Uber to Cut 3,300 Jobs as Analysts See 38% Upside for UBER Stock

• Uber stock could see 38% upside, with analysts putting the average 12-month price target at $104.04
• Uber layoffs will affect 3,300 employees as the company cuts management layers and reduces costs
• Uber Technologies is heading into the restructuring with strong cash flow and rising profit estimates through 2028

Uber is making a fairly big bet on doing more with less. The company is cutting about 3,300 jobs, trimming management layers and reshaping parts of its organization. The move comes at an interesting moment for Uber stock, which has struggled to regain its previous highs even as the business continues to generate strong cash flow. But Wall Street appears to be looking beyond the layoffs, and its expectations for the stock are getting harder to ignore.

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Uber Layoffs Target a Leaner Company

The Uber layoffs will affect roughly 10% of the company’s global workforce, with the number of managers expected to fall by about 20%. Uber says the restructuring is designed to simplify the organization, reduce duplicated work, and move resources toward areas such as ride-sharing, delivery, and autonomous vehicles.

That makes the cuts more than a straightforward cost-saving exercise. Uber has expanded considerably in recent years, and CEO Dara Khosrowshahi has argued that the company’s structure has become too layered as the business grew.

The timing also matters for investors. Uber Technologies ended 2025 with $10 billion in free cash flow, while quarterly adjusted EBITDA reached $2.5 billion, according to the company’s results.

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Uber Stock Forecast Points to $104 Target

The market has not exactly rewarded UBER stock lately. Shares closed at $75.24 in the figures used for the current analyst forecast, leaving the stock well below its 52-week high.

Yet the Uber stock forecast remains notably bullish. The average 12-month analyst target shown in the data is $104.04, representing roughly 38% upside from that price. The range is wide, with a $72 low target and $125 high target, but the broader analyst split remains heavily tilted toward Buy ratings.

This optimism has some earnings support behind it. Current estimates put Uber’s revenue at nearly $58 billion for 2026, rising to more than $76 billion by 2028. Estimated EBIT also climbs from about $8.5 billion in 2026 to $13.1 billion in 2028.

Investors are probably looking at what Uber does with the money and organizational capacity freed up by the restructuring. Autonomous ride-hailing is becoming the focus, while the core mobility and delivery businesses continue to provide the cash engine.

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