Uber Shares Fall 16% YTD on Tech Pressures

Uber Technologies Inc. shares fell more than 16 percent year to date in early 2026, reaching a recent low near 68 amid broader market pressures on technology stocks, even as the company reported robust revenue growth and expanded partnerships in autonomous vehicles.

The San Francisco-based ride-hailing and delivery giant closed the fourth quarter of 2025 with revenue of 14.37 billion, surpassing analyst expectations of 14.32 billion and marking a 20 percent increase from the prior year. Earnings per share came in at 0.71, slightly below the anticipated 0.79. For the full year, Uber achieved operating income of 5.6 billion, a turnaround from substantial losses in 2022, driven by a 63 percent rise in gross bookings to 52 billion and an expansion of its monthly active user base to 202 million, up from 131 million three years earlier.

Analysts remain largely positive on Uber's outlook. The consensus rating stands at moderate buy, with an average 12-month price target of 105.14, implying potential upside of about 50 percent from recent levels around 70. Wells Fargo recently lowered its target to 95 from 100 while maintaining an overweight rating, citing healthy near-term trends in...