Uber Price Target Raised to $107 by UBS After Q3 Earnings Miss
As seen on the 24/7 Wall St. homepage on November 5, 2026.
UBS nudged its Uber target to $107 from $106 and kept a Buy even after mobility growth missed expectations, signaling analysts view the driver shortage squeezing near-term margins as temporary.
Wall Street updates its price targets on Uber $UBER following its Q3 earnings, with analysts highlighting driver supply constraints and near-term margin pressure: UBS: $106 → $107 (Buy) – Mobility growth missed expectations due to driver shortages, but improving supply supports https://t.co/7Pk6oLM88R
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UBS raised its Uber price target by a dollar to $107 and held its Buy rating even after mobility growth missed expectations, a signal that the bank views current headwinds as short-lived.
Analysts flagged driver supply as the culprit: shortages constrained how much ride volume Uber could fulfill in the quarter, and that gap between available drivers and rider demand pushed near-term margins lower.
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UBS's willingness to nudge its target higher, even after a miss, suggests it expects driver availability to recover and ease the margin pressure that defined Q3.
For investors, the question coming out of this Q3 earnings report is how quickly that supply recovery materializes. If driver availability rebounds faster than the market expects, the near-term margin drag reverses and the current setup looks more attractive than the headline miss implies.
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