Uber Technologies (NYSE:UBER) Receives Buy Rating from BTIG Research

Uber Technologies (NYSE:UBER)‘s stock had its “buy” rating reissued by research analysts at BTIG Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $100.00 target price on the ride-sharing company’s stock. BTIG Research’s target price points to a potential upside of 38.60% from the stock’s current price.

Several other research firms also recently issued reports on UBER. Weiss Ratings downgraded Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Tigress Financial increased their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, June 12th. TD Cowen started coverage on Uber Technologies in a research report on Monday, May 11th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. lifted their target price on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $104.97.

Uber Technologies Stock Down 2.3%

Uber Technologies stock opened at $72.15 on Friday. The stock has a market capitalization of $146.87 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 6.28 and a beta of 1.12. Uber Technologies has a twelve month low of $67.19 and a twelve month high of $101.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $73.43 and a 200-day moving average of $76.11.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the business posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities research analysts anticipate that Uber Technologies will post 2.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Uber Technologies during the fourth quarter valued at approximately $2,515,094,000. Marshall Wace LLP raised its stake in shares of Uber Technologies by 1,462.2% during the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after purchasing an additional 6,264,946 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Uber Technologies by 129.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock worth $776,883,000 after purchasing an additional 5,293,822 shares in the last quarter. Employees Provident Fund Board acquired a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $265,205,000. Finally, Southpoint Capital Advisors LP bought a new position in shares of Uber Technologies in the first quarter valued at $222,983,000. Institutional investors own 80.24% of the company’s stock.

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.