Ride-hailing firm Uber Technologies (UBER) is set to release its Q3 earnings report this week. This has some investors wondering whether it’s a good idea to buy shares of UBER stock beforehand.
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What Wall Street Expects
Wall Street is expecting UBER to announce quarterly earnings of 67 cents per share, which would indicate a 44.2% decline from the same period last year. Its revenues are forecast to come in at $8.55 billion, up 27.2% from a year ago.
Will UBER be able to beat these estimates? As one can see below, it has a very strong track record of doing just that in recent times.
What Do Analysts Say?
In the second quarter of 2025, Uber achieved a notable increase in trips and gross bookings, both growing by 18% year-over-year. The company reported an income from operations of $1.5 billion and an adjusted EBITDA of $2.1 billion, marking a 35% increase compared to the previous year. Uber’s operating cash flow reached $2.6 billion, with free cash flow at $2.5 billion.
Uber anticipates continued growth in the third quarter of 2025, with projected gross bookings between $48.25 billion and $49.75 billion, representing a 17% to 21% year-over-year increase.
However, tariff-related headwinds are likely to hurt its results. The company also recently flagged up profitability issues in the U.K. as a result of higher administration costs and a hike in overall spending.
UBS likes what it sees. It recently raised its price target on Uber to $124 from $117 with a Buy rating. It said that food delivery demand remains resilient post-COVID, with convenience driving stronger-than-expected stickiness and medium-term growth. It warned however of more intense competition from Deliveroo and Amazon (AMZN) as it expands same-day grocery delivery. It adds that slower robotaxi adoption gives Uber more room to grow profits in the near-term.
Guggenheim analyst Taylor Manley initiated coverage of UBER with a Buy rating and $140 price target. He said UBER has an “industry-leading” network, technology, and brand equity, Uber’s re-accelerating delivery business is also relatively overlooked by investors, Manley said, and poised for sustainable double-digit growth.
Is UBER a Good Stock to Buy Now?
On TipRanks, UBER has a Strong Buy consensus based on 27 Buy and 4 Hold ratings. Its highest price target is $150. UBER stock’s consensus price target is $110.61 implying a 14.62% upside.
