Uber Stock Races Toward $100. Wall Street Thinks It Can Go Even Higher.

Uber (UBER) stock is racing ahead, outperforming the broader equity markets with its gains. Shares of the mobility and delivery services provider surged to a new all-time high of $93.48 on May 20, marking impressive growth of about 54% since the start of the year.

While Uber stock has gained significantly, Wall Street analysts think it can go even higher as it continues to see steady growth in its user base, measured by monthly active platform consumers (MAPCs), along with rising trip volumes and gross bookings across its platform.  

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Uber’s core business is growing well, and its expanding advertising business and advancements in autonomous vehicle technology present significant growth opportunities ahead. Given the favorable backdrop, Wall Street analysts see further upside in Uber stock. Looking ahead, the highest price target on Wall Street for UBER stock is $115, reflecting 24% upside from current price levels.

With its business firing on all cylinders, Uber stock looks well-positioned to continue its upward ride.

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Here's What Could Drive Uber Stock Higher

Uber’s diverse businesses, including mobility, delivery, advertising, and autonomous vehicle solutions, are all performing well, positioning it to deliver solid growth and sustain its upward trajectory.

In the first quarter of 2025, Uber reached 170 million MAPCs, a 14% year-over-year increase. User engagement also surged, with trip growth of 18%. User retention is another core catalyst for Uber. Its user stickiness is near record highs worldwide. The supply side of the platform is equally strong, with Uber reporting an increase in active drivers on its platform.

These solid metrics are translating into strong financial performance with Uber delivering adjusted EBITDA growth of 35%, while its free cash flow hit $2.3 billion in Q1. Moreover, with MAPCs representing only around 5% of the adult population in the company’s global operating regions, there’s plenty of room for further expansion.

By business segments, its mobility business continues to show healthy growth, with a third straight quarter of 19% year-over-year trip growth. Gross bookings rose by 20%, driven by Uber’s focus on keeping prices low and increasing user engagement. Uber is expanding into low-density suburban markets, which provides further expansion opportunities.

Meanwhile, the company is diversifying its product offerings beyond UberX. Taxis are now on the Uber platform, generating $3.5 billion in annualized gross bookings, up over 60% YOY. Low-cost options like Uber Shuttle have expanded to major U.S. airports, further broadening access.

While mobility remains strong, its delivery business is another rising star. Delivery trips rose 15% year-over-year in Q1, and gross bookings jumped 18%, driven by membership programs and the growing presence of non-restaurant categories like groceries and retail (G&R). The company reported that G&R delivery is now at a $10 billion annualized gross bookings run rate. With only 18% of delivery users ordering from G&R monthly, the segment has ample upside potential.

Uber’s advertising business is another growth engine. The segment’s revenue reached a $1.5 billion annual run rate, with ad sales driven by features like sponsored listings and Journey Ads. This high-margin business jumped over 60% year-over-year, supporting Uber’s core operations.

Then, there are autonomous vehicles (AV), which provide significant growth opportunities. Uber has already recorded 1.5 million annualized AV trips through partnerships with companies like Waymo and Volkswagen (VWAGY), and it’s pushing further into passenger and freight applications. This segment could significantly accelerate Uber’s growth over time.

Will Uber Stock Ride past $100 in 2025?

With all engines firing, it’s no surprise that Wall Street remains upbeat about Uber’s prospects. Analysts maintain a “Strong Buy” consensus rating.

Its growing user base, deepening platform engagement, diversification across revenue streams, and ambitious tech bets position it well to deliver solid growth, implying the ride to $100 and beyond could come sooner than expected.

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On the date of publication, Amit Singh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.