Wells Fargo cuts Uber price target to $87, citing lower trip forecasts
Wells Fargo lowered its Uber price target from $92 to $87 while keeping an Overweight rating. The revision reflects an 80‑basis‑point reduction in total‑trip estimates for 2027 and 2028 and a modest downgrade to mobility gross‑booking forecasts (‑2.6% for 2027, ‑3.5% for 2028). The firm also trimmed its EBITDA outlook (‑1% to $13.9 bn for 2027, ‑2% to $16.1 bn for 2028) and adjusted‑EPS guidance for those years. Uber reported Q3 2026 revenue of $14.8 bn and adjusted EPS of $0.88.
Why it matters
The lower target reduces the implied upside for investors, suggesting a more modest growth outlook for Uber’s mobility segment. The revised forecasts also lower expectations for future EBITDA and earnings per share.
Key facts
- 1Wells Fargo reduced Uber's price target to $87 from $92. investing.com
- 2The current stock price was $69.87, implying roughly 25% upside. investing.com
- 3Total‑trip estimates for 2027 and 2028 were cut by 80 basis points each. investing.com
- 4Mobility gross‑booking estimates were lowered 2.6% for 2027 and 3.5% for 2028. investing.com
- 5EBITDA estimates were decreased to $13.9 bn for 2027 and $16.1 bn for 2028. investing.com
- 6Uber's Q3 2026 revenue was $14.8 bn and adjusted EPS was $0.88. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.