Uber steadies before earnings as traders eye $97 breakout
$Uber(UBER)$
$95.76 (+0.35%): Range hold ahead of earnings; reclaim $97 opens $99–$101
Market Recap (as of Oct 29, 2025):
Uber closed $95.76 (range $94.53–$96.89) on 12.75M shares vs 16.30M avg (~0.78×), suggesting orderly positioning into the Nov 4 earnings. Price sits ~6% below the 52-wk high ($101.99).
The tape favored quality growth; ride-hail/delivery peers were mixed, keeping UBER in a tight band beneath near-term resistance.
Technical Indicators Analysis:
RSI(14) ~52 (neutral) with MACD curling up toward/after a bull cross from sub-zero—momentum stabilizing. Price is tracking the EMA20/EMA50 cluster around $95–96;
successive higher lows since last week frame a constructive setup. Base case (1–3 weeks): sideways-up.
A decisive close > $97 unlocks $99–$101; failure to hold the EMA band risks a dip to low-$93s to rebuild energy.
Support / Resistance:
Support: $92/$94.5
Resistance: $98.0/$99.0
Valuation and Target Range:
YF shows EPS (TTM) ≈ $5.87; at the close that implies a simple TTM P/E ~16.3× (YF P/E field may be N/A due to adjustments), below the S&P 500 (~25×) and near large-cap growth medians.
Near term, expect $95–$99 consolidation; a daily close > $99 targets $101–$103.
News:
Uber plans 100,000 robotaxis by 2027; pilots in San Francisco; faces 40% booking threat, Uber Technologies UBER is slated to release third-quarter 2025 results on Nov. 4, before market open.
The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 67 cents per share and $13.26 billion, respectively.
Risk Statement:
Upcoming earnings, macro demand, and regulatory/driver-classification headlines can create gaps and sharp reversals. This is technical commentary only, not investment advice—use strict risk controls.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 29, 2025). Prepared by Tiger Morning Brief | For internal use only.
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