Uber Technologies (NYSE:UBER) Coverage Initiated by Analysts at Scotiabank

Posted by George Bondi on Sep 10th, 2026

Scotiabank assumed coverage on shares of Uber Technologies (NYSE:UBER – Free Report) in a research report released on Wednesday, MarketBeat Ratings reports. The brokerage issued a sector outperform rating and a $100.00 price objective on the ride-sharing company’s stock.

Several other analysts have also recently issued reports on UBER. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Monday, July 20th. Susquehanna reduced their price target on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating for the company in a research report on Thursday, August 6th. Arete Research set a $74.00 price target on shares of Uber Technologies in a report on Thursday. Barclays lowered their price objective on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Finally, Wedbush restated an “outperform” rating and set a $91.00 target price on shares of Uber Technologies in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.03.

Read Our Latest Report on UBER

Uber Technologies Stock Down 2.8%

UBER stock opened at $71.11 on Wednesday. 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 capitalization of $145.24 billion, a PE ratio of 15.63, a PEG ratio of 5.79 and a beta of 1.16. Uber Technologies has a twelve month low of $65.41 and a twelve month high of $101.99. The stock has a 50-day simple moving average of $74.04 and a two-hundred day simple moving average of $73.62.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts predict that Uber Technologies will post 3.45 EPS for the current fiscal year.

Insider Activity

In related news, insider Andrew Macdonald acquired 70,000 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the acquisition, the insider owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. The trade was a 19.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UBER. California State Teachers Retirement System increased its position in shares of Uber Technologies by 6,342.7% during the 2nd quarter. California State Teachers Retirement System now owns 199,496,278 shares of the ride-sharing company’s stock valued at $14,395,651,000 after purchasing an additional 196,399,787 shares during the last quarter. Capital Research Global Investors boosted its stake in Uber Technologies by 2.6% in the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after buying an additional 2,903,021 shares in the last quarter. Public Investment Fund purchased a new stake in Uber Technologies in the second quarter worth approximately $5,256,173,439. Geode Capital Management LLC grew its position in Uber Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock valued at $3,906,083,000 after acquiring an additional 1,602,596 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Uber Technologies during the fourth quarter worth approximately $2,515,094,000. Institutional investors 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: Uber, WeRide and AVOMO received Spain’s first national permit for Level 4 autonomous passenger vehicles to operate on public roads. The initial Madrid deployment will include 20 vehicles, with commercial operations targeted by the end of 2026. The approval strengthens Uber’s asset-light robotaxi strategy by combining its customer platform with partners’ autonomous-driving technology and fleet operations. Spain autonomous vehicle permit article
Positive Sentiment: Wedbush reaffirmed its “outperform” rating and $91 price target, implying substantial upside from the current trading level. The bullish view reflects confidence in Uber’s earnings growth, free-cash-flow generation and long-term autonomous-mobility opportunity. Wedbush Uber rating article
Positive Sentiment: Uber Eats expanded its grocery network through a partnership with Wakefern, adding access to more than 375 ShopRite, Fairway Market and other supermarket locations across the U.S. Northeast. The deal broadens delivery selection and could support order growth and advertising opportunities. Uber Eats Wakefern partnership article
Positive Sentiment: President and COO Andrew Macdonald purchased 70,000 shares for approximately $5.3 million, increasing his direct ownership by nearly 20%. The sizeable insider purchase may signal that management views the recent weakness as an attractive entry point. Uber insider purchase article
Neutral Sentiment: Uber raised approximately €4.5 billion through its debut five-part euro bond offering. The financing provides capital for autonomous-vehicle investments and other corporate needs, but increases debt and interest expenses while investors assess the returns from the planned multiyear robotaxi spending program. Uber euro bond offering article
Negative Sentiment: Tesla’s Cybercab commercial launch has intensified fears that Tesla could compete directly for autonomous ride demand and capture economics that Uber currently expects to access through its platform. The competitive threat helped pressure Uber shares despite improving profitability and free cash flow. Tesla Cybercab threat article

About Uber Technologies

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Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company’s core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.