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Uber rated 'Buy' with $85 target, showing strong Q3 growth and long-term confidence despite AI risks.

Analyst Insights
06 Nov 2026, 20:13 WIB
Seeking Alpha
View Source
Bullish
Uber rated 'Buy' with $85 target, showing strong Q3 growth and long-term confidence despite AI risks.

Uber Technologies is rated as a 'Buy' with a 12-month price target of $85, driven by strong Q3 results including 20% bookings growth and a 38% rise in non-GAAP operating income. The company's Mobility segment margin reached a six-quarter high, signaling operational strength. While acknowledging potential long-term risks from robotaxi and AI disruptions, these are expected to have minimal impact on Uber's trip volume through 2028. The investment case is supported by a free cash flow yield above 4%, robust insider buying, and disciplined capital allocation, suggesting confidence in Uber's earnings trajectory through 2027.

Uber Technologies holds a market capitalization of $140.44 billion as of November 7, 2026, 01:31 WIB, with a daily trading volume of over 30 million shares on Pluang. The stock price stands at $69.11, showing a modest 0.48% increase on the day. Pluang investors demonstrate strong buying interest, with 75% of order activity favoring purchases, reflecting confidence in Uber's operational strength and growth prospects.

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