Uber Stock (UBER) Today: Robotaxi Push, $20B Buyback and 2026 Forecast

Uber Technologies Inc. (NYSE: UBER) is ending 2025 as one of the standout large‑cap growth stories in the market. The stock closed around $91.25 on December 5, 2025, just below its record highs and capping a multi‑year run that’s seen shares more than triple over the past three years. ^[1]

At the same time, Uber is leaning hard into autonomous “robotaxis”, rolling out a new self‑driving service in Dallas this week, and ramping a massive $20 billion stock buyback program alongside strong earnings momentum. ^[2]

This article rounds up the latest news, forecasts and analyses on Uber stock as of December 6, 2025, and looks at what it all may mean for investors heading into 2026.

Uber Stock Today: Price, Valuation and Performance

Latest price: Uber shares are trading around the low‑$90s, with Friday’s U.S. close at $91.25 (+0.29%). ^[3]
Market cap: Roughly $190 billion. ^[4]
52‑week range: About $59 to $102, with an all‑time closing high just above $100 in early October. ^[5]
Valuation:
- Trailing EPS ~ $7.8 and P/E ~ 11–12x. ^[6]
- Forward P/E in the mid‑20s, reflecting expectations of slower, more normalized earnings after one‑off tax gains. ^[7]

On a total‑return basis, Uber has been in a strong multi‑year uptrend: Simply Wall St estimates the stock is up about 243% over three years, 73% over five years, and roughly 44% year‑to‑date, despite some volatility in 2025. ^[8]

From a pure numbers perspective, Uber is now a profitable, large‑cap platform company trading at an earnings multiple closer to “value” than to high‑growth tech, which is precisely why so many analysts and valuation models see room for further upside.

What’s New This Week (as of December 6, 2025)

Here are the key Uber stock headlines investors are watching right now:

Robotaxis arrive in Dallas: Uber launched a new autonomous ride‑hailing service in Dallas, its third U.S. city (after Austin and Atlanta) with self‑driving options. The service uses Hyundai Ioniq 5 EVs powered by Avride’s self‑driving stack, initially with safety drivers on board, and operates in a nine‑square‑mile zone covering downtown, Uptown, Turtle Creek and Deep Ellum. Riders booking UberX, Comfort or Comfort Electric can be matched with a robotaxi at no extra cost and can opt out in‑app. ^[9]
Stock grinds higher despite choppy days: MarketWatch notes that Uber underperformed peers on both Monday and Tuesday this week, even as the stock managed modest daily gains, and remains several percentage points below its 52‑week high around $102. ^[10]
Fresh analyst upgrade and higher targets:
- Arete Research upgraded Uber from Neutral to Buy on December 3, lifting its price target from $82 to $125, implying more than 30–40% upside from recent levels. ^[11]
- Across Wall Street, 42 analysts tracked by MarketBeat give Uber a “Moderate Buy” / borderline Strong Buy rating, with an average 12‑month price target of about $109, a high of $135 and a low of $78—roughly 20% implied upside from current prices. ^[12]
Valuation models still see upside: A new Simply Wall St piece published December 5 argues that Uber is meaningfully undervalued, with a DCF‑based intrinsic value estimate around $167 per share, suggesting roughly 45% upside versus a share price near $91. ^[13]

Together, these developments frame Uber as a company transitioning from “turnaround” to “execution” mode, with the stock consolidating after a big run while new growth drivers—especially autonomy and loyalty—begin to matter more to the long‑term thesis.

Earnings Momentum: Uber’s 2025 Numbers So Far

Uber’s Q3 2025 results, reported on November 4, extended a pattern of increasingly strong fundamentals: ^[14]

Trips: Up 22% year‑over‑year, to 3.5 billion in the quarter.
Gross Bookings: Up 21% YoY to $49.7 billion.
Revenue: Up 20% YoY to $13.5 billion.
Operating income:$1.1 billion, up 5% YoY.
Net income:$6.6 billion, boosted by a $4.9 billion tax valuation allowance release and gains on equity investments.
Adjusted EBITDA:$2.3 billion, up 33% YoY, with margins expanding from 4.1% to 4.5% of Gross Bookings.
Free cash flow: About $2.2 billion for the quarter.

MarketBeat’s compilation shows Uber delivering GAAP EPS of $3.11 in Q3, obliterating a consensus estimate around $0.67, with revenue of $13.47 billion slightly above Wall Street expectations. ^[15]

Despite the beat, Barron’s reported that the stock sold off roughly 5% on the day, as investors digested one‑time tax benefits, macro jitters and already‑stretched year‑to‑date gains. ^[16]

Guidance for Q4 2025

For the current quarter (Q4 2025), Uber’s own guidance calls for: ^[17]

Gross Bookings:$52.25–$53.75 billion, implying 17–21% YoY growth.
Adjusted EBITDA:$2.41–$2.51 billion, representing 31–36% YoY growth.

Independent calendars currently estimate that Uber will report Q4 2025 results in early February 2026, with most sources clustering around February 4–10 and consensus EPS expectations in the $0.80–0.83 range. ^[18]

In other words, the fundamental story is still about high‑teens bookings growth, expanding margins, and strong free cash flow, albeit with some quarterly noise.

Big Capital Return Story: The $20 Billion Buyback

One of the most important developments for Uber’s stock in 2025 has been the scale of its share repurchase program:

In August 2025, Uber’s Q2 results came with the announcement of a new $20 billion stock buyback authorization, on top of a prior $7 billion plan. ^[19]
Q2 2025 saw:
- Revenue up 18% YoY to $12.7 billion.
- Trips up 18% YoY to 3.3 billion.
- Gross Bookings up 17% YoY to $46.8 billion.
- Adjusted EBITDA up 35% YoY to $2.1 billion with a 4.5% margin. ^[20]

Reuters highlighted that the buyback is closely linked to the success of Uber One, the company’s $9.99 per month loyalty program: ^[21]

Uber One members grew 60% year‑over‑year to more than 36 million.
These subscribers now account for over one‑third of Gross Bookings and are more than three times as profitable as single‑product users.

The message from management is clear: free cash flow and loyalty economics are strong enough that Uber is prepared to retire a meaningful chunk of its float, which can support EPS growth even if top‑line expansion moderates over time.

Autonomous Driving and Robotaxis: Dallas as a New Catalyst

Uber’s strategy in autonomy is “asset‑light partnerships,” not owning the full self‑driving tech stack itself. That strategy is now turning into visible products:

In Dallas, Uber is rolling out robotaxis via Avride, a self‑driving startup using Hyundai Ioniq 5 EVs. The launch adds to existing autonomous service zones in Austin and Atlanta, and early reports suggest the company intends to bring robotaxis to at least 10 cities by the end of next year. ^[22]
Passengers see robotaxi options directly in the Uber app and can opt into or out of self‑driving rides with a tap, which keeps the experience familiar and lets Uber test demand without forcing behavior change. ^[23]

Beyond Avride, Uber’s robotaxi footprint now includes more than 20 global partnerships, with Reuters and corporate filings highlighting collaborations with Waymo, Lucid, Nuro and others. ^[24]

Waymo already runs fully driverless operations in parts of Texas and Florida, and Uber is integrating Waymo’s fleet into its app in select markets. ^[25]
WeRide, a Chinese AV company, expanded its strategic partnership with Uber in May 2025, adding 15 new cities over the next five years and securing a $100 million equity investment from Uber, including fully driverless robotaxi tests in Abu Dhabi and expansions into Saudi Arabia. ^[26]

For investors, the core takeaway is that Uber doesn’t need to “win” the AV technology race itself. Instead, it aims to be the distribution layer and demand aggregator that plugs various robotaxi providers into its massive user base—taking a platform‑style take‑rate on autonomous miles over time.

Street View: Analyst Ratings and Uber Stock Forecasts

Consensus Wall Street Targets

According to MarketBeat and other aggregators as of December 6, 2025: ^[27]

Rating:
- MarketBeat: “Moderate Buy” based on 42 analyst ratings (34 Buy, 8 Hold, 0 Sell).
- GuruFocus survey: overall recommendation around 1.9 on a 1–5 scale, i.e., Outperform.
12‑month price target:
- MarketBeat average: $109.19 (about 20% upside from ~$91).
- GuruFocus compilation: ~$111–112 average, with a high of $150 and low of $84.
Recent notable moves:
- Arete Research: Upgraded Neutral → Buy, boosted PT $82 → $125 (Dec 3).
- Multiple large banks (RBC, Goldman Sachs, Barclays, UBS, Truist, etc.) reaffirmed Buy‑type ratings after Q3, with price targets mostly in the $107–$124 range. ^[28]

Earnings and Growth Forecasts

MarketBeat’s earnings page and related sources suggest: ^[29]

EPS growth: Analysts expect EPS to grow roughly 37% next year, from about $2.5 to $3.5 per share.
Q4 2025 EPS: Consensus is around $0.80–0.83.
2026 EPS: Early estimates cluster around the mid‑$3s per share.

Analyst commentary generally emphasizes:

Durable network effects across Mobility and Delivery.
Margin expansion from scale, better pricing algorithms and insurance efficiency.
New profit levers like advertising, finance products, and loyalty (Uber One).

The main counterpoint from more cautious voices is that, with a nearly $190 billion market cap, the bar for future growth is high, and any slowdown in consumer demand or regulatory setback could hit the stock hard. ^[30]

Independent Valuation Models: Is Uber Undervalued?

The latest Simply Wall St deep‑dive (Dec 5) offers an unusually transparent look into how some fundamental models value Uber: ^[31]

A DCF model using current free cash flow (~$8.7B TTM) and a two‑stage growth approach projects Uber’s annual FCF rising to around $23.4 billion by 2035.
Discounting those projected cash flows back to today yields an estimated intrinsic value of ~$167 per share.
With the stock around $91, that implies Uber could be ~45–46% undervalued on this specific DCF.
A “Fair PE” model suggests Uber deserves a multiple closer to 14x rather than its current ~11–12x trailing earnings, again pointing to some valuation headroom.

The same analysis also highlights two narrative bands that many investors implicitly use:

Bull case: Fair value around $111, implying mid‑teens upside, assuming ~15% annual revenue growth and sustained margin expansion supported by autonomy and platform synergies.
Bear case: Fair value around $75, implying the current price already bakes in very optimistic long‑term outcomes and leaving limited margin of safety if growth slows.

These frameworks mirror what many institutional investors are debating now: is Uber a still‑undervalued compounding machine—or has most of the easy upside already been captured?

Strategic Growth Drivers to Watch

1. Platform Scale and Cross‑Sell

Uber now counts around 180–190 million Monthly Active Platform Consumers, with trips growing in the mid‑teens to low‑20s percent annually across rides, delivery and freight. ^[32]

Key dynamics:

Cross‑use of Mobility and Delivery (including grocery) increases user stickiness and average profit per customer.
The Uber One program acts as glue, pushing users to consolidate transport and food delivery spending into the Uber ecosystem. ^[33]

2. Advertising and High‑Margin Services

Uber’s advertising business, while still smaller than core rides, is growing quickly and carries very high margins, leveraging in‑app real estate and real‑time location data. Management has framed ads as a multi‑billion‑dollar long‑term opportunity layered on top of Mobility and Delivery. ^[34]

3. International Expansion and Trendyol Go

On the Delivery side, Uber continues to expand globally. In Turkey, Uber Eats effectively entered the market by acquiring an 85% stake in Trendyol Go, a local meal and grocery delivery player, in a deal valued around $700 million. ^[35]

This transaction illustrates Uber’s strategy of buying rather than building in certain markets where local platforms already have density.

4. Autonomy and Electric Vehicles

Uber’s autonomy push is designed to:

Reduce driver cost per mile over time by integrating robotaxis from partners like Waymo, Avride, WeRide, Nuro and others. ^[36]
Align with EV adoption, making rides cheaper to run and easier to regulate in cities that push for low‑emission zones.

Long term, if Uber can capture a meaningful portion of autonomous ride volume without owning the vehicles, the margin structure of Mobility could look significantly better than today’s.

Key Risks and What Could Go Wrong

Despite strong numbers and bullish forecasts, Uber stock is not risk‑free:

Macro & Consumer Demand
- Q1 2025 delivered a small revenue and bookings miss that triggered a share selloff and raised questions about U.S. consumer strength. ^[37]
- A global slowdown, rising unemployment or sustained high rates could weigh on discretionary rides and delivery orders.
Regulation and Labor Classification
- Ongoing debates over gig‑worker classification (employee vs. contractor), insurance costs and local ride‑hailing caps can affect margins and growth in key markets. ^[38]
Autonomy Execution Risk
- While the partnership model is lower‑risk than building in‑house AV tech, Uber is still exposed to safety incidents, regulatory scrutiny and slower‑than‑expected robotaxi adoption—especially in the U.S. where regulators are still reacting to AV incidents. ^[39]
Competition
- On rides, Lyft remains a focused U.S. rival, while in Delivery, DoorDash is still strong in key markets. Both competitors have shown they can move quickly on pricing and promotion, which can pressure Uber’s take rates and incentives spending. ^[40]
One‑Off Accounting Effects
- Recent EPS numbers have been flattered by tax valuation releases and investment revaluations, which won’t repeat every year. If investors refocus on “core EPS” or adjusted earnings, the multiple could drift higher or lower depending on how those metrics evolve. ^[41]

Uber Stock Outlook Into 2026: How the Pieces Fit Together

Putting the latest data points together, the current Uber stock setup looks something like this:

Fundamentals:
- High‑teens bookings growth.
- Expanding profitability and robust free cash flow.
- Large buyback authorization and a stronger balance sheet than in past years. ^[42]
Valuation:
- Trailing P/E around 11–12x and forward P/E in the mid‑20s.
- Many sell‑side and independent models suggesting mid‑teens to mid‑40s upside over the next 12–18 months, with consensus targets around $109–112 and some DCF models much higher. ^[43]
Catalysts for 2026:
- Q4 2025 earnings in early February 2026.
- Evidence that robotaxis in Dallas, Austin, Atlanta and international markets actually scale and improve margins.
- Further deployment of the $20B buyback, especially if the stock trades sideways.
- Continued growth in Uber One membership and advertising revenue. ^[44]
Bear concerns:
- Slower‑than‑expected growth as the base gets bigger.
- Regulatory or safety setbacks in autonomy.
- The possibility that, after a 3‑year, 200%+ rally, Uber is now more sensitive to any disappointment. ^[45]

For long‑term, growth‑oriented investors, Uber increasingly looks like a scaled platform with improving economics and optionality around autonomy and high‑margin services. For more conservative investors, the stock may still feel cyclical and sentiment‑driven, and the right move could be to wait for better entry points during market pullbacks or company‑specific stumbles.

Either way, the December 6, 2025 snapshot is clear: Uber is no longer a speculative cash‑burning unicorn—it’s a profitable global platform with serious free‑cash‑flow, a big capital return program, and a growing robotaxi footprint that could materially reshape its economics over the next decade.

This article is for informational purposes only and does not constitute investment or financial advice. Always do your own research and consider your risk tolerance before making investment decisions.