Uber Technologies (NYSE: UBER) has soared to fresh all-time highs in 2025, fueled by a string of robust earnings beats and growing optimism about its future trajectory. UBER recently posted a first-quarter earnings report, delivering earnings per share (EPS) of $0.83—far surpassing analyst expectations of $0.51.
This marked a 62.7% positive surprise and underscored Uber’s operational efficiency and expanding profit margins, even as revenue of $11.53 billion came in just shy of forecasts.
The market’s response has been dramatic. Uber’s stock reached a record high of $93.60 in May 2025, reflecting a year-to-date surge of over 50%. This momentum is underpinned by strong growth in both its core Mobility and Delivery segments, with gross bookings and user engagement continuing to climb. Uber’s adjusted EBITDA hit a record $1.9 billion, up 35% year-over-year, and free cash flow generation remains robust at $2.3 billion last quarter.
Analysts remain bullish on Uber’s outlook. Major investment banks have raised their price targets, with Goldman Sachs now projecting $110 and JPMorgan setting a $105 target, citing Uber’s leadership in autonomous vehicle partnerships and its expanding role as a platform for both human-driven and self-driving services. The company’s partnerships with autonomous vehicle leaders like Waymo and WeRide are expected to further reduce operational costs and drive long-term profitability.
Looking ahead, Uber’s management projects continued top-line growth and steady margin improvement. The company is guiding for second-quarter gross bookings of $46.5 billion, ahead of consensus estimates, and adjusted earnings are expected to remain strong. Revenue is forecasted to grow from $44.3 billion in 2024 to nearly $51 billion in 2025, with analysts predicting the stock could reach between $90 and $106 by year-end and as high as $115 over the next 12 months.
While the short-term reaction to minor revenue misses has led to some volatility, the long-term trend remains positive. Uber’s strategic focus on technology, international expansion, and capital discipline—including share buybacks—positions it as a leader in the evolving mobility and delivery landscape.
For investors, Uber’s all-time high is not just a milestone but a signal of strong fundamentals and significant future growth potential.
