Uber Stock: Jim Cramer Calls Recent Dip a Buying Opportunity After Strong Q3 Beat

TLDR

• Uber shares fell over 5% on Tuesday despite beating revenue and earnings estimates for Q3 2025
• Jim Cramer called the stock a “buy on weakness” and said there’s nothing to worry about from the quarter
• BofA Securities raised its price target to $119, representing a 26% upside from current levels
• Revenue hit $13.47 billion with EPS of $1.20, crushing analyst expectations across the board
• Mobility growth accelerated to 19% year-over-year with trips up 22% in the quarter

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Uber shares took a hit on Tuesday, dropping more than 5% despite delivering third quarter results that beat Wall Street expectations. The selloff came even as the company posted revenue of $13.47 billion and earnings per share of $1.20.

Uber Technologies, Inc., UBER

The company’s revenue beat analyst estimates of $13.26 billion. EPS came in at $1.20, crushing the forecast of $0.69 by nearly 74%.

Uber reported EBITDA of $2.26 billion. That figure came in just below Street expectations of $2.27 billion.

The stock remains up nearly 57% in 2025. That gain reflects steady performance across both the Rides and Delivery segments.

Growth Accelerates Across Key Metrics

Mobility growth hit 19% year-over-year when stripping out foreign exchange effects. Trip volume jumped 22% during the same period.

BofA Securities raised its price target on Uber to $119 from $115. The firm kept its Buy rating on the stock.

The new price target suggests 26% upside from Tuesday’s closing price of $94.67. Uber recently traded near its 52-week high of $101.99.

Profit margins expanded by 1.6 percentage points year-over-year to 16.8%. EBITDA grew 33% as the company increased platform engagement.

Cramer pointed to success with the Uber One membership program. He said it builds customer loyalty and creates steady recurring revenue.

Some investors expressed concern about margin pressure. Cramer dismissed those worries, linking the pressure to competition from DoorDash and Lyft.

Competition and Market Position

Cramer said Uber’s size and efficiency keep it ahead of rivals. He noted that margins can fluctuate but steady growth matters most.

Adjusted cost growth accelerated to 18% from 15% in the second quarter. The increase reflects investments in growth initiatives.

BofA noted that while margin expansion has slowed, profit growth remains strong. The firm highlighted continued gains in market position.

Cramer said the broader market decline likely weighed on the stock. He called it “a tough tape day” rather than a reaction to Uber’s fundamentals.

TipRanks shows Uber has a Strong Buy consensus from analysts. The rating comes from 27 Buy recommendations and 4 Hold ratings.

The average analyst price target sits at $110.61. That implies 16.92% upside from current levels.

Uber’s trailing twelve-month revenue stands at $49.61 billion with EBITDA of $5.29 billion. Growth in retail delivery and demand for lower-cost ride options supported the latest quarter’s performance.

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