Uber Stock: Wall Street Stays Bullish as Delivery Hero Deal Takes Shape

TLDR

• Citizens kept its Market Outperform rating and $100 price target on UBER after the Delivery Hero acquisition announcement
• Uber offered €41.50 per share for Delivery Hero, valuing the deal at roughly $13.7 billion
• The acquisition adds 24 new delivery markets where Uber already runs mobility operations
• TD Cowen and Guggenheim also maintained Buy ratings, with targets of $118 and $125 respectively
• GuruFocus puts UBER’s fair value at $96.98, suggesting the stock is about 25% undervalued at current levels

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Uber is making a major move in the delivery space. The company announced an offer to acquire Delivery Hero at €41.50 per share, putting the equity value at around $13.7 billion after accounting for Uber’s prior purchases.

Uber Technologies, Inc., UBER

The deal immediately drew attention from Wall Street analysts. Citizens was first to weigh in, keeping its Market Outperform rating and $100 price target unchanged. UBER was trading around $72.46 at the time of the analyst note.

Citizens analyst Andrew Boone said the deal was done at roughly 8x 2027 estimated EBITDA. That’s a notable discount to Uber’s own EV/EBITDA multiple of 20.78x, meaning the math works in Uber’s favor if synergies come through.

The firm said the valuation is justified as long as the expected synergies are actually delivered. Citizens views delivery as more defensible than mobility, which adds weight to the deal from a strategic standpoint.

The 24 new markets brought in through Delivery Hero fill gaps where Uber already has a mobility footprint. That overlap could make integration smoother than a cold entry into new territory.

The acquisition fits Uber’s broader push to build a “super app” — a single platform covering rides, food, grocery, convenience and retail. This deal moves that strategy forward in one transaction.

Analyst Reaction

TD Cowen also held its Buy rating on UBER, keeping a $118 price target. Analyst John Blackledge pointed to strong delivery segment growth and estimated Q2 gross bookings at $57.1 billion, up 22.2% year-over-year.

Guggenheim kept its Buy rating too, with the highest target on the Street at $125. The firm highlighted Uber’s autonomous vehicle expansion and expects the company to be running AV trips in 18 cities globally by year-end, ahead of its original 15-city target.

Jefferies rounded out the bullish camp with a $110 target. Its focus was on sustaining high-teens growth in Mobility Bookings and watching whether the delivery segment can hold up against tougher year-over-year comparisons.

Valuation Picture

GuruFocus calculates Uber’s GF Value at $96.98, putting the stock about 25.1% below fair value at its current price of $72.61. The GF Score sits at 82 out of 100.

The company scores particularly well on growth (9/10) and valuation (8/10). Profitability comes in at 5/10, which is the one area analysts flag as having room to improve.

Uber’s trailing twelve-month P/E stands at 18.11x, just below its five-year median of 18.51x. No insider buying or selling has been reported in the past three months.

TD Cowen reiterated its Buy rating on July 17, 2026, the same day Citizens released its note.