Investment analysts at Rosenblatt Securities started coverage on shares of Uber Technologies (NYSE:UBER – Get Free Report) in a note issued to investors on Tuesday, Benzinga reports. The firm set a “buy” rating and a $100.00 price target on the ride-sharing company’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 32.26% from the stock’s previous close.
A number of other analysts have also recently weighed in on UBER. Weiss Ratings cut Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. TD Cowen reaffirmed a “buy” rating and issued a $118.00 target price on shares of Uber Technologies in a research report on Thursday, July 16th. Royal Bank Of Canada initiated coverage on shares of Uber Technologies in a report on Monday, May 11th. They set an “outperform” rating for the company. Bank of America cut their price objective on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Finally, Roth Capital dropped their price target on shares of Uber Technologies from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.14.
Read Our Latest Report on Uber Technologies
Uber Technologies Stock Performance
Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts expect that Uber Technologies will post 3.39 earnings per share for the current year.
Hedge Funds Weigh In On Uber Technologies
A number of hedge funds have recently added to or reduced their stakes in the company. Cadence Bank increased its position in Uber Technologies by 1.7% during the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after buying an additional 122 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Uber Technologies by 3.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock worth $395,000 after acquiring an additional 139 shares during the period. KPP Advisory Services LLC increased its stake in shares of Uber Technologies by 4.3% in the fourth quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company’s stock worth $278,000 after purchasing an additional 140 shares during the period. Stonebrook Private Inc. increased its position in Uber Technologies by 6.1% in the 4th quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company’s stock worth $203,000 after buying an additional 143 shares during the period. Finally, Avion Wealth raised its stake in Uber Technologies by 17.3% during the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock valued at $70,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating, citing Uber’s potentially undervalued core mobility business, continued growth, strong cash generation and a lengthy runway before autonomous vehicles materially disrupt the business. Analyst Initiates Buy on Uber
- Positive Sentiment: Coverage of Uber’s Dubai robotaxi launch suggests the company could benefit as an aggregator and distribution platform for multiple autonomous-vehicle operators rather than having to develop every vehicle itself. Uber Stock: Dubai Robotaxi Launch
- Positive Sentiment: Uber defeated Simon & Simon’s “sham litigation” claims stemming from a RICO dispute, reducing a potentially costly legal overhang. Uber Defeats Simon & Simon Claims
- Positive Sentiment: Uber’s AI usage reportedly increased more than ninefold while overall spending remained flat, a development that could improve operating efficiency and margins as computing costs decline. Uber AI Budget and Efficiency
- Neutral Sentiment: Uber partnered with Turkey’s Bin Ulasim to modernize taxi services with an electric-vehicle focus, potentially expanding its mobility ecosystem, although the immediate financial impact is unclear. Uber Turkey Taxi Partnership
- Negative Sentiment: The main pressure remains Uber’s third-quarter guidance, which called for gross bookings of $58.25 billion to $60.25 billion and adjusted EPS of $0.84 to $0.88. Investors had viewed the outlook as less robust than hoped after second-quarter revenue came in slightly below expectations.
- Negative Sentiment: Broader risk-off trading, geopolitical tensions and higher oil prices are weighing on higher-beta growth stocks and may be amplifying selling in Uber.
- Negative Sentiment: Uber President Andrew Macdonald’s prediction that autonomous vehicles could eliminate the need for driver’s licenses and car ownership within 15–20 years highlights the long-term threat to the company’s driver-based model, even as Uber seeks to participate in the transition. Uber Executive on Autonomous Vehicles
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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