Uber up 1.75% at 75 eyes 81 as resistance the next key level
$Uber(UBER)$
Uber Technologies Inc (UBER) Bounces +1.75%: Support Holds Firm, Awaiting Breakout Above $81
Latest Close Data
Closed at $75.21 (+1.75%) on Feb 5, 2026, still ~26% below its 52-week high of $101.99.
Core Market Drivers
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The stock is trading on technical momentum, with no specific major news driving the session.
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Market focus remains on the company's path to sustained profitability and growth in its delivery segment amid a competitive landscape.
Technical Analysis
Volume was average at 33.1M shares (VR 1.02). The MACD remains in negative territory (DIF: -2.05, DEA: -1.27, MACD: -1.58), indicating bearish momentum persists.
However, the 6-day RSI rebounded from oversold levels to 27.4, suggesting a short-term relief bounce.
Key Price Levels
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Primary Support: $73.88 (recent swing low). A break below could target $70.
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Strong Resistance: $81.18 (key prior resistance). A close above is needed for a bullish reversal.
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Immediate Pivot: $75.20 (today's close). Acts as the immediate battle line.
Valuation Perspective
TTM P/E is 15.9, which is reasonable. More notably, the Forward P/E of 21.97 is significantly below its historical average of 131.03, suggesting the market has priced in slower growth or higher risk.
Analyst Targets
Sentiment is strongly bullish. 48 analysts have an average price target of $106.0 (+41% upside), with 47 recommending Buy/Strong Buy and only 1 Hold and 1 Underperform.
Weekly Outlook
Expect consolidation between $74 and $78 in the near term. A decisive break above $81.18 could open the path toward $85. Failure to hold $73.88 support may lead to a retest of $70.
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