Is Uber Technologies Shares Lagging Behind the Nasdaq?

Overview of Uber Technologies, Inc.

Uber Technologies, Inc., headquartered in San Francisco, California, boasts a market capitalization of $149.9 billion. As a leading global technology enterprise, Uber operates in regions including North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific. The company’s business is divided into three main areas: Mobility, Delivery, and Freight. Uber’s offerings span ride-hailing, micromobility solutions, and delivery services for food, groceries, and packages.

Uber’s Market Position and Services

Uber is classified as a large-cap stock, given its valuation well above $10 billion. Beyond its core platforms, Uber facilitates digital logistics and freight transportation, efficiently linking shippers and carriers through its comprehensive marketplace.

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Recent Stock Performance

Uber’s share price has dropped 26.7% from its 52-week peak of $101.99. Over the past quarter, the stock declined 12.7%, underperforming the Nasdaq Composite, which slipped by only 1.5% during the same period.

Long-Term Trends and Technical Analysis

Looking at the past year, Uber’s stock has fallen 1.4%, trailing the Nasdaq Composite’s 19.9% gain. Year-to-date, Uber shares are down 8.5%, while the Nasdaq has seen a smaller decrease of 1.6%.

Since December of last year, Uber’s stock has remained below its 200-day moving average, and it has also traded under its 50-day moving average since November.

Recent Earnings and Market Reaction

On February 4, Uber’s stock price slid 5.2% after the company issued guidance for Q1 2026 gross bookings and adjusted core profit that fell short of expectations. The company attributed these challenges to a strong U.S. dollar and unfavorable weather conditions. Although Uber’s Q4 2025 revenue surpassed forecasts at $11.96 billion, investor confidence waned as adjusted earnings per share came in at $0.23 and operating income reached $770 million, impacted by a 20.5% increase in costs totaling $11.19 billion.

Comparison with Peers

In contrast, ServiceNow, Inc. (NOW) has performed even worse than Uber, with its stock dropping 28.7% year-to-date and 42% over the past twelve months.

Analyst Outlook

Despite Uber’s recent underperformance compared to the Nasdaq, analysts remain optimistic. Out of 51 analysts, the consensus rating is “Strong Buy.” The average price target stands at $106.27, indicating a potential upside of 45.9% from current levels.