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    Learn Why The Bull Case For Uber Stock Could Change Following Amazon Prime Delivery Deal

    Simply Wall St·11/06/2026 08:36:01
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    • Uber Technologies reported mixed third quarter 2026 results, with revenue of US$14.77b and gross bookings ahead of forecasts, while GAAP earnings per share of US$0.25 lagged analyst expectations.
    • Uber Eats secured a new partnership, as Amazon announced Uber as its official U.S. restaurant delivery partner for Prime members, integrating Uber Eats ordering into Amazon.com and the Amazon app with zero delivery fees on qualifying orders.
    • Now the focus shifts to how Uber Technologies' stronger delivery trends and new Amazon Prime tie up may influence the broader investment narrative.

    Compare Uber Technologies' delivery push and new Amazon tie up with other platform plays that screen well on cash flow strength and pricing power using 42 high quality undervalued stocks.

    Uber Technologies Investment Narrative Recap

    To own Uber Technologies, you need to believe its three engines, Mobility, Delivery and Freight, can keep scaling while heavy spending on autonomous vehicles and integrations eventually supports healthier unit economics. The latest quarter showed solid gross bookings and record engagement, but GAAP EPS of US$0.25 and a sharp drop in net income keep profitability under close watch.

    In the near term, the key catalyst is whether management can turn strong usage into consistent earnings quality and cash generation while funding about US$10b of AV commitments. The biggest risk is that AV projects and large platform integrations stay capital intensive without contributing enough trips or margin improvement, which the recent results did not fully resolve.

    The Amazon partnership is the clearest operational swing factor tied to the recent delivery strength. By making Uber Eats the official U.S. restaurant delivery partner for Prime members, Uber Technologies gains direct access to an enormous customer base through Amazon.com and the Amazon app, with zero delivery fees on qualifying orders acting as a powerful acquisition tool.

    For investors, the question is whether this tie up materially raises Uber Eats frequency and order size enough to offset higher incentives, competitive pressure from DoorDash, and ongoing investments in grocery and retail delivery. Execution on service quality, the economics of free delivery for Prime orders, and retention of these new users now sits alongside AV rollout as a key catalyst to watch.

    Uber Technologies' current analyst narrative points to US$80.2b in revenue and US$11.7b in earnings by 2029, based on 13.3% yearly revenue growth and an earnings increase of about US$2.1b from the US$9.6b reported today.

    Discover why Uber Technologies' fair value indicates a 47% potential upside to its current price, which could close faster than many investors expect.

    NYSE:UBER 1-Year Stock Price Chart
    NYSE:UBER 1-Year Stock Price Chart

    Exploring Other Perspectives

    Some of the most optimistic analysts frame the Amazon and Uber Technologies delivery link as a pure acceleration catalyst. Before this deal, their models already pencilled in revenue of about US$90.3b and earnings of roughly US$13.6b by 2029. You can treat those as one end of the spectrum and compare them with more cautious views, then decide which narrative, if any, feels closer to your own expectations as the impact of this partnership on forecasts becomes clearer.

    Explore 25 other Uber Technologies fair value estimates, including one that suggests potential upside of up to 133% from the current price.

    The Verdict Is Yours

    Don't just follow the ticker. Dig into the data and build a conviction that's truly your own.

    Looking for more investment ideas beyond Uber Technologies?

    Once you have a view on Uber Technologies, it can help to stress test that thinking against other listed businesses with very different risk and return profiles. Use the Simply Wall St Screener to spot opportunities that match your own preferences for quality, balance sheet strength or income.