Uber Technologies (NYSE:UBER) has been stuck in neutral in the days following its Q1 2025 earnings report on May 7th, falling by some 3.5%.
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This despite the fact that the ridesharing giant had plenty of good tidings to trumpet – including growing customer trips (up 18% year-over-year), increased revenues (up 14% year-over-year), and net cash flows of $2.3 billion.
However, while revenues increased to $11.5 billion, they failed to meet analyst expectations – missing by $86.25 million. A downgrade from 5-star Wedbush analyst Scott Devitt from Outperform to Neutral certainly didn’t help matters, either (though Devitt did raise his price target from $80 to $85).
Even so, the share price has jumped up almost 40% year-to-date, no trivial matter considering the difficult headwinds throughout the market during 2025.
One investor known by the pseudonym MMMT Wealth is encouraged by UBER’s most recent report, especially in the midst of the current climate.
“Uber Technologies, Inc.’s Q1 earnings were solid, with profitability metrics beating estimates despite a slight revenue miss and a challenging economic backdrop,” notes the investor.
MMMT Wealth cites a number of reasons to catch a ride on UBER, including the global growth in its premium Uber One subscription service. The investor points out that Uber One subscribers spend roughly three times more than single product users.
While acknowledging the contention that autonomous vehicles (AV) will harm UBER, MMMT believes that the technology will actually serve as a boon for UBER. The investor notes that UBER is currently running some 1.5 million AV trips a year, mostly via Waymo, and the company has added partnerships with numerous firms, including Volkswagen.
“I am on the side that AVs remain a huge opportunity for UBER, and Waymo’s performance in 2025 so far only solidifies this,” adds MMMT.
Looking ahead, the investor is positively bullish regarding Uber’s ability to continue growing, especially if a boost from the AV business comes to fruition.
“I believe UBER has a 2x potential over the next 2 years, and over the next 1 year, if things work out like I suspect with the AV market, UBER has far more room to grow,” concludes MMMT Wealth, who rates UBER a Strong Buy. (To watch MMMT Wealth’s track record, click here)
Wall Street seems to agree. With 29 Buy and 4 Hold ratings, UBER enjoys a Strong Buy consensus rating. Its 12-month average price target of $97.14 has an upside of ~17%. (See UBER stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.