Will Uber Hit $100 This Year?
AI-summarised brief · reviewed before publication
Uber's business is thriving with 3.6 billion trips, 199 million monthly active platform consumers, and 50 million Uber One members driving half of Gross Bookings. However, the stock is down 15.74% year to date, trading at $68.85. The company's Q1 2026 GAAP net income collapsed by 85.19%, driven by a $1.50 billion equity investment revaluation headwind. Autonomous vehicle competition fears and business model changes have added to the pressure, with the stock down 7.83% in the past month and 19.59% over the past year.
💡 Why It Matters
- · A 45.2% gain is required for Uber to reach $100 per share, implying a forward P/E of 18x.
- · However, the company's base case of $116.65 already implies a forward P/E of 13x, suggesting that a re-rating of roughly 5.1x is necessary for the $100 target to be reached.