Shares of Uber Technologies, Inc. (NYSE:UBER – Get Free Report) have received an average rating of “Moderate Buy” from the forty-three brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, thirty-four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $103.11.
Several brokerages have commented on UBER. KeyCorp lowered their price objective on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $100.00 target price on shares of Uber Technologies in a report on Wednesday, October 7th. The Goldman Sachs Group set a $100.00 target price on Uber Technologies in a report on Monday, June 29th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Uber Technologies in a research note on Wednesday, September 30th. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th.
Read Our Latest Report on UBER
Uber Technologies Price Performance
Shares of NYSE:UBER opened at $69.92 on Tuesday. The firm has a 50 day moving average of $72.94 and a 200-day moving average of $72.90. Uber Technologies has a 12 month low of $65.41 and a 12 month high of $100.35. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $142.81 billion, a PE ratio of 15.37, a PEG ratio of 6.01 and a beta of 1.27.
Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities research analysts predict that Uber Technologies will post 3.20 EPS for the current fiscal year.
Insider Activity at Uber Technologies
In other Uber Technologies news, insider Andrew Macdonald acquired 70,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the purchase, the insider directly owned 426,320 shares of the company’s stock, valued at $32,327,845.60. This represents a 19.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi bought 141,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the transaction, the chief executive officer owned 1,367,100 shares of the company’s stock, valued at approximately $97,009,416. The trade was a 11.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Uber Technologies
Hedge funds have recently made changes to their positions in the stock. Public Investment Fund acquired a new stake in Uber Technologies during the 2nd quarter worth approximately $5,256,173,439. Legal & General Group Plc bought a new stake in Uber Technologies during the 2nd quarter worth approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Uber Technologies during the 2nd quarter worth approximately $752,151,000. Baird Financial Group Inc. increased its position in Uber Technologies by 64.4% in the 2nd quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company’s stock valued at $656,609,000 after acquiring an additional 3,564,073 shares during the period. Finally, Fundsmith LLP acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $645,338,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: London legal victory removes a potentially significant liability. Uber secured dismissal of two lawsuits brought by London black-cab drivers and former private-hire companies seeking approximately £340 million ($453 million). The ruling reduces near-term legal and financial risk and could improve investor confidence. Uber Secures Dismissal of £340 Million London Taxi Lawsuits
- Positive Sentiment: Uber is extending its advertising reach beyond its own apps. Through a partnership with TripleLift, Uber Advertising will use first-party mobility and delivery data to target audiences across the open web. The initiative could create a higher-margin revenue stream and improve monetization of Uber’s data assets. Uber Launches Offsite Advertising Using Its First Party Data
- Positive Sentiment: Analysts continue to highlight Uber’s earnings-surprise record. Commentary ahead of the next quarterly report points to operating momentum and expectations that Uber could again exceed consensus estimates. Its latest quarter included adjusted EPS of $0.81 versus an $0.80 estimate, although revenue was slightly below expectations. Will Uber Beat Estimates Again in Its Next Earnings Report?
- Neutral Sentiment: California drivers have formed a union. The development could increase Uber’s exposure to labor negotiations, but the ultimate effect on costs, driver supply and regulatory treatment remains uncertain. Uber and Lyft Drivers in California Now Have a Gig Worker Union
- Negative Sentiment: Robotaxi investment is creating a valuation and execution risk. Uber is redirecting resources toward autonomous vehicles, reportedly including substantial corporate job cuts. While robotaxis could expand long-term growth, heavier spending and uncertainty over whether Uber or autonomous-vehicle developers control customer demand could pressure returns. Uber Is Generating Cash, but Can Robotaxi Spending Preserve Its Valuation?
Uber Technologies Company Profile
Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.
Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.
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