Uber shares trade at $69.31, 30% below their 52-week high, and the average analyst target of $100.86 implies 45.5% upside. Evercore ISI's Mark Mahaney holds the Street-high $150 target and expects the stock to more than double. Pressure came from third-quarter adjusted EPS guidance of 84 to 88 cents, below the 89 cents expected, plus plans to spend more than $10 billion on robotaxis amid reports Waymo may end its partnership. Mahaney's bull case rests on Uber becoming the orchestrator of autonomous fleets, delivery revenue growth of 28%, and trailing free cash flow above $10 billion for the first time, and the CEO has also bought 141,000 shares. The article calls the roughly $100 consensus target more realistic, and flags risks from AV spending hurting margins or Waymo walking away.
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