Uber Q3 Earnings Preview: The Buy Case Does Not Need A Rerating

What happened: An analyst maintains a Buy rating on UBER ahead of Q3 earnings, citing confidence in sustainable gross bookings growth and free cash flow expansion. Key numbers: 20% gross bookings growth targeted; free cash flow growth to $13B by 2027; leverage below 2x EBITDA targeted after the Delivery Hero acquisition. Why it matters: The analyst frames Q3 as a critical test of UBER's ability to sustain growth, show capital discipline, and preserve its asset-light model amid high expectations.

An analyst maintains a Buy rating on UBER ahead of Q3 earnings, citing confidence in sustainable gross bookings growth and free cash flow expansion.

The analyst frames Q3 as a critical test of UBER's ability to sustain growth, show capital discipline, and preserve its asset-light model amid high expectations.