Is Uber Technologies, Inc. (UBER) A Good Stock To Buy Now?

Is UBER a good stock to buy? We came across a bullish thesis on Uber Technologies, Inc. on Casteleyn Partnership Substack. In this article, we will summarize the bulls’ thesis on UBER. Uber Technologies, Inc.'s share was trading at $77.26 as of April 21st. UBER’s trailing and forward P/E were 16.33 and 23.04 respectively according to Yahoo Finance.

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States and internationally. UBER delivered exceptionally strong Q4 and full-year 2025 results, reinforcing its position as a scaled global mobility and logistics platform with expanding profitability. The company’s core flywheel—Monthly Active Platform Consumers (MAPCs), Trips, and Gross Bookings—continues to operate efficiently, with MAPCs reaching 202 million (+18% YoY) and Trips growing faster at +22% to 3.75 billion, indicating rising user engagement and frequency.

Gross Bookings also increased 22% to $54 billion, while revenue grew 20% to $14.4 billion, supported by a healthy 26.9% take rate, highlighting strong monetization. Segment-wise, Mobility remains resilient, but Delivery has emerged as a key growth driver, achieving a $100 billion annualized run rate, with further upside from grocery and retail expansion.

Uber’s “Super-App” strategy is gaining traction, as 40% of users now engage across multiple services, improving retention and lowering acquisition costs, while a balanced marketplace of 9.7 million drivers and couriers sustains network efficiency. High-margin adjacencies are scaling rapidly, with Uber One membership growing 55% to 46 million users, advertising surpassing a $2 billion run rate, and AI integration enhancing operational efficiency.

The company is also positioning itself at the center of the autonomous vehicle ecosystem, leveraging partnerships and its demand density to act as the critical infrastructure layer, rather than competing directly in AV manufacturing. Management remains focused on disciplined capital allocation, including aggressive share buybacks and selective M&A. With strong free cash flow generation, improving margins, and a reasonable valuation, Uber presents a compelling long-term opportunity contingent on successful execution in the evolving AV landscape.

Previously, we covered a bullish thesis on Uber Technologies, Inc. (UBER) by Quality Equities in March 2025, which highlighted strong network effects, improving profitability, and long-term upside from free cash flow growth and AV optionality. UBER’s stock price has appreciated by approximately 2.18% since our coverage. Casteleyn Partnership shares a similar view but emphasizes on platform efficiency, monetization expansion, and AI-driven growth.

Uber Technologies, Inc. is on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 147 hedge fund portfolios held UBER at the end of the fourth quarter which was 143 in the previous quarter. While we acknowledge the risk and potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UBER and that has 10,000% upside potential, check out our report about this cheapest AI stock.