Uber Stock Dip Called Buying Opportunity by Jim Cramer After Strong Q3 2025 Earnings

Uber Technologies reported robust third-quarter 2025 results, with revenue reaching $13.47 billion, surpassing analyst estimates of $13.26 billion, and earnings per share (EPS) of $1.20, crushing the forecast of $0.69 by nearly 74%. Despite this, the stock fell over 5% on Tuesday, November 4, 2025, and dropped further in pre-market trading to around $91, representing an over 8% decline from previous highs.

Net profit soared to $6.63 billion, a 154% year-over-year increase, driven by a $4.9 billion tax valuation release and a $1.5 billion pre-tax benefit from equity investment revaluations. Adjusted EBITDA grew 33% to $2.3 billion, though it slightly missed expectations of $2.27 billion. Key operational metrics showed strength, with trip volume jumping 22% to 3.5 billion and gross bookings rising 21% to $49.7 billion.

Jim Cramer, host of CNBC's Mad Money, labeled the stock a "buy on weakness" opportunity, emphasizing that Uber's fundamentals remain solid. He dismissed concerns over margin pressures, attributing them to competition from rivals like DoorDash and Lyft, and highlighted the success of the Uber One membership program in building customer loyalty. BofA Securities raised its price target to $119 from $115, implying a 26% upside from current levels, and maintained a Buy rating.

For Q4 2025, Uber projected gross bookings between $52.25 billion and $53.75 billion, with adjusted EBITDA expected to range from $2.41 billion to $2.51 billion, indicating continued growth. The stock has delivered a 65.3% year-to-date return as of November 3, 2025, outperforming the S&P 500's 16.5% gain.