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華爾街日報Why Uber (UBER) Shares Are Sliding Today
What Happened?
Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER) fell 3.4% in the afternoon session after the company faced mounting regulatory pressure in Europe and a price target reduction from Morgan Stanley. In Barcelona, around 1,500 taxi drivers blocked the city center to protest against Uber, supporting a proposed law that could nearly eliminate ride-hailing services by drastically cutting licenses. Similar opposition surfaced in other regions, with licensed drivers in the Cotswolds demanding a ban on the Uber app, and officials in Halifax, Canada, considering new rules to level the playing field with traditional taxis. Compounding the negative sentiment, Morgan Stanley lowered its price target on Uber's stock from $115 to $110, although it maintained its 'Overweight' rating.
The shares closed the day at $89.18, down 3.7% from previous close.
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What Is The Market Telling Us
Uber’s shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 6 days ago when the stock gained 2.8% on the news that the company launched a robotaxi service in Dallas and also received a notable analyst upgrade. The new service, a partnership with Avride, allowed riders in parts of Dallas to be matched with a fully electric, self-driving Hyundai Ioniq 5. This move marked a significant step in the company's push toward autonomous mobility. Adding to the positive sentiment, Arete Research upgraded Uber's stock from 'Neutral' to 'Buy.' The research firm also substantially raised its price target on the shares from $82 to $125, signaling strong confidence in the company's direction.
Uber is up 41.2% since the beginning of the year, but at $89.17 per share, it is still trading 10.9% below its 52-week high of $100.10 from October 2025. Investors who bought $1,000 worth of Uber’s shares 5 years ago would now be looking at an investment worth $1,658.
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