# Uber will report first-quarter results before Wednesday's opening bell.

*business · news · 2026-05-04 · CNBC*

## Key points

- Jay Woods identifies $70 to $72 as strong support levels for Uber shares.
- Woods believes any dip toward $70 to $72 presents a buying opportunity for Uber.
- A rally above $78 could push Uber shares toward its $85 200-day moving average.
- Uber shares ended a six-month losing streak, rebounding nearly 4% in April.
- Palantir Technologies is also being closely monitored by Woods due to heightened strategic interest.

**Companies:** Uber Technologies
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/05/04/uber-breaks-a-recent-downtrend-and-may-head-for-u-turn-says-jay-woods.html)

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