Uber(US:UBER) HTSC·2026-02-05 01:50Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of $117.30 [6]. Core Insights - The company reported a total transaction volume of $54.1 billion in Q4 2025, representing a year-over-year growth of 22.5%, which exceeded consensus expectations by 1.7% [1]. - Revenue for Q4 2025 was $14.37 billion, up 20.1% year-over-year, slightly above expectations by 0.2% [1]. - Adjusted EBITDA for Q4 2025 reached $2.49 billion, a 35.0% increase year-over-year, also surpassing expectations by 0.5% [1]. - The company aims to complete the deployment of autonomous vehicles (AV) in 15 cities by the end of 2026 and plans to become the largest Robotaxi service provider globally by 2029 [1][3]. - Monthly active users (MAPCs) reached 202 million in Q4 2025, an increase of 18.1% year-over-year, exceeding expectations by 2.3% [2]. - Total order volume (Trips) reached 3.751 billion, up 22.3% year-over-year, also above expectations by 2% [2]. Financial Projections - Revenue projections for 2026, 2027, and 2028 are $60.3 billion, $69.7 billion, and $80.0 billion, respectively, with growth rates of 1% and 3% for 2026 and 2027 [4]. - Adjusted EBITDA forecasts for the same years are $11.1 billion, $13.8 billion, and $16.7 billion, with a slight upward adjustment due to strong core business growth [4]. - The company is valued at an EV/EBITDA multiple of 21 times for 2026, leading to a target price of $117.30 [4][12].