Uber stock rating maintained at Buy by Goldman Sachs on Q3 results
Goldman Sachs maintained a Buy rating and $110 price target on Uber (UBER) post-Q3 2026 earnings. Uber's stock trades at $69.87, with a P/E ratio of 15.33. Q3 mobility revenue missed expectations due to international supply constraints, but delivery segment grew 23% YoY. Uber reported $55.23B revenue and 40.75% gross profit margin over the last 12 months. BTIG lowered its price target to $90, citing mobility deceleration concerns.
How this was made
The 30-second read
Why it matters
The earnings beat and higher price target provide a clear catalyst for short‑term upside, while supply constraints in mobility could temper longer‑term expectations.
Market read
Uber's earnings beat and analyst upgrades make the stock a near‑term buy candidate, though mixed mobility outlook adds risk.
What to watch
The modest driverless vehicle rollout and mixed mobility revenue may limit upside beyond the target.
Background
Uber reported Q3 2026 earnings with revenue of $55.23 bn, adjusted EPS of $0.88, and record free cash flow, prompting Goldman Sachs to maintain a Buy rating.
Ticker impact
Goldman Sachs reiterated a Buy rating and raised the price target to $110 after Uber's Q3 2026 earnings beat expectations.
likely upward pressure as the market prices in the $110 target versus current $70 price
The rating and target are fresh, material, and based on better‑than‑expected earnings and strong cash flow.
Market effects
Positive signal for the ride‑hailing and mobility sector as earnings beat expectations.
U.S. equity markets may see modest gains in transportation stocks.
Uber's global footprint means the news could influence related logistics and delivery companies worldwide.
Counterpoint
Some investors may worry about driver supply constraints and slower mobility growth despite the upgrade.
Key entities
- AnalystGoldman Sachs
Maintained Buy rating and set $110 price target.
- AnalystBTIG
Lowered price target to $90, citing mobility deceleration.
