Uber (UBER) Stock After the Bell on December 9, 2025: Why Shares Fell and What to Watch Before the December 10 Open

Uber Technologies, Inc. (NYSE: UBER) ended Tuesday’s session under pressure after an analyst price‑target cut and renewed regulatory scrutiny in key markets. At the same time, the company rolled out new product initiatives and partnerships that could support growth in 2026 and beyond.

Here’s a concise breakdown of how Uber stock traded after the bell on December 9, 2025, and the key things traders and long‑term investors should know before the market opens on December 10, 2025.

Uber stock today: how UBER traded on December 9, 2025

Closing price: Uber shares closed around $89.07, down about 3.8% on the day, vs. Monday’s close near $92.57. ^[1]
Intraday range: The stock traded roughly between $88.9 and $92.0, a fairly wide range that reflects elevated intraday volatility. ^[2]
After‑hours move: In early after‑hours trading, UBER ticked slightly higher to around $89.3, a modest rebound of roughly 0.3%. ^[3]
Volume: About 16–17 million shares changed hands, noticeably below the roughly 20.5 million average daily volume highlighted by MarketBeat, suggesting the selloff was meaningful but not a full‑blown stampede. ^[4]
Context: Even after today’s pullback, Uber is still up around 40–45% year‑to‑date, and trades roughly 10% below its 52‑week high near $102, with a 52‑week low around $59.3. ^[5]

From a technical standpoint, UBER is now hovering near key trend lines. Investing.com’s technical page shows a 14‑day RSI in the mid‑30s, typically interpreted as leaning toward “oversold,” and a 50‑day moving average near $89.9, very close to Tuesday’s close. Yahoo Finance, by contrast, pegs the 50‑day around $92.9 and the 200‑day near $87.3, underlining that the stock is trading in a tight band around its medium‑term trend. ^[6]

Short‑term support and resistance levels are tight as well: market data from MarketChameleon suggests support around $88.8 and resistance near $92.6, which roughly matched Tuesday’s trading range. ^[7]

Why Uber shares fell: Morgan Stanley trims target, Europe pushes back

The primary catalyst for Tuesday’s decline was a price‑target cut from Morgan Stanley, layered on top of mounting regulatory and political pushback against ride‑hailing in several markets.

Morgan Stanley cuts target, but keeps an “Overweight” rating

Morgan Stanley lowered its price target on Uber from $115 to $110 while maintaining an “Overweight” rating. ^[8]
The MarketBeat recap notes that the stock traded as low as $88.91 intraday and last around $89.07, a 3.8% mid‑day decline versus Monday’s close. ^[9]

Despite the headline “downgrade” flavor of the move, Morgan Stanley is not turning bearish on the business; it is essentially recalibrating expectations after a large multi‑year run.

Protests and regulatory risk in Europe (and beyond)

A separate news note from StockStory/Finviz emphasizes that Uber is facing intensifying regulatory and political pressure:

In Barcelona, roughly 1,500 taxi drivers blocked the city center in support of a proposed law that could sharply reduce ride‑hailing licenses, which critics say might effectively push out services like Uber. ^[10]
Similar pushback has emerged elsewhere, including calls from licensed drivers in England’s Cotswolds to ban Uber, and discussions in Halifax, Canada about stricter, more “level” rules between taxis and ride‑hailing apps. ^[11]

These stories reinforce a long‑running theme: even as Uber scales profitably, regulation remains a key swing factor for its valuation, particularly in Europe where ride‑hailing rules are volatile and politically sensitive.

Wall Street still sees upside: consensus targets, valuation and DCF views

The negative headlines don’t mean sentiment is collapsing. If anything, most analysts still see material upside from current levels.

Consensus: “Moderate Buy” with double‑digit upside

MarketBeat’s analyst tally shows: ^[12]

Rating: “Moderate Buy”
- 2 analysts rate UBER a Strong Buy
- 31 rate it a Buy
- 8 call it a Hold
Average 12‑month price target: about $108.60, implying roughly 20–25% upside from Tuesday’s close.
Several firms have been tweaking their targets in the $106–$115 band rather than abandoning the bull case.

An AI‑assisted analysis from AInvest goes further, highlighting a discounted cash‑flow (DCF) fair value estimate around $168 per share, suggesting that on its assumptions, the stock might be trading at a ~45% discount to intrinsic value. ^[13]

At the same time, that same analysis flags risks:

Uber’s free‑cash‑flow multiple near 24x is high enough that a growth slowdown could trigger multiple compression. ^[14]
Net profit margins, inflated this year by tax and investment gains, are projected to normalize down toward the mid‑teens over the next few years, especially as the company leans into lower‑margin subscription and loyalty products. ^[15]

Put simply: most of Wall Street still likes Uber, but the bar for continued outperformance is rising.

Fundamental backdrop: strong Q3 2025 results and bullish guidance

Tuesday’s trading needs to be viewed in light of a very strong Q3 2025 earnings report and upbeat Q4 guidance, released on November 4.

From Uber’s own press release for Q3 2025: ^[16]

Trips: +22% year‑over‑year to 3.5 billion.
Gross Bookings: +21% YoY to $49.7 billion.
Revenue: +20% YoY to $13.5 billion.
Income from operations:$1.1 billion, up 5% YoY.
Adjusted EBITDA:$2.3 billion, up 33% YoY, with margin improving to 4.5% of Gross Bookings.
Free cash flow:$2.2 billion for the quarter.

Uber also guided for Q4 2025 Gross Bookings of $52.25–$53.75 billion (17–21% YoY growth) and Adjusted EBITDA of $2.41–$2.51 billion, or 31–36% growth, underscoring management’s confidence in the demand backdrop. ^[17]

Not everything in Q3 was perfect. Coverage from Fortune highlighted that legal proceedings and government investigations forced Uber to take a $479 million charge, reminding investors that legal risk remains a real cost line even in profitable quarters. ^[18]

Overall, though, fundamentals look robust heading into year‑end: high double‑digit Gross Bookings growth, rising margins, and strong free cash flow.

New product and partnership news on December 9: kiosks, loyalty and data

Beyond the stock move, Uber announced or featured several product and partnership updates on December 9 that matter for the long‑term story.

1. Airport kiosks – Uber without the app

The Los Angeles Times reports that Uber is rolling out physical kiosks at major airports, allowing travelers to order rides without using the Uber app or even a smartphone. ^[19]

Local TV coverage in the US echoes that kiosks will let passengers book rides via touch screens in terminal areas—particularly useful for: ^[20]

International travelers with limited data or no roaming.
Older users or those less comfortable with apps.
People whose phone battery has died after long flights.

Investor takeaway: airport kiosks deepen Uber’s physical presence in high‑value locations, potentially boosting airport trip share, one of the company’s more lucrative ride segments.

2. Rakuten partnership in Japan – more points, more stickiness

In Japan, Uber announced a deeper strategic partnership with Rakuten: ^[21]

Users can now link their Rakuten ID to Uber and Uber Eats in Japan.
Riders and diners earn Rakuten Points (1 point per ¥200 spent, ex‑tax).
Paying with Rakuten Pay plus the new integration can yield up to 2% back in points.
Uber One subscribers in Japan can earn Uber One Credits worth 10% of mobility fares, stacking further rewards.

This is a classic loyalty flywheel play: tie Uber’s mobility and delivery platforms into one of Japan’s biggest points ecosystems to increase order frequency and retention.

3. Uber Intelligence – monetizing movement data and advertising

A new eMarketer article spotlights Uber Intelligence, an “insights” product built with LiveRamp that packages Uber’s ride‑hail and delivery data for marketers. ^[22]

Uber feeds anonymized ride and order data into Uber Intelligence, which lets advertisers see how people move, dine, travel, and order.
The data is pseudonymized and delivered through a “clean‑room” environment, with personally identifiable information stripped out and replaced with tokens. ^[23]
Uber’s ad business already accounted for about 9% of total revenue in Q3, so richer audience insights may help push this high‑margin revenue stream higher over time. ^[24]

Pseudonymization is strong, but not perfect privacy. The article notes that sharing highly granular movement data could raise consumer privacy concerns, which in turn could invite additional regulatory oversight. ^[25]

Robotaxis and AVs: Dallas launch and a $1 trillion opportunity

Autonomous driving remains one of the critical long‑term narratives around Uber—and it resurfaced in a big way over the past week.

Dallas robotaxi launch with Avride

On December 3, Uber and autonomous‑vehicle startup Avride announced the launch of robotaxi rides in Dallas: ^[26]

Riders in parts of Dallas may now be matched with fully electric, self‑driving Hyundai Ioniq 5 vehicles operated by Avride when they request certain Uber trips.
The launch follows a year‑long partnership and makes Dallas one of Uber’s key autonomy test markets.

Earlier coverage from IndexBox and StockStory also pointed out that Uber shares rallied on the robotaxi news as analysts upgraded the stock (Arete Research, for example, reportedly moved from Neutral to Buy and raised its target from $82 to $125). ^[27]

Bank of America: AVs could unlock a $900B–$1.2T US market

A new Bank of America note, summarized by Benzinga, frames Uber’s AV upside starkly: ^[28]

US drivers travel about 3 trillion miles per year.
Uber and Lyft together currently capture roughly 1% of that.
If autonomous vehicles lower the cost per mile and adoption broadens, AV ride‑hailing could reach 20% of US vehicle miles traveled over the next 15 years.
That equates to a potential $900 billion–$1.2 trillion market opportunity.
BofA’s analyst Justin Post maintains a Buy rating on Uber with a $119 price target, while rating Lyft Underperform, expecting Uber to be the stronger AV integrator.

BofA also argues Uber could still maintain around 10% US mobility margins even with cheaper AV rides, though there is obvious uncertainty around regulation, pricing, and competition. ^[29]

Options traders and technicians: how the market is positioning

Options: a “long strangle” idea amid low volatility

Investor’s Business Daily notes that Uber’s implied volatility is relatively low, making options comparatively cheap versus the past 12 months. That led one strategist to highlight a long strangle trade: ^[30]

Buy a March 20 Uber $85 put (about $3.50).
Buy a March 20 $100 call (about $4.55).
Total outlay around $8.05 per share ($805 per contract), which is also the maximum loss.
Break‑even levels are estimated near $76.95 on the downside and $108.05 on the upside, though profits could arrive sooner if volatility spikes.

IBD also flags that Uber’s composite rating sits in the mid‑60s with a low EPS rating, implying strong price action over the past couple of years but still‑evolving earnings quality.

Important: complex options strategies like long strangles are risky, can lose 100% of premium, and are generally suitable only for experienced traders who fully understand options mechanics.

Technicals: near support, below recent highs

As of Tuesday’s close:

RSI (14‑day) around the mid‑30s suggests the stock is leaning toward short‑term oversold territory. ^[31]
Moving averages: UBER is trading close to its 50‑day average and slightly above its 200‑day, depending on the data provider. ^[32]
Support/resistance: One‑day statistical levels put support near $88.8 and resistance near $92.6, tight bands that could be tested at Wednesday’s open. ^[33]

Short‑term traders will be watching whether Wednesday’s session confirms support around the high‑80s or whether the stock slices lower toward the low‑80s support zone that several chartists have highlighted in the past.

Short‑term forecast: models vs. market reality

Quant sites such as StockInvest publish very short‑term “fair opening price” models. For December 10, 2025, their model suggests a fair open around $90.06, roughly 1.2% above Tuesday’s close—essentially a mild bounce scenario. ^[34]

Two important caveats:

These are statistical models, often based on recent volatility and mean reversion; they are not guarantees.
Real‑world trading tomorrow will respond to any overnight macro headlines, additional regulatory developments, or fresh analyst commentary, which the models can’t anticipate.

What to watch before the market opens on December 10, 2025

Going into Wednesday’s open, here are the key issues and data points investors may want to keep an eye on:

Follow‑through on the Morgan Stanley cut
- Does selling pressure continue, or do dip‑buyers step in around the high‑80s support?
- Watch for pre‑market block trades and whether volume spikes back toward the 20M‑share daily average.
Any new headlines out of Europe
- Further details on the Barcelona law proposal or similar efforts in other European cities could shift sentiment quickly. ^[35]
Investor reaction to product news
- Airport kiosk rollout: will investors view this as a meaningful new growth lever or just a convenience feature? ^[36]
- Rakuten loyalty integration in Japan: any commentary from local press or analysts on early adoption could provide color on international growth. ^[37]
Autonomy and AV narrative
- Does the BofA $119 price target and $1 trillion AV opportunity call attract more buyers, or do investors stay cautious due to regulatory and execution risk? ^[38]
Technical set‑up
- A firm bounce off support near $88–89 with rising volume would suggest the pullback might be a pause in a longer‑term uptrend.
- A decisive break below that area could open the door to a retest of the low‑80s.
Broader transport and tech sentiment
- MarketWatch recently highlighted that Dow transports are on a strong run and noted Uber as the only name in the reviewed group with double‑digit sales CAGR projected through 2027. If transports stay strong, that could offer a supportive backdrop. ^[39]

Bottom line: Uber stock outlook heading into December 10, 2025

Near term:
- Uber stock is digesting a sharp multi‑year rally, a price‑target trim from a major bank, and renewed regulatory noise in Europe.
- Technically, it sits near important support with sentiment cooling but not collapsing.
Medium to long term:
- Fundamentals remain strong, with double‑digit Gross Bookings growth, rising profitability, substantial free cash flow, and a pipeline of growth levers—robotaxis, advertising, loyalty partnerships, and new product experiences like airport kiosks. ^[40]
- Most analysts continue to see meaningful upside from current levels, though higher expectations and legal/regulatory risk mean the path is unlikely to be smooth. ^[41]

For traders, the focus into the December 10 open will be whether Uber defends support and stabilizes or whether selling accelerates. For long‑term investors, the key question is whether the latest pullback is another entry point into a structurally stronger, cash‑generative platform—or an early warning that regulatory and competitive headwinds are catching up.

Either way, this remains a high‑beta, high‑conviction story where position sizing and risk management matter as much as the thesis itself.

Disclaimer: This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research or consult a licensed financial adviser before making investment decisions.