Uber Shares Reach New 52-Week High Near $97 Amid Market Optimism

Uber Technologies Inc. has been experiencing significant bullish momentum in its stock price, reaching new 52-week highs above $97 in early July 2025, driven by investor confidence and strong trading volumes. The stock's recent surge marks a notable shift from its earlier high-growth, cash-burning phase to a more mature, profitable tech company with sustainable earnings, attracting both momentum traders and value-oriented investors. Despite occasional intraday volatility and brief pullbacks, Uber's shares have consolidated gains above key resistance levels, supported by a relatively low P/E ratio around 17 and growing market capitalization nearing $202 billion. Strategic expansions, including Uber Eats' addition of supermarket chains and potential acquisitions like Pony.ai's U.S. operations, have bolstered the company’s growth narrative. Analysts maintain an overall bullish outlook with several rating upgrades and target prices around $95 to $97. Investors are advised to weigh the strong upward momentum against short-term volatility when considering entry or profit-taking strategies.