Is Uber Stock a Buy, Hold or Sell After Earnings?
Uber stock is sinking Thursday after the ride-hailing firm came up short of a key Q3 metric, but analysts have yet to adjust their ratings.


Uber Technologies (UBER) is one of the worst S&P 500 stocks in Thursday's session after the ride-hailing company beat top- and bottom-line expectations for its third quarter, but came up just short on another key metric.
In the three months ended September 30, Uber said its revenue increased 20.4% year over year to $11.2 billion, driven by a 16.1% rise in gross bookings to $41 billion. Its earnings per share (EPS) improved to $1.20 from 10 cents in the year-ago period.
"We delivered yet another record quarter of profitable growth at a global scale, reflecting the strength of our platform, which now has over 25 million Uber One members," said Uber CEO Dara Khosrowshahi in a statement. "We continue to build with an eye towards the future, optimizing our products for new customer segments and geographies, introducing Rider Verification nationwide to increase safety for drivers, and launching shuttles to airports and venues."

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The headline results topped analysts' expectations. Wall Street was anticipating revenue of $10.98 billion and earnings of 41 cents per share, according to CNBC. However, gross bookings came in just shy of expectations for $41.25 billion.
For its fourth quarter, Uber said it expects to achieve gross bookings in the range of $42.75 billion to $44.25 billion, representing growth of 16% to 20% from the year-ago period. However, the midpoint of this range, $43.5 billion, came up just shy of the $43.7 billion in gross bookings Wall Street anticipates.
Is UBER stock a buy, sell or hold?
Heading into today's trading, Uber Technologies was up 29% for the year to date and Wall Street was targeting even more upside for the industrial stock.
According to S&P Global Market Intelligence, the average analyst target price for UBER stock is $88.86, representing implied upside of nearly 12% to its October 30 close. Additionally, the consensus recommendation is a Buy.
Financial services firm Wedbush is one of those with an Outperform rating (equivalent to a Buy) and a $86 price target on the large-cap stock.
"While we expect the debate related to autonomous vehicles will limit near-term upside for shares, we think management has alleviated some investor concerns in recent months through new and expanded partnerships with leading autonomous-vehicle providers," said Wedbush analyst Scott Devitt in an October 29 note.
These include strategic deals with AV leaders including WeRide and Cruise, but the most notable is a deepened partnership with Waymo that will make its autonomous vehicles available on the Uber app in early 2025, he adds.
Related Content
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
Stock Market Today: Dow Dives 1,679 Points on Trump Tariff Shock
U.S. stocks lost roughly $3.1 trillion in market cap on Thursday – the biggest one-day decline since the start of the COVID-19 pandemic in March 2020.
By Karee Venema Published
-
Did Florida’s Chance at $1,000 in Property Tax Rebates Vanish?
State Taxes The Florida Legislature bypassed Gov. Ron DeSantis’ wish to cut property taxes and instead voted to lower the state’s sales tax.
By Gabriella Cruz-Martínez Published
-
Stock Market Today: Dow Dives 1,679 Points on Trump Tariff Shock
U.S. stocks lost roughly $3.1 trillion in market cap on Thursday – the biggest one-day decline since the start of the COVID-19 pandemic in March 2020.
By Karee Venema Published
-
Wall Street Is Worried About Apple Stock. Should You Be Too?
Analysts expect Trump's sweeping tariffs to have an outsized impact on Apple stock. How concerned should investors be?
By Karee Venema Published
-
The Stock Market Is Selling Off. Here's What Investors Should Do
Investors are fleeing the equities market en masse in response to the Trump administration's "jaw-dropping" tariffs. But the experts say don't panic.
By Karee Venema Last updated
-
How Building Liquidity Into Your Retirement Plan Can Pay Off
To succeed in investing for retirement, you need time and discipline — liquidity can give you both.
By Samantha Compton, IAR Published
-
Striking Oil in Opportunity Zones: Now Might Be the Best Time to Invest
You could unlock hidden wealth in QOZs with strategic oil and gas investments, potentially combining tax advantages with long-term growth in an essential industry.
By Daniel Goodwin Published
-
Stock Market Today: It's the Old Up-Down Again on Liberation Day
Markets look forward to what comes with the reordering of 80-year-old global trade relationships.
By David Dittman Published
-
Can a New Manager Cure Vanguard Health Care Fund?
Vanguard Health Care Fund has assets of $40.5 billion but has been ailing in recent years. With a new manager in charge, what's the prognosis?
By Nellie S. Huang Published
-
What You Don't Know About Annuities Can Hurt You
Lack of awareness leads many to overlook these potent financial tools, and with the possibility of running out of money in retirement, that could really hurt.
By Ken Nuss Published