑vehicle competitors and supports a long‑term price target in the $120s. [21]
3. Big Money is Shuffling Its Uber Position
A flurry of 13F‑style filings and summaries dated November 21 show active repositioning by institutional investors:
- Swiss National Bank reported increasing its stake in Uber shares. [22]
- Mediolanum International Funds Ltd disclosed lifting its holding to roughly $60 million and more than doubling its position (over 100% increase) during the second quarter. [23]
- Handelsbanken Fonder AB also boosted its Uber stake significantly—by more than 80% in the same period. [24]
- On the other side, Wealthspire Advisors, Marsico Capital Management and DNB Asset Management all filed reports showing they cut or sold portions of their Uber holdings, including one filing that explicitly notes a sale of 123,611 shares. [25]
While these filings mostly describe position changes during Q2 2025 (and not trades executed today), the news flow on November 21 reflects that Uber remains a high‑conviction, actively traded name across big funds.
Uber also continues to feature prominently in high‑profile portfolios. An article on billionaire Bill Ackman’s three largest holdings lists Uber among Pershing Square’s top positions, underscoring that some long‑term, fundamentals‑driven investors remain firmly in the bull camp. [26]
4. New Gig‑Worker Welfare Rules in India
On the regulatory front, India’s long‑delayed labour codes came into effect on November 21, 2025. Under the new framework, app‑based aggregators such as Uber, Swiggy and Urban Company must contribute 1–2% of their annual turnover towards a social security fund for gig workers’ welfare. [27]
For Uber, India is a key growth market in both mobility and delivery. The new rules are unlikely to be a near‑term profit‑killer on their own, but they do:
- Add a new cost line tied directly to gross revenue
- Signal a global trend toward more formal protections for gig workers
- Increase uncertainty around future regulations in other countries watching India’s model
Investors following Uber’s path to higher margins will want to monitor how the company absorbs or passes on these incremental costs over time.
Autonomous Future: Robotaxis and Delivery Robots
Even as short‑term traders focus on this week’s price action, Uber continues to build out a long‑term autonomous‑mobility and delivery strategy.
NVIDIA Robotaxi Partnership
On October 28, 2025, Uber announced that it is working with NVIDIA to deploy one of the world’s largest networks of autonomous vehicles for ride‑hailing and delivery. Uber plans to use NVIDIA’s DRIVE AGX Hyperion architecture to power Level‑4‑ready robotaxi and delivery fleets worldwide. [28]
A key detail: automaker Stellantis is expected to deliver at least 5,000 NVIDIA‑powered Level 4 vehicles for Uber’s robotaxi operations in the United States and other markets, laying the foundation for a hybrid network of human drivers and robots.
Driverless Rides in San Francisco
Uber is also preparing to launch driverless rides in San Francisco using vehicles from Lucid Group equipped with Nuro’s self‑driving technology, with broader Bay Area deployment expected next year. [29] This puts Uber in more direct competition with Waymo and other robotaxi operators in one of the world’s most closely watched AV markets.
Starship Sidewalk Robots
In company news published November 20, Uber announced a partnership with Starship Technologies to deploy autonomous sidewalk robots for food delivery. The collaboration starts in Leeds, U.K., in December 2025, with expansion plans covering multiple European markets in 2026 and the United States in 2027. [30]
Starship’s Level‑4 robots can reportedly complete deliveries of up to two miles in around 30 minutes and have already handled millions of deliveries across several countries. [31] For Uber, this is another way to boost delivery efficiency and reduce per‑order costs, especially in dense urban areas.
Regulatory Pushback and California Rules
Autonomy isn’t just a tech story—it’s a regulatory one. A recent Business Insider report describes how Tesla, Waymo and Uber are lobbying regulators in California over proposed robotaxi rules, including debates about data disclosure and restrictions on “misleading” marketing. [32] Uber’s willingness to push for clearer, workable rules suggests regulatory outcomes will be a key swing factor for the valuation of its AV strategy.
Options Market and Volatility Signals
The options market around Uber has been busy as traders react to earnings and this week’s sell‑off:
- Quantcha data show Uber with implied volatility around 40.9% for strategies expiring November 21, 2025, and model a roughly 76.5% probability that the stock finishes in a wide range between about $80.80 and $116.26. [33]
- Options chains for strikes near the money (for example, $84 and $91 calls expiring today) show active trading and substantial open interest, reinforcing the idea that Uber is a favorite vehicle for short‑term speculation as well as long‑term investing. [34]
Bank of America has also structured new securities linked to Uber stock with a pricing date of November 21, 2025 and maturity in late 2026, further evidence that banks see healthy investor demand for Uber‑tied derivatives. [35]
How Wall Street Is Framing Uber Right Now
If you zoom out from the day‑to‑day volatility, a few themes stand out:
- Growth Story Still Intact
- Profitability Has Arrived, But It’s Messy
- Uber now prints billions in annual net income, with TTM profit near $9.9 billion, yet upcoming periods may see earnings normalize lower as one‑time items fade and investments step up. [38]
- The shift from EBITDA guidance to EPS guidance suggests management wants investors to focus more squarely on per‑share value creation. [39]
- Valuation vs. Risk Debate
- On trailing numbers, a P/E around 11–12 looks inexpensive for a business with Uber’s growth profile. [40]
- However, regulatory risks (gig‑worker rules, AV regulation, legal charges) and the cyclicality of discretionary travel and delivery keep a risk premium embedded in the stock.
- Consensus: Moderately Bullish
- The bulk of analysts and stock‑picking services covering Uber still frame it as a buy‑rated name with roughly 25–35% upside based on average price targets around $108–$111. [41]
What Today’s News Means for Investors
For current or prospective shareholders, Friday’s news flow around Uber stock points to a tug‑of‑war between short‑term fear and long‑term optimism:
- The price action—two days of sharp declines on big volume—shows that expectations were elevated after the stock’s run to all‑time highs, and that any hint of slower margin expansion or new regulatory costs can trigger a quick reset. [42]
- At the same time, analysts, major funds and high‑profile stock pickers are mostly treating the pullback as a valuation adjustment, not the end of the growth story. Articles today naming Uber among Wall Street favorites and “best stocks to buy now”, combined with a consensus “Moderate Buy” rating and double‑digit upside targets, support that view. [43]
- Structural trends still favor Uber: urbanization, e‑commerce, on‑demand services and the gradual commercialization of robotaxis and delivery robots all play into the company’s strengths—provided it can navigate regulation and competition effectively. [44]
None of this guarantees future returns, and Uber’s recent swings are a reminder that even “consensus winners” can be volatile. For investors, the practical takeaway from today’s developments is:
- Short‑term traders will likely continue to focus on the options market, technical levels around $80 support and the reaction to any new regulatory headlines. [45]
- Long‑term investors may see the combination of a cheaper valuation, strong fundamental growth, and ongoing autonomous‑tech partnerships as a chance to revisit the thesis—while keeping a close eye on how gig‑worker rules, AV regulation and future legal expenses evolve.
This article is for information and news purposes only and is not financial advice. Anyone considering Uber stock should evaluate their own risk tolerance, time horizon and financial situation, and, if needed, consult a qualified adviser.
References
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