Uber Technologies' stock has fallen approximately 10% over the past month, from about $94 to $84, despite strong quarterly earnings. The decline is attributed more to market sentiment and macroeconomic concerns than company fundamentals. Uber reported a robust Q3 with high-teens revenue growth and over $1.2 billion in adjusted EBITDA, alongside increased active users and improved cost efficiency. However, regulatory challenges, especially in Europe, and concerns over autonomous vehicle profitability have tempered investor optimism. Analysts have slightly revised Uber's fair value estimate upward to $112.06, with some raising price targets to $110-$119, citing strong execution and growth momentum. Conversely, some caution remains due to EBITDA pressures and long-term autonomous vehicle profitability delays. Uber continues to expand its autonomous vehicle partnerships, including plans to launch driverless rides in San Francisco and invest around $100M in AV platforms like Pony AI and WeRide. The company’s long-term growth drivers include expanding suburban markets, autonomous vehicle initiatives, and AI-enhanced routing. Despite recent volatility, Uber’s fundamentals are strengthening, making it attractive for long-term investors willing to overlook short-term fluctuations.