Global macro conditions will influence Uber’s exposure to FX risks in Uber has achieved strong profitability, cash flow, and balance sheet improvements, but the recent share price leaves little margin of safety. On the risk side, persistent losses in areas like delivery — particularly if macroeconomic headwinds weigh on discretionary spending — could limit overall progress. Even so, Uber’s capital-light model and vast transactional data give it the flexibility to adapt to competitive and cyclical challenges as the mobility ecosystem evolves. Uber's loyalty programs and subscription models are expected to broaden retention rates by 2025, providing stable recurring revenue in "uber stock forecast 2025" models from JPMorgan and Goldman Sachs.