Bernstein reaffirms Outperform for Uber Technologies stock at USD 95 target

Published on 10/02/2026 at 13:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein keeps USD 95 target and Outperform for Uber on October 1, 2026. Uber Technologies stock costs EUR 60.53 after EUR 60.46, plus 0.12 percent.

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Bernstein SocGen Group reaffirmed its Outperform rating for Uber Technologies stock and kept a USD 95 target on October 1, 2026, according to GuruFocus. At Lang & Schwarz, the euro quote was EUR 60.53 on October 2, 2026 at 1:14 p.m. CEST, plus 0.12 percent versus the EUR 60.46 prior close.

Autonomous rollout reaches 15 cities

The rating centers on Uber's plan to launch autonomous vehicle services in 15 cities by the end of 2026, including six in the United States and nine internationally, GuruFocus reported on October 1, 2026. The strategy positions Uber as an aggregation platform for autonomous fleets rather than as a single vehicle developer, a distinction that could spread technology risk across several partners.

For investors, the 15-city target is the measurable operating milestone behind the renewed rating. Uber's platform already combines Mobility, Delivery and Freight, giving the autonomous rollout an established customer and driver network to build on.

Second-quarter revenue rose 12.20 percent

Uber reported USD 14.19 billion of revenue in Q2 FY2026, up 12.20 percent from USD 12.65 billion in the year-ago quarter, while income from operations rose 30.30 percent to USD 1.89 billion, according to Ticker Scout. Net income reached USD 2.39 billion, up 76.70 percent, but the larger earnings increase included a non-cash gain tied to Uber's Delivery Hero investment.

That split matters. Operating income provides the cleaner view of the core platform, and its 30.30 percent increase was less dependent on investment accounting than the 76.70 percent rise in net income.

Cash generation exceeds USD 10 billion

Uber's Q2 FY2026 gross bookings increased 22.00 percent year over year to more than USD 58 billion, while non-GAAP earnings per share grew 35.00 percent and trailing twelve-month free cash flow exceeded USD 10 billion, according to Yahoo Finance. Management also said mobility operating income margin was 7.60 percent in the quarter.

The combination of 22.00 percent bookings growth and more than USD 10 billion in trailing free cash flow explains why autonomous expansion is being assessed alongside, rather than instead of, the existing marketplace economics.

Euro quote stays above the prior close

Uber Technologies was trading at EUR 60.53 at Lang & Schwarz on October 2, 2026 at 1:14 p.m. CEST, plus 0.12 percent versus the EUR 60.46 prior close from October 1, 2026. The primary listing is on the NYSE, where the latest USD quote was USD 67.88 on October 1, 2026 at 4:00 p.m. ET, with a 52-week range of USD 65.41 to USD 101.30.

The further course of trading is shown by the continuously updated real-time quote of Uber Technologies stock.