New York, February 13, 2026, 15:00 EST — Regular session
- Uber shares slipped roughly 2.5% in the afternoon, trailing a slightly stronger U.S. market.
- Traders are juggling signs that inflation is losing steam with ongoing worries over pricey valuations and the outlook for growth stocks.
- Uber’s finance chief will be changing next week, according to an SEC filing.
Uber Technologies shares slid 2.5% to $69.45 late Friday, out of step with modest upticks in both the S&P 500 and Nasdaq. Shares moved in a $69.05 to $71.64 range, with roughly 19.3 million traded during the session. Lyft, meanwhile, gained about 1.8%.
Choppy trading across the board. January’s U.S. consumer prices didn’t climb as much as forecasts had suggested, pushing traders to slightly increase their wagers on a June rate cut from the Federal Reserve, according to Reuters. “The trend in disinflation continues,” said Michael Metcalfe, State Street Markets’ head of market strategy, in the same report. 1
Timing isn’t trivial for Uber. Investors have shown little patience for pricey growth stocks that blow short-term profit targets while pouring money into long-horizon projects. With a finance chief change slated for next week, that’s one more wrinkle for a stock now trading on its cash-flow chops as much as its growth pitch. 2
Lyft’s updated outlook has thrown fresh fuel on arguments around U.S. demand, incentive levels, and whether margins can hold up. There’s still “persistent competitive pressure from larger rival Uber,” Reuters noted this week. 3
Earlier this month, Uber reported solid volumes, but investors zeroed in again on how much of that activity actually drops to the bottom line. The company’s latest numbers: quarterly trips climbed 22% year-over-year to 3.8 billion, while gross bookings also jumped 22%, landing at $54.1 billion. For the first quarter, Uber projects gross bookings in the $52.0 billion to $53.5 billion range. Gross bookings, by definition, capture the total value of rides and deliveries arranged via Uber’s platform before drivers and couriers get paid. 4
Uber is pitching autonomous vehicles as a long-haul growth play, not a risk to its business. Earlier this month, the company announced plans to roll out robotaxi rides in as many as 15 cities around the world by 2026, Reuters reported. “We believe Uber will be able to operate in an increasing AV market environment,” William Blair’s Ralph Schackart commented in that story. 5
This week, a company insider made a modest move. Jill Hazelbaker, Chief Marketing Officer, reported gifting 1,520 Uber shares to a family trust, according to a Form 4 filed Thursday. 6
Still, risks haven’t gone away. Lighter spending by consumers, deeper discounts to hold the line on prices, or new regulatory and legal hits—all of these can sting, particularly as appetite for long-term wagers in the market keeps narrowing.
Investors are zeroed in on the CFO transition scheduled for Feb. 16. They’ll be listening for any change in management’s commentary around margins, buybacks, or autonomous-vehicle outlays as Q1 gets underway.
