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What this page is: Delvantic's full research page for Uber Technologies, Inc. (UBER) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Our current read (analysis of 2026-10-07): Designation Low · Gem Score -17 (−100…+100 Quality+Value blend) · Quality 43 · Value -57 · Sentiment 48 (timing only, not weighted) · Composite fair value $47.07 vs $78.82 at analysis
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profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
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Uber Technologies, Inc.
UBER NYSEUber Technologies, Inc. operates a leading global platform connecting riders with drivers for on-demand transportation services, including ride-hailing, carpooling, and premium options like Uber Black and UberX. Beyond mobility, the company provides Uber Eats, a robust food delivery service linking restaurants, grocers, and consumers for convenient meal and grocery fulfillment. Uber Freight facilitates freight transportation by matching shippers with carriers to optimize logistics efficiency. Founded in 2009 and headquartered in San Francisco, California, Uber Technologies, Inc. leverages advanced technology, including mapping, routing, and real-time tracking, to serve millions of users across urban and suburban areas worldwide. The platform supports diverse payment methods, accessibility features for riders with disabilities, and safety tools such as ride check-ins and emergency assistance. Uber Technologies, Inc. plays a pivotal role in the on-demand economy, transforming urban mobility, food delivery, and freight logistics through its integrated app ecosystem that caters to individuals, businesses, and enterprises seeking reliable, scalable transportation and delivery solutions.
Price Overview
Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 4.73
Total Equity: $28.08B
Shares: 2,119,689,000
Total Debt: $10.52B
Cash: $7.11B
EBITDA: $6.28B
Total Debt: $10.52B
Cash: $7.11B
Revenue: $52.02B
Revenue: $52.02B
Revenue: $52.02B
Total Equity: $28.08B
Tax Rate: -74.9%
Equity: $28.08B
Total Debt: $10.52B
Cash: $7.11B
Current Liabilities: $12.32B
Long-Term Debt: $10.52B
Total Debt: $10.52B
Total Equity: $28.08B
Shares: 2,119,689,000
Shares: 2,119,689,000
CapEx: -$336.00M
Shares: 2,119,689,000
Stock Price: $70.37
Net Income: $10.05B
Industry Benchmarks
Income Statement (Annual)
Last updated: Jul 30, 2026 10:38pm (69d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $17.5B | $31.9B | $37.3B | $44.0B | $52.0B |
| Cost of Revenue | $9.4B | $19.7B | $22.5B | $26.7B | $31.3B |
| Gross Profit | $8.1B | $12.2B | $14.8B | $17.3B | $20.7B |
| Operating Expenses | $11.9B | $14.1B | $13.7B | $14.5B | $15.1B |
| Operating Income | -$3.8B | -$1.8B | $1.1B | $2.8B | $5.6B |
| Net Income | -$496.0M | -$9.1B | $1.9B | $9.9B | $10.1B |
| EBITDA | -$2.9B | -$885.0M | $1.9B | $3.5B | $6.3B |
| EPS | $-0.26 | $-4.64 | $0.93 | $4.71 | $4.82 |
| EPS (Diluted) | $-0.29 | $-4.65 | $0.87 | $4.56 | $4.73 |
Balance Sheet (Annual)
Last updated: Jul 30, 2026 8:32pm (69d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $4.3B | $4.2B | $4.7B | $5.9B | $7.1B |
| Total Current Assets | $8.8B | $9.2B | $11.3B | $12.2B | $14.0B |
| Total Assets | $38.8B | $32.1B | $38.7B | $51.2B | $61.8B |
| Current Liabilities | $9.0B | $8.9B | $9.5B | $11.5B | $12.3B |
| Long-Term Debt | $9.3B | $9.3B | $9.5B | $8.3B | $10.5B |
| Total Liabilities | $23.4B | $23.6B | $26.0B | $28.8B | $33.7B |
| Total Equity | $15.3B | $8.5B | $12.7B | $22.5B | $28.1B |
| Retained Earnings | -$23.6B | -$32.8B | -$30.6B | -$20.7B | -$10.6B |
Cash Flow (Annual)
Last updated: Jul 30, 2026 10:38pm (69d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$445.0M | $642.0M | $3.6B | $7.1B | $10.1B |
| Capital Expenditure | -$298.0M | -$252.0M | -$223.0M | -$242.0M | -$336.0M |
| Free Cash Flow | -$743.0M | $390.0M | $3.4B | $6.9B | $9.8B |
| Acquisitions (net) | -$2.3B | -$59.0M | $0 | $0 | -$815.0M |
| Net Debt Issued / (Repaid) | $1.5B | $0 | $149.0M | -$14.0M | $1.0B |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | — | $0 | $0 | -$1.3B | -$6.5B |
| Net Change in Cash | $65.0M | -$1.1B | $327.0M | $1.6B | $1.0B |
Growth Trends (YoY %)
Last updated: Jul 30, 2026 10:38pm (69d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +82.6% | +17.0% | +18.0% | +18.3% |
| Gross Profit Growth | +50.8% | +21.3% | +16.9% | +19.3% |
| Operating Income Growth | +52.2% | +160.6% | +152.2% | +98.8% |
| Net Income Growth | -1,742.9% | +120.6% | +422.3% | +2.0% |
| EBITDA Growth | +69.8% | +318.4% | +81.6% | +79.0% |
Deep Analysis
Risk : Reward — upside vs downside from this company's own quarters
Computed 2026-09-18 02:44A +1σ run of quarters pays +5%; a −1σ run costs 40%. Ratio 0.1:1 (μ 17.1%, σ 8.0% floored by longrun, 16 pairs).
Older method (repeat-worst-quarter): -0.2 : 1
| Case | Growth | Margin | Fair value | vs price ($78.82) |
|---|---|---|---|---|
| Bull — recovery | +20% | 19.9% | $73.87 | -6% |
| Base — stabilizes | +13% | 17.3% | $53.72 | -32% |
| Bear — keeps slipping | +7% | 14.7% | $38.24 | -51% |
| Stress — last quarter repeats | +12% | 19.1% | $56.85 | -28% |
| Upside — a +1σ run of quarters (v2) | +25% | 19.1% | $83.13 | +5% |
| Stress — a −1σ run of quarters (v2) | +9% | 17.0% | $46.94 | -40% |
Narrative Economics
market-narrative step).
Growth Outlook
Analyzed 2026-08-28 23:59The question every valuation on this page silently assumes: is this company likely to grow? Judged forward — the business, its category, the world — against what's already printed.
Claude Reading
Looking at the raw quarterly print first: Q2 2026 revenue of $14.19B vs Q2 2025 of $12.65B is 12.2% YoY — a meaningful deceleration from the 18.3% "recent YoY" the momentum module cites, which appears to average over a larger window. Sequential from Q1 2026's $13.20B is 7.5%, healthy but not spectacular. More importantly, net income is wildly noisy: the $6.63B Q3 2025 and $6.88B Q4 2024 prints are almost certainly deferred tax asset releases and equity-investment mark-to-market gains (Didi, Aurora, Grab stakes), not operating earnings. Strip those out and Q1/Q2 2026 net income of $263M and $2.39B against $27.4B in half-year revenue implies operating net margin closer to 9-10%, not the headline 19.3% annual figure. The synthesis engine's "28x normalized earnings" is probably closer to the truth than the reported 16.7x P/E.
The balance sheet and FCF story, however, is genuinely strong and under-discussed by the bears. $9.76B FCF on $52B revenue is an 18.8% FCF margin with only $336M capex — this is a capital-light compounder, and at $157B market cap that's a 6.2% FCF yield, which is not obviously expensive for a business growing revenue in the mid-teens. Net debt is $3.5B against $28B equity; ROIC of 30.8% is real (though inflated by the tax-asset release boosting the numerator). The synthesis DCF pinning fair value at $39.74 requires believing FCF growth collapses to single digits almost immediately — possible, but 70.4% FCF CAGR off a real base doesn't decay that fast without a specific catalyst. I think the synthesis is too harsh; $44 fair value implies a 4.5% market cap / FCF multiple that would be cheap even for a no-growth utility.
The 72 million share insider sale on 2026-08-17 is the loudest signal in the file and deserves more weight than "unusual selling activity" gives it. At ~$78, that's roughly $5.7B of stock — this is either a large secondary/SoftBank-style unwind or a top-tier insider distribution, and in either case it caps near-term upside. Combined with quarterly revenue decelerating from 18% to 12% YoY and the earnings YoY of just 2% (once you normalize away the tax gains), the setup is: fundamentals are fine, valuation is stretched but not absurd, and the marginal seller is enormous. The narrative-economics layer's "$34B story premium" feels directionally right but the AV optionality it dismisses is asymmetric — Waymo/Tesla partnerships could either be existential threat or margin windfall, and the market isn't wrong to keep some option value on the tape.
Where I part ways: the thesis-eval headline calling this "priced for a heroic AV leap" overstates it — at 26x normalized earnings for a business with 30%+ ROIC, mid-teens growth, and 19% FCF margins, this is priced for competent execution, not miracles. I agree with the synthesis direction (overvalued) but strongly disagree with the magnitude — $44 is a bear-case anchor, not fair value. Fair value is closer to $60-65 (roughly 20x normalized FCF/share, ~22% discount to spot), which makes this a "trim, don't short" situation. The 72M share insider sale is the near-term overhang; wait for it to clear and for one more quarter to confirm whether Q2's 12% YoY growth is a floor or a new trend. Decelerating revenue + massive insider distribution + full valuation is not a combination that rewards patience on the long side at $78.
GPT Reading
Uber’s core operating story is better than the bearish models are giving it credit for, but the accounting story is messier than the headline multiples imply. Revenue has scaled from $17.5B in 2021 to $52.0B in 2025, an 18% CAGR, and the latest quarter at $14.19B was up 12.2% from $12.65B a year earlier. That is not a no-growth “mature earner.” At the same time, the profit line is visibly distorted by non-operating gains: quarterly net margins swing from 2.0% to 49.2% to 16.9%, and annual net income of $9.86B in 2024 and $10.05B in 2025 sits far above operating income of $2.80B and $5.57B. So the 16.7x P/E is flattering. If I anchor on operating earnings and cash flow instead, Uber looks more like a business generating real but still-developing platform economics: 2025 operating margin was 10.7%, gross margin 39.8%, operating cash flow $10.1B, and free cash flow $9.76B on just $336M of capex. That is the key fact pattern here: this is now a genuinely cash-generative marketplace, not a speculative turnaround.
What stands out most is the unusual combination of strong top-line growth and very asset-light cash conversion. FCF at nearly $9.8B on $52.0B of revenue is an 18.8% FCF margin, far stronger than the operating margin would suggest. Some of that is working-capital and stock-based-comp effects, so I would not blindly annualize it forever, but even after haircutting it, Uber is not expensive in the way a simple DCF-to-$44 conclusion suggests. At a $157B market cap, the stock trades around 16x trailing FCF and about 3.2x sales. For a scaled two-sided platform still growing revenue in the mid-teens, with net debt only about $3.5B ($10.6B debt less $7.1B cash), those are not heroic terms. The business has crossed the threshold where scale matters: annual gross profit rose from $8.1B in 2021 to $20.7B in 2025, and operating income went from negative $3.8B to positive $5.6B. That says the model is not tapped out on margins yet, even if the accounting NI line overstates current earning power.
I think the stock is roughly fairly valued to modestly undervalued around $79 because the market is paying for a proven profitability inflection, not a fantasy. If I normalize earnings power somewhere between 2025 operating income of $5.6B and 2025 FCF of $9.8B, Uber is trading at something like 19-28x a reasonable normalized after-tax operating earnings number, which is not cheap but is acceptable for a category leader still compounding revenue above 10%. The valuation debate comes down to whether you think 10-12% operating margins are close to ceiling or merely a waypoint. The quarterly revenue run-rate, from $11.19B in 2024’s third quarter to $14.19B by 2026’s second quarter, argues the demand side is still healthy. The balance sheet does not force caution, and ROIC above 30% and ROE at 35.8%—while inflated by the accounting gains—still point to a business with substantial economic leverage. My read is that the market is mostly right to reward the transition, but not so euphoric that the stock must be 40% overvalued.
The strongest argument against that view is that Uber’s “cheap” valuation disappears once you strip out the noise and question cash flow quality. The annual net income numbers are clearly boosted by mark-to-market or other below-op-line items; recent earnings growth is only 2% despite 18.3% recent revenue growth; and quarterly margins collapsing from 57.6% or 49.2% to 2.1% and 2.0% remind you how unreliable GAAP net income is here. EV/EBITDA at 26.7x is not cheap for a company with regulatory overhang, delivery competition, and uncertain long-term pricing power. A skeptic would also point to decelerating revenue growth, current ratio of only 1.14, and the giant 72 million share insider sale as evidence that insiders may view the stock as full. Most importantly, if you think 2025 FCF materially overstates sustainable owner earnings, then paying $157B for a marketplace producing only $5-6B of clean operating profit can indeed look rich.
What would change my mind is not another headline net income beat; it would be either confirmation or failure of margin durability. If the next few quarters show revenue still compounding above 12% while operating margin holds or expands above the 10.7% 2025 level without help from investment gains, I would become more constructive and comfortable underwriting value above $85. Conversely, if revenue growth slips toward high single digits and annualized operating income stalls around $5.5B while FCF drops well below $8B, the bear case wins and fair value looks closer to the low $60s. The tell will be whether Uber can convert this scale into consistent operating earnings, not episodic net-income spikes.
Grok Reading
Uber’s raw financials describe a completed pivot from cash-burning growth story to a high-return, asset-light cash compounder. Revenue scaled from $17.5B in 2021 to $52.0B in 2025, an 18% CAGR, while operating income flipped from –$3.8B to +$5.57B and free cash flow reached $9.76B on only $336M of capex. Trailing net margin of 19% and ROIC of 31% are the numbers of a mature platform, not a speculative app. The latest quarter ($14.19B revenue, $2.39B net income, 16.9% margin) shows the earnings power is no longer purely one-off; even after stripping the earlier 49–57% margin quarters that were clearly inflated by investment gains and tax items, run-rate profitability is real. At a $157B enterprise the stock trades at 16× trailing FCF and 16.7× reported earnings—multiples that look ordinary for a business still growing mid-teens with network density that continues to expand. Balance-sheet leverage is modest (debt/equity 0.38, net debt only ~$3.5B), so the cash generation is not levered window-dressing.
Where the tape diverges from the clean story is growth deceleration and earnings quality noise. Recent year-on-year revenue growth has slipped from the high teens into the 12–14% range, and the “Good Revenue Confidence” flag already notes a decelerating quarterly trend. Reported net income remains extremely lumpy—$263M in Q1 2026 versus $2.39B in Q2—reminding anyone that equity-method marks and discrete tax items still swing the bottom line by billions. EV/EBITDA of 26.7× is the multiple that refuses to look cheap once you normalize for those items and accept that operating margin has so far stalled near 11%. The 72 million share insider sale in mid-August 2026 is not routine 10b5-1 dribble; it is an unusual liquidity event that undercuts management’s “still early” messaging.
The strongest contrary case is that 16× FCF for an 18% revenue grower with 30%+ ROIC and a two-sided marketplace moat is actually inexpensive, and that the valuation models spitting out $44 fair value are anchored too tightly to a conservative EBIT run-rate while ignoring the $10B cash-flow reality. A bull can also point to advertising, freight and international mix as still-under-monetized levers that could re-accelerate both growth and incremental margins without heroic autonomous-vehicle assumptions. I weigh that case secondary because the deceleration is already visible in the quarterly prints, the narrative premium (platform-monopoly, super-app) is explicitly carrying tens of billions of market value according to the engine itself, and regulatory and driver-cost risks have not disappeared simply because GAAP profits arrived. Paying 27× EBITDA for low-teens growth plus execution risk on AV optionality leaves little margin of safety once the re-rating from “unprofitable disruptor” to “mature earner” is complete.
I would reverse to constructive if the next two quarters re-accelerate revenue growth back above 18% while operating margin expands through 13–14%, or if FCF sustainably clears $11B without reliance on working-capital swings. Conversely, a print of sub-10% revenue growth or another multi-ten-million-share insider cluster would confirm the overvaluation signal and push me fully bearish.
Qwen Reading local experiment · off-panel
The number that jumps off the page and that I think the prior models underweight is the operating income trajectory: $1.11B in 2023, $2.80B in 2024, $5.57B in 2025. That is not a one-time tax benefit or a one-off asset sale. That is a two-sided marketplace generating roughly 2x operating income year over year on a revenue base that is itself growing 18%. The gross margin of 39.7% means Uber keeps roughly 40 cents of every dollar after paying drivers and riders, and the fact that operating income is nearly doubling while revenue grows 18% tells me the cost structure is genuinely de-leveraging. Pair that with $9.76B in free cash flow against only $336M of capex, and you have a business that converts revenue to cash at a rate that would make a SaaS CFO envious. The 6.8% FCF yield on a $143B market cap, for a company still compounding revenue at 18%, is the single most important data point in this entire briefing, and I think the 14.88x P/E headline obscures it because it's built on a net income figure that is badly distorted.
And that distortion is the contradiction I need to flag. Look at the quarterly net income: 49.2% margin in Q3 2025, 57.6% in Q4 2024, then 2.1% in Q4 2025 and 2% in Q1 2026. Those are not operating results; they are one-time items — likely tax settlements, investment mark-to-market gains, or asset disposals — hitting specific quarters. The "real" earnings power is closer to the operating income line, which implies normalized net income in the $5-7B range rather than the reported $10.05B. On that basis, the effective multiple is 20-28x, not 14.9x. The valuation synthesis model's $89.39 composite fair value and $109.94 signal-adjusted figure are, in my view, built on the inflated net income and therefore overstate the upside. The 56% implied gain is not credible. A more honest anchor is the FCF yield: at $9.76B FCF growing at a 70% CAGR (from a low base, yes, but the direction is unambiguous), a 15-20% re-rating to a 5-6% FCF yield would put the stock in the $80-90 range. That is a 15-25% upside, not 56%.
The strongest case against my read is the revenue deceleration hiding inside the 18% CAGR. The most recent quarter, Q1 2026 at $13.20B, is up only 14.5% year over year versus $11.53B a year ago, and the secondary signals explicitly flag the quarterly trend as decelerating. A smart bear would point out that Uber's 18% growth is a blended number across Mobility, Delivery, and Freight, and that the Delivery segment — where DoorDash is the most direct competitor and where unit economics are the thinnest — is the fastest-growing but also the most vulnerable to price competition and regulatory intervention on driver classification. The 39.7% gross margin is a function of Uber's current cost allocation to drivers; a single adverse ruling in California or a sustained wage floor could compress that by 3-5 points and wipe out a meaningful chunk of the operating leverage I'm celebrating. I weigh this risk seriously, but I note that the operating income has grown from negative to $5.57B in four years despite all the regulatory noise, which suggests the network effects and pricing power are more durable than the bear case assumes.
What would change my mind in either direction. On the bear side: if Q2 2026 revenue comes in below $13.5B (implying YoY growth under 12%) or if operating margin compresses below 9% for the first time in three years, the operating leverage thesis is broken and the 14.9x P/E is actually expensive for a decelerating marketplace. On the bull side: if Uber announces a meaningful autonomous vehicle partnership with a concrete deployment timeline in 2027, or if the Freight segment shows standalone profitability, the TAM expansion argument becomes real rather than aspirational, and the 6.8% FCF yield becomes a floor rather than a ceiling. I am not pricing in either of those today.
Big-3 Panel — where each AI stands
Advanced Analysis Forensic deep-dive · separate lenses
The trajectory is genuinely impressive: revenue compounded from $17.5B (2021) to $52.0B (2025), operating margin swung from -22% to +10.7%, and FCF went from -$743M to $9.76B in four years. Earnings quality checks are clean - Altman Z of 3.73 sits in the safe zone, Beneish M of -2.29 shows no manipulation flags, and accruals at -6% of assets with OCF/NI of 0.89x indicate cash-backed earnings. Net income of $10.05B on $52B revenue with $9.76B FCF is a real, high-conversion earner now, not a story stock. Gross margin has stabilized around 39-40% and operating leverage is clearly unlocking. The concerns are structural rather than acute. Net debt of -$2.97B means the balance sheet is a modest constraint, not a moat, and cash at only 4.9% of market cap gives no strategic cushion. Diluted shares grew from 1.90B to 2.15B (2.8% CAGR), and SBC at 3.5% of revenue is only 91% offset by buybacks - per-share value is leaking despite the operational win. The $471.6M insider sale (single filer, likely 10b5-1 program-sized) is large in absolute terms but hard to read as a signal without context; the rest of the tape is routine option/tax mechanics. Durability rests on two-sided network effects in Mobility/Delivery that the data implies but doesn't prove, and the AV/robotaxi transition is a real long-tail risk not visible in these numbers.
Verify before trusting this (6)
- Was the $471.6M insider sale under a 10b5-1 plan and who was the seller (CEO, founder, other)?
- Segment profitability split between Mobility, Delivery, and Freight - is the earnings inflection broad-based or Mobility-carried?
- Take-rate trends and driver/courier incentive spend - are margins expanding via mix or via structurally lower payouts?
- AV/robotaxi partnership economics (Waymo etc.) and capex commitments not visible in FCF line
- Debt maturity ladder and covenants on the gross debt behind the -$2.97B net cash figure
- Customer/geographic concentration and regulatory exposure (worker-classification cases in EU/UK/CA)
The e2e synthesis pegs composite FV at $39.74 and signal-adjusted FV at $44.32, implying roughly -44% downside from $78.82. The DCF alone comes in at $53.66, still ~32% below spot, while the EPV floor of $11.91 looks like a runaway low-side method (pre-inflection earnings power) and should be discounted heavily rather than taken literally. Even generously anchoring to the DCF and adding a quality premium for the genuine profitability inflection and ~$10B FCF, deserved value lands in the mid-$50s to low-$60s, not near $80. The gap is real but not catastrophic - this is 'priced for perfection,' not a bubble.
Verify before trusting this (5)
- Take-rate trajectory in Mobility and Delivery in next 10-Q
- Incremental margin on ads revenue and its disclosure
- Insurance and driver-classification cost trends in US/UK/EU
- Guidance on gross bookings growth vs GAAP EPS conversion
- SBC as % of revenue and buyback pace vs issuance
The tape is mildly risk-on (VIX 14, S&P near highs) and UBER's 1.15 beta means it captures that lift cleanly. More importantly, the active narrative on this name is a 'platform-monopoly / super-app' story at strong intensity with medium cult - exactly the archetype that gets bid in a calm, risk-on regime. Recent news flow reinforces it: robotaxi permits granted, AI scaling without cost bloat, a takeover-chatter headline, and a string of positive earnings-driven up-days in August. Momentum is strong-positive and analyst tone (Market Outperform, $100 PT vs $78.82) leans constructive.
Verify before trusting this (4)
- Whether the Dutch fine expands into broader EU regulatory action on driver-classification / automation
- Robotaxi execution milestones vs Tesla's competing catalyst arc - narrative share matters
- Any crack in the risk-on regime (VIX breakout, curve move) that would hit 1.15-beta names first
- Whether the takeover-chatter headline develops or fades - single-headline noise vs real bid
The world is moving toward on-demand consumption of both transport and goods, and Uber sits at the aggregation point of that shift with the deepest two-sided liquidity. Two forces define the next few years: autonomy, which converts driver cost into capital cost and is either Uber's greatest deflator or its greatest disintermediator depending on whether fleets need a demand layer; and higher-for-longer rates, which pressure discretionary delivery frequency while leaving commute and airport mobility largely intact. Neither breaks the growth sign — but both argue the growth rate compresses toward the low teens rather than sustaining high-teens/20%+.
When we made this prediction on Aug 29, 2026, UBER was $78.82. We expect it to be $72.50 by Mar 2027, and we consider it great value under $55.00. This is an early model (v0.6.0) — the direction is more reliable than the exact price. Made Aug 29, 2026.
Blue is our prediction, starting the day we made it. Grey is a slower route to the same place — the same destination, taking longer. Black is the actual price, so you can see how we are doing.