Uber Technologies (NYSE:UBER) Trading Down 3.6% – Should You Sell?

Posted by Brian Himes on Sep 8th, 2026

Uber Technologies, Inc. (NYSE:UBER – Get Free Report)’s share price traded down 3.6% on Tuesday . The company traded as low as $72.71 and last traded at $73.0570. 24,073,706 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 19,166,596 shares. The stock had previously closed at $75.76.

Uber Technologies News Summary

Here are the key news stories impacting Uber Technologies this week:

Positive Sentiment: Analyst support: Wedbush reaffirmed its “outperform” rating and set a $91 price target, implying substantial upside from the recent trading level. Tesla Cybercab vs. Uber: Who Wins the Robotaxi Race?
Positive Sentiment: Insider buying: Director Andrew Macdonald purchased 70,000 shares for approximately $5.3 million, increasing his ownership by nearly 20%. The transaction may signal management confidence in Uber’s valuation and outlook. SEC insider purchase filing
Positive Sentiment: Asset-light autonomous strategy: Uber and Wayve launched supervised autonomous rides in London with Ford, allowing Uber to participate in robotaxis without developing and owning a vehicle fleet. Strong free cash flow and expanding EBITDA margins support this partnership-based approach. Uber’s Wayve Deal Shows How It Wants to Win Without Building Cars
Neutral Sentiment: Fundamentals versus valuation concerns: Recent coverage highlighted sharply improved profits and more than $10 billion in free cash flow, yet the stock has struggled to gain traction. Investors may be discounting the risk that autonomous vehicles disrupt Uber’s core marketplace before its partnerships generate meaningful returns. If Uber’s Fundamentals Have Dramatically Improved, Why Has the Stock Gone Nowhere?
Negative Sentiment: Tesla robotaxi threat: Tesla’s Cybercab moving into commercial service, alongside regulatory progress for Tesla’s full-self-driving technology, intensified fears that Tesla could capture autonomous ride demand and weaken Uber’s competitive position. Uber Falls on Tesla Cybercab Threat
Negative Sentiment: Execution and financing risks: Reports of planned exits from Nigeria and Uganda, a workforce reduction, potential Delivery Hero acquisition debt, and renewed robotaxi competition from former Uber CEO Travis Kalanick’s Atoms venture add uncertainty to Uber’s growth outlook.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBER. Rosenblatt Securities started coverage on shares of Uber Technologies in a research report on Tuesday, September 1st. They set a “buy” rating and a $100.00 price target on the stock. Barclays lowered their price target on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Weiss Ratings raised shares of Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. Finally, BMO Capital Markets set a $119.00 price target on shares of Uber Technologies in a research note on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $104.49.

Read Our Latest Analysis on UBER

Uber Technologies Stock Down 3.6%

The business has a 50-day moving average price of $74.05 and a two-hundred day moving average price of $73.63. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a market cap of $149.22 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 6.00 and a beta of 1.16.

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 (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. During the same quarter last year, the business posted $0.60 EPS. The business’s quarterly revenue 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. On average, equities research analysts expect that Uber Technologies, Inc. will post 3.45 EPS for the current year.

Insider Activity

In other news, insider Andrew Macdonald bought 70,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the purchase, the insider owned 426,320 shares in the company, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.81% of the company’s stock.

Institutional Trading of Uber Technologies

A number of institutional investors have recently bought and sold shares of UBER. Osbon Capital Management LLC acquired a new position in Uber Technologies in the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Uber Technologies during the fourth quarter worth approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in Uber Technologies during the first quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

About Uber Technologies

(Get Free Report)

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.