Uber Technologies stock gains analyst support from AV plans

Published on 10/03/2026 at 23:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Uber Technologies stock gained analyst support after Bernstein reiterated a USD 95.00 target on September 30, 2026. Q2 bookings rose 22 percent to more than USD 58 billion.

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Uber Technologies stock (ISIN US90353T1007) closed at USD 68.09 on the NYSE on October 2, 2026, while Bernstein reiterated an Outperform rating and a USD 95.00 price target on September 30. The analyst view links the valuation case to Uber's expanding autonomous vehicle rollout.

Autonomous vehicles drive the debate

According to Investing.com on September 30, 2026, Bernstein expects Uber to have 15 autonomous vehicle cities live by year-end 2026, including 6 US markets and 9 international markets. The firm also said the stock trades at a low multiple, but identified a US driverless deployment with a newer entrant as an important test for the long-term valuation case.

The operating ambition is substantial, but the rollout remains an execution story rather than a replacement for the core platform. Uber's Q2 2026 earnings call said the company was live in 7 autonomous vehicle cities and targeting 15 by year-end, giving investors a concrete milestone for the strategy.

Q2 growth supports the strategy

Uber's Q2 2026 earnings call reported gross bookings of more than USD 58 billion, up 22 percent year over year and above the high end of guidance. Non-GAAP EPS grew 35 percent year over year, while trailing 12-month free cash flow exceeded USD 10 billion for the first time, according to Yahoo Finance in the transcript dated August 5, 2026.

The scale comparison matters: autonomous vehicle activity was described on the call as hundreds of thousands of trips per week, versus roughly 300 million Uber trips per week across the platform. That makes AV expansion strategically important while leaving the current earnings base tied mainly to rides, delivery and freight.

Consensus stays above the share price

MarketBeat lists a Moderate Buy consensus from 43 analysts and an average twelve-month price target of USD 103.03 as of October 3, 2026. Its published target range runs from USD 72.00 to USD 150.00, placing the consensus above the October 2 closing price.

The counter-factor is timing. The earnings call described AV deployment as regulated and market by market, while Bernstein emphasized the need for a US deployment that demonstrates durable economics. For Uber, the next valuation test is whether partner expansion can translate into measurable platform usage without weakening the existing cash-generation profile.

Uber stock closes at USD 68.09

Uber Technologies stock closed at USD 68.09 on the NYSE on October 2, 2026, up 0.31 percent from the prior close of USD 67.88. The session volume was 15,498,371 shares, and the 52-week range was USD 65.41 to USD 101.30.