Technical Analysis: Based on recent price action, UBER has shown a significant upward trend, reaching $79.26 on the last trading day. The stock experienced a slight pullback of -1.28%.
News Impact Analysis: Several key developments are influencing UBER's price movement:
Legal Development: UBER filed a lawsuit against DoorDash for alleged anticompetitive practices. While this shows UBER's commitment to defending its market position, legal battles could create short-term volatility.
Strategic Partnership: UBER's CEO expressed interest in partnering with Tesla for autonomous vehicles, indicating potential future growth opportunities in the autonomous driving space.
Price Prediction for Next Week: Based on technical indicators and recent news sentiment:
Target Price Range:
Trading Recommendation: HOLD
The price of UBER is predicted to go up -20.1%, based on the high correlation periods with MKL. The similarity of these two price pattern on the periods is 97.55%.
UBER
MKL
Year
UBER Price Forecast($)
Potential Return(%)
2025
90.000
39.340
2026
90.000
34.630
2027
95.000
42.110
2028
120.000
79.510
2029
120.000
79.510
2030
120.000
79.510
Uber's position in the autonomous vehicle race could equalize gross and net revenue, after no longer needing to pay drivers.
Pressure to pay a minimum amount per trip to its contracted drivers could create a barrier to entry for smaller players, helping Uber in the long run.
Uber's aggregation of multimodal offerings will drive in-app stickiness, making Uber a one-stop shop for all transport needs.
DA Davidson
2025-02-06
Price Target
$84 → $80
Upside
+14.3%
Wolfe Research
2025-01-03
Price Target
$90 → $92
Upside
+42.44%
Goldman Sachs
2025-01-02
Price Target
$96
Upside
+51.97%