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May 7, 2026 12:00 PM

Uber Zooms Ahead On Platform Strength, Analysts Revise Estimates After Q1 Print

Shares of Uber Technologies Inc (NYSE:UBER) fell in early trading on Thursday despite an upbeat first-quarter (Q1) report.

Here are the key analyst insights:

Goldman Sachs analyst Eric Sheridan maintained a Buy rating, while cutting the price target from $125 to $115.

JPMorgan analyst Doug Anmuth reiterated an Overweight rating, while raising the price target from $105 to $110.

Needham analyst Bernie McTernan reaffirmed a Buy rating and price target of $109.

Check out other analyst stock ratings.

Goldman Sachs: Uber made a strong start to the year, driven by momentum from its platform and product initiatives. Sheridan’s highlights include:

A multi-product ecosystem and industry partnerships are "increasingly positioning the company for a larger market opportunity set"

Strong momentum in the mobility business, despite headwinds from the Middle East conflict and US weather conditions

Delivery growth was driven by strength in key international markets

Rising supply and demand from non-restaurant verticals

Diversified capital allocation and growth investment strategy focusing on shareholder returns

JPMorgan: ...