Uber Technologies, Inc. (NYSE: UBER) snapped a two‑day slide on Thursday, December 11, 2025, closing higher and holding those gains in after‑hours trading. The rebound came even as the company faces mounting criticism over its EV strategy, new regulatory challenges in New York City, and ongoing political scrutiny in Europe.
Here’s a complete rundown of how UBER traded after the bell, the biggest headlines from December 11, and the key levels and storylines to monitor before the U.S. stock market opens on Friday, December 12.
Uber stock after the bell on December 11, 2025
- Closing price: Uber shares finished Thursday’s regular session at $85.44, up $1.28 (+1.52%) from Wednesday’s close of $84.16. [1]
- After‑hours action: In post‑market trading, UBER ticked slightly higher to about $85.47, essentially flat versus the close and signaling a calm, wait‑and‑see tone heading into Friday. [2]
- Range and volume: During the session, the stock traded between $83.34 and $85.75 on volume of roughly 23.4 million shares, modestly above its recent average. [3]
From a longer‑term lens, Uber now sits:
- Well above its 52‑week low of $59.33
- Below its 52‑week high of $101.99
- With a market capitalization near $178 billion and a trailing P/E of about 11x on earnings per share of $7.80. [4]
So while Thursday brought some relief after sharp declines earlier in the week, the stock is still trading in the middle of its yearly range — and in the crosswinds of some very mixed headlines.
Why Uber just bounced: fresh news on December 11
Thursday’s rebound didn’t happen in a vacuum. Several positive news items hit the tape, even as bearish stories from earlier in the week continue to hang over the stock.
1. Expansion of grocery and alcohol delivery
Uber announced it is adding three regional retailers to Uber and Uber Eats:
- Stater Bros. Markets in Southern California
- Kowalski’s Markets in Minnesota
- Big Red Liquors in Indiana and the broader Midwest
According to the press release and summary data, these additions help push Uber’s U.S. retail footprint above 50,000 locations, with more than 1,000 retailers added in 2025 alone. [5]
This is strategically important for a few reasons:
- It strengthens Uber Eats and “Shops” versus competitors in the grocery and alcohol categories.
- Regional chains tend to have loyal customer bases, supporting higher repeat order volume.
- Uber One members continue to receive $0 delivery fees on eligible grocery and retail orders, reinforcing the company’s subscription flywheel. [6]
MarketBeat highlighted these new partnerships as one of the core positive catalysts behind Thursday’s move higher, alongside ongoing bullish analyst ratings. [7]
2. DoorDash and Uber sue New York City over tipping mandate
On the regulatory front, Uber and rival DoorDash filed a joint lawsuit against New York City to block a new rule forcing delivery apps to show the tipping prompt at checkout and default it to at least 10% of an order. [8]
The companies argue the law, which is slated to take effect on January 26, 2026, could:
- Increase “sticker shock” for consumers already sensitive to fees and inflation
- Reduce order volumes, hurting both platforms and couriers
Investors are watching this closely, because New York is not only a key market — it’s also a template for other cities that may follow its lead on gig‑economy worker protections and tipping rules.
3. New partnerships: Shopify and autonomous delivery
Thursday’s move also came with lingering momentum from deals announced earlier this week:
- Shopify partnership: Uber Direct is now available to Shopify Plus merchants in the U.S., Canada and France, enabling one‑hour and same‑day local delivery embedded right into the Shopify checkout experience. [9]
- Serve Robotics expansion: Serve Robotics is widening its autonomous delivery network, including new service in Alexandria, Virginia, with deliveries fulfilled via Uber Eats. [10]
These moves deepen Uber’s logistics capabilities and position Uber Direct and Uber Eats not just as food‑delivery apps, but as last‑mile infrastructure for retailers and e‑commerce players.
4. ESG and brand initiatives: Driving Change
In the background, Uber used the UN’s 16 Days of Activism against Gender-Based Violence to spotlight its long‑running Driving Change program, noting:
- Partnerships with 25+ NGOs across multiple continents
- A cumulative $15 million committed since 2017
- Expanded “Women Preferences” features that let women riders and drivers match with other women in more than two dozen cities. [11]
While this doesn’t directly move the stock, ESG and safety narratives matter for institutional investors, particularly at Uber’s scale.
The overhang: EV pullback, European protests and political optics
Despite Thursday’s bounce, Uber is still digesting a brutal news cycle from the last 48 hours.
1. Retreat from aggressive EV incentives
Multiple outlets reported that Uber is scaling back its electric vehicle bonuses and incentives even as the company falls short of its own climate targets:
- An RTTNews report noted that monthly EV bonuses and the $1‑per‑ride incentive in North America have been cut, leaving many drivers who bought expensive EVs counting on those incentives with lower earnings. [12]
- The same piece highlighted that only about 9% of trips in North America are electric, compared with around 15% in Europe and 40% in London, while Uber’s overall emissions have nearly doubled in three years and now exceed those of Denmark. [13]
Opinionated coverage from CleanTechnica and GuruFocus went further, accusing Uber of “abandoning” its climate commitments and aligning with policies from the Trump administration that dilute EV and emissions regulations. [14]
Regardless of one’s political stance, the investment takeaway is clear: Uber’s climate credibility is under scrutiny, which could affect its relationships with regulators, city partners and climate‑conscious consumers.
2. Regulatory heat and taxi protests in Europe
Uber also faces mounting pressure in Europe:
- The Economic Times reported Uber stock fell 3.8% on December 9, closing at $89.07, after taxi protests in Barcelona and renewed worries about stricter European ride‑hailing rules. [15]
- The piece cited more than 1,500 taxis blocking Barcelona’s Gran Via and noted that Uber has been hit with a roughly €290 million fine in the Netherlands over driver‑data transfers, while some European governments consider classifying drivers as employees rather than contractors. [16]
Analysts at Erste Group cut Uber from Buy to Hold, and Morgan Stanley lowered its price target from $115 to $110, though it kept an Overweight rating — signaling that regulators are becoming an increasingly material risk to Uber’s profitability in Europe. [17]
Fundamentals remain strong: a look at Uber’s latest quarter
Underneath the noisy headlines, Uber’s financial performance is robust, which is why many Wall Street firms remain broadly bullish.
Third‑quarter 2025 highlights
In its Q3 2025 earnings release, Uber reported: [18]
- Trips up 22% year over year to 3.5 billion, driven by higher monthly active platform consumers and more trips per user
- Gross bookings up 21% YoY to $49.7 billion
- Revenue rising 20% YoY to $13.5 billion
- Income from operations up to $1.1 billion
- Adjusted EBITDA up 33% YoY to $2.3 billion, with margins improving to 4.5% of gross bookings
- Net income of $6.6 billion, boosted by a $4.9 billion tax valuation benefit
- Free cash flow of $2.2 billion, and $9.1 billion in unrestricted cash and short‑term investments
Q4 2025 guidance
For the current quarter (Q4), Uber guided to: [19]
- Gross bookings between $52.25–$53.75 billion (about 17–21% YoY growth, constant currency)
- Adjusted EBITDA of $2.41–$2.51 billion, implying 31–36% YoY growth
That guidance underpins a key part of the Uber bull case: the company has transitioned from cash burner to cash engine, while still delivering double‑digit growth in both rides and deliveries.
Wall Street’s view: still a “Strong Buy” on average
Despite the recent volatility, the analyst community remains broadly positive:
- StockAnalysis data shows 35 analysts covering UBER with a consensus rating of “Strong Buy.” [20]
- The average 12‑month price target stands at $108.94, implying about 27.5% upside from Thursday’s close. [21]
- Morgan Stanley’s Brian Nowak reiterated Overweight this week while trimming his target from $115 to $110, and Evercore ISI’s Mark Mahaney kept a Buy with a $150 target, according to a summary from Insider Monkey. [22]
Other valuation takes include:
- Simply Wall St’s model suggesting that Uber’s “fair” P/E ratio is around 14.3x, above its actual ~11x, implying undervaluation based on growth and profitability. Their bullish narrative pins fair value around $111 per share, while a bearish narrative argues for a more cautious fair value near $75. [23]
- A Forbes analysis, summarized by StockAnalysis, argued that after a recent 5.5% pullback the stock looks undervalued relative to its roughly 20% three‑year revenue growth rate and expanding margins. [24]
At the same time, there are dissenting views: a Wedbush‑linked list of potential “AI loser” stocks flagged Uber as potentially exposed to disruption at the intersection of AI and mobility, reminding investors that sentiment can turn quickly in high‑growth tech. [25]
Institutional flows: mixed signals under the surface
Recent filings highlight a tug‑of‑war among big money managers:
- Tenere Capital opened a new position, buying 168,600 Uber shares worth about $15.7 million, making Uber roughly 4% of its portfolio and its 14th‑largest holding. [26]
- In contrast, The Manufacturers Life Insurance Company cut its Uber stake by 95.6% in Q2, selling over 52 million shares and keeping roughly 2.4 million shares. [27]
Add in various hedge funds and pension funds that have either added or trimmed positions in recent months, and the picture is one of active rotation, not a one‑way exit or stampede into the stock.
Technical outlook for Friday, December 12, 2025
Short‑term traders will be paying close attention to how UBER behaves around here.
According to technical research site StockInvest.us: [28]
- Uber’s recent action still places it within a “wide and falling” short‑term trend, even with Thursday’s bounce.
- Their system labels UBER a “Sell candidate” (upgraded from “Strong Sell”), expecting the stock could fall about 11% over the next three months, with a 90% range of $71.49–$81.49.
- Key support sits around $84.13 (accumulated volume), while meaningful resistance appears near $92.95.
- For Friday, December 12, they project a “fair opening price” around $84.85 and an intraday trading band roughly between $84.00 and $86.95, based on recent volatility.
Of course, those are purely model‑driven estimates and can be wrong, especially if fresh news hits before the open.
With a beta of about 1.19, Uber tends to move more than the broader market on big macro or sector headlines — something traders should keep in mind in a week when rate expectations, AI sentiment and EV policy are all in flux. [29]
Key things to watch before the December 12 market open
Putting it all together, here are the main questions investors and traders will be asking about Uber before the bell on Friday:
- Does the rebound have legs?
- Thursday’s 1.5% gain came after two tough sessions driven by EV and regulatory headlines. Watch whether pre‑market volume confirms follow‑through buying or if the stock drifts back toward the $84 support zone.
- How will markets digest the NYC tipping lawsuit?
- The case could set a precedent for how much control cities have over app UX and tipping defaults. Any early commentary from city officials or labor groups could sway sentiment. [30]
- EV backlash vs. fundamentals – which narrative wins?
- If investors focus on strong cash flow and Q4 guidance, the EV and climate criticism might be seen as reputation risk but manageable financial risk. If the narrative shifts toward political and regulatory backlash, multiples could compress further. [31]
- Robotaxis and retail: will growth stories re‑assert themselves?
- The Dallas Avride robotaxi rollout, Abu Dhabi driverless taxis with WeRide, and the Shopify/Uber Direct tie‑up all point toward high‑margin growth vectors in autonomy and logistics. Any new commentary or adoption metrics could re‑center the discussion on long‑term upside. [32]
- Analyst and fund‑flow headlines
- More 13F‑style disclosures or fresh research notes — whether bullish like Tenere’s new stake and Mizuho’s reaffirmed Buy, or cautious like Erste’s downgrade — can matter disproportionately when a stock is trading in the middle of its range. [33]
Bottom line
As of the close and immediate after‑hours session on December 11, 2025, Uber stock is attempting to stabilize around the mid‑$80s after a politically charged selloff tied to its EV strategy and European regulatory risks. The company’s fundamentals and consensus analyst view remain strong, but the headline risk is clearly elevated.
Heading into the December 12 open, Uber is a classic battleground name:
- Bulls point to double‑digit growth, expanding margins, new partnerships (Shopify, regional grocers, autonomous delivery) and a consensus target almost 30% above the current price. [34]
- Bears highlight regulatory overhangs in Europe, a perceived retreat on climate commitments, potential brand damage, and technical signals that still flag a downtrend. [35]
For anyone following UBER into Friday’s session, the key will be watching which story — growth and execution, or policy and politics — dominates the tape.
References
1. stockanalysis.com, 2. stockanalysis.com, 3. stockanalysis.com, 4. stockanalysis.com, 5. www.stocktitan.net, 6. www.stocktitan.net, 7. www.marketbeat.com, 8. www.bloomberg.com, 9. www.uber.com, 10. finance.yahoo.com, 11. www.uber.com, 12. www.rttnews.com, 13. www.rttnews.com, 14. cleantechnica.com, 15. m.economictimes.com, 16. m.economictimes.com, 17. m.economictimes.com, 18. s23.q4cdn.com, 19. s23.q4cdn.com, 20. stockanalysis.com, 21. stockanalysis.com, 22. finviz.com, 23. simplywall.st, 24. stockanalysis.com, 25. stockanalysis.com, 26. www.marketbeat.com, 27. www.marketbeat.com, 28. stockinvest.us, 29. stockanalysis.com, 30. www.bloomberg.com, 31. www.rttnews.com, 32. finviz.com, 33. www.marketbeat.com, 34. stockanalysis.com, 35. m.economictimes.com
