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Home/News Feed/Uber stock downgraded to Neutral amid earnings drop and Tesla competition, despite revenue growth and autonomous vehicle progress.
UBER
$67.97
-$0.97 -1.41%

Uber stock downgraded to Neutral amid earnings drop and Tesla competition, despite revenue growth and autonomous vehicle progress.

Analyst Insights
10 Sep 2026
Andrew Wynn
View Source
Bearish
Uber stock downgraded to Neutral amid earnings drop and Tesla competition, despite revenue growth and autonomous vehicle progress.

Arete Research downgraded Uber's stock from Buy to Neutral with a $74 price target, citing an expected 64.95% drop in earnings per share to $1.09 despite 9.6% revenue growth to $14.76 billion. Uber faces new competition from Tesla's Cybercab, which offers significantly cheaper rides but with variable pricing. Meanwhile, Uber secured Spain's first permit for Level 4 autonomous vehicles, marking progress in its self-driving technology. The downgrade reflects investor caution ahead of Uber's upcoming earnings report amid these mixed developments.

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