Tigress Financial upgraded shares of Uber Technologies (NYSE:UBER – Free Report) to a moderate buy rating in a research report sent to investors on Friday,Zacks.com reports.
A number of other brokerages have also weighed in on UBER. Raymond James Financial raised Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Wells Fargo & Company increased their target price on Uber Technologies from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. DA Davidson reiterated a “buy” rating and issued a $107.00 price target on shares of Uber Technologies in a report on Tuesday, May 26th. TD Cowen initiated coverage on Uber Technologies in a report on Monday, May 11th. They issued a “hold” rating for the company. Finally, Royal Bank Of Canada initiated coverage on Uber Technologies in a report on Monday, May 11th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.97.
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Uber Technologies Price Performance
Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same quarter in the prior year, the company earned $0.83 EPS. Uber Technologies’s revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, sell-side analysts expect that Uber Technologies will post 2.95 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.81% of the company’s stock.
Hedge Funds Weigh In On Uber Technologies
A number of hedge funds have recently bought and sold shares of UBER. Osbon Capital Management LLC acquired a new position in Uber Technologies in the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC acquired a new position in Uber Technologies in the fourth quarter worth about $25,000. Portus Wealth Advisors LLC acquired a new position in Uber Technologies in the first quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in Uber Technologies in the third quarter worth about $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Uber Technologies in the fourth quarter worth about $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Negative Sentiment: Investors are concerned that self-driving competitors could eventually erode Uber’s core ride-hailing market, especially as Waymo expands and tests new revenue models. Ca$htag$: UBER First in Rideshare, GOOGL Gains Speed with Waymo
- Negative Sentiment: Uber is also facing skepticism over a possible Delivery Hero acquisition bid, with investors worried the deal could add integration risk and require asset divestitures to clear regulators. Uber (UBER) Plots Delivery Hero Acquisition With Strategic Asset Divestitures
- Neutral Sentiment: Analysts remain somewhat constructive on earnings, with Erste Group raising FY2026 EPS estimates to $3.35 from $3.34, which is slightly above the broader consensus of $2.95. Uber Technologies news
- Neutral Sentiment: Uber continues to defend its platform by suing New York City over a new driver-deactivation law, arguing the rule could hurt rider safety and weaken its control over marketplace operations. Uber Lawsuit Over New York Driver Rules Puts Safety Policy In Focus
- Positive Sentiment: Longer term, Uber still has support from bullish analysts and investor interest in its platform, including its expanding role in mobility and autonomy, which could help offset current concerns. Waymo vs. Uber: Who Will Control the Future of Autonomous Ride-Hailing?
Uber Technologies Company Profile
Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.
Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.
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