Uber Inc. (UBER) PT Lowered to $92 at Cantor Fitzgerald

Cantor Fitzgerald analyst Deepak Mathivanan lowered the price target on Uber Inc. (NYSE: UBER) to $92.00 (from $99.00) while maintaining an Overweight rating.

The analyst commented, "UBER reported 4Q results with GBs 2% above and EBITDA largely in line with prior street estimates (Visible Alpha). At the segment level, Rides GB growth remained stable, while Eats accelerated by 2-pts. On outlook, UBER guided 1Q GB growth to 17-21% FXN, in line with recent growth. Meanwhile, UBER expects 1Q PF EPS of $0.65-0.72 or EBITDA of $2.42B (or 4.6% margin at midpoint), which came in 1% below prior street estimates, with slightly lower incremental margins vs. 4Q. On the call, the company addressed several misconceptions about UBER's competitive position in AV. Overall - UBER's fundamental outlook for 2026 remains strong with plenty of favorable tailwinds to growth. However, we do not anticipate debates on AV to be settled in the near term. At 16x FY27E GAAP EPS, we like the risk/reward on UBER shares. We reiterate our Overweight rating and have revised our PT to $92 (vs $99 previously) based on a blended average 22x FY26E/FY27E GAAP EPS (vs 16x FY26E/FY27E EV/EBITDA, previously)."

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