Uber Technologies (NYSE:UBER) is finally firing on all cylinders. Valued at roughly $191.1 billion, the company has transformed from a loss-making disruptor into a global transportation and logistics powerhouse. Uber now operates a digital network that efficiently moves people, food, and goods across more than 70 countries — and the results are starting to show up in its bottom line.
After years of heavy investment, Uber has entered a new phase of sustained profitability and scale. The company’s stock has surged nearly 55% year-to-date, outpacing the S&P 500’s modest gains. Although shares remain about 8% below their all-time high of $101.99, investors are asking: Is this dip a buying opportunity based on the Uber stock forecast for 2026?
Mobility and Delivery Drive Profits Higher
Uber’s third-quarter 2025 results confirm that its two major business lines — Mobility and Delivery — are both expanding rapidly. Total revenue soared 20% year-over-year to $13.5 billion, exceeding analyst expectations by more than $200 million. Trips grew 22% to 3.5 billion, while net income jumped 159% to $3.11 per share, marking one of Uber’s most profitable quarters ever.
The Mobility segment, which includes ride-hailing and shared transportation, generated $7.7 billion in revenue, up 20%. This growth was fueled by increased rider engagement and a record number of monthly active users. Meanwhile, Delivery — covering Uber Eats and its retail initiatives — achieved its strongest expansion in four years, rising 29% to $4.5 billion. With new categories such as grocery and retail delivery gaining traction, Uber’s delivery operations now boast a run rate of over $12 billion annually.
Uber’s Freight division contributed $1.3 billion in revenue, maintaining stability as the company works to streamline logistics and improve margins in this segment.
Investing in the Future: AVs and AI
Looking forward, Uber’s ambition extends beyond its current platforms. The company is building a hybrid future that integrates autonomous vehicles (AVs) alongside human drivers. Collaborations with Nvidia (NASDAQ:NVDA) and Stellantis (NYSE:STLA) are advancing this vision, with Nvidia’s Hyperion architecture powering Level 4-ready AVs for deployment on Uber’s network.
AI is also becoming central to Uber’s operational strategy. The company uses generative AI to improve driver matching, optimize logistics routes, and personalize user experiences. These innovations not only increase efficiency but also strengthen Uber’s competitive moat in both the mobility and delivery industries.
Uber Stock Forecast: Financial Strength and Growth Potential
Uber’s management expects gross bookings growth in the high teens and adjusted EBITDA expansion of 30%+ in the coming quarter. In 2025 alone, Uber is projected to generate $51.9 billion in revenue, up sharply from $11.1 billion in 2020 — a fivefold increase in just five years.
Importantly, Uber’s free cash flow reached nearly $9 billion over the past 12 months. The company is using that cash to reduce its share count and improve shareholder returns. With strong balance sheet discipline and scalable technology investments, Uber appears well-positioned for sustainable growth.
At its current valuation of about 17x forward earnings, Uber remains attractively priced relative to other large-cap growth stocks. Analysts anticipate 2025 EPS of $5.37, representing 17.8% year-over-year earnings growth.
Wall Street’s Verdict: Bullish on Uber
Analysts remain overwhelmingly optimistic about the Uber stock forecast. Out of 50 analysts, 35 rate UBER as a “Strong Buy,” with an average price target of $111.29, implying 21% upside from current levels. The most bullish forecasts suggest potential gains of up to 63% within the next 12 months.
Given Uber’s proven profitability, expanding delivery ecosystem, and rapid adoption of AI and AV technologies, the company seems well-positioned to maintain its growth momentum. For investors seeking exposure to the next generation of tech-driven mobility and logistics, the current dip in Uber stock may represent an attractive buy-the-dip opportunity ahead of 2026.
Featured Image: Freepik
Author Stephanie Bédard-Châteauneuf 
