Uber Technologies (NYSE:UBER) Price Target Raised to $110.00

Uber Technologies (NYSE:UBER) had its price target raised by analysts at Jefferies Financial Group from $100.00 to $110.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the ride-sharing company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 46.77% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Macquarie Infrastructure upgraded Uber Technologies to an “outperform” rating in a report on Monday, May 11th. TD Cowen reiterated a “buy” rating and set a $118.00 price objective on shares of Uber Technologies in a research note on Thursday, July 16th. BTIG Research reissued a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 14th. HSBC lowered shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Finally, Raymond James Financial upgraded shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.39.

Uber Technologies Stock Performance

Shares of UBER stock opened at $74.94 on Monday. The company has a fifty day moving average price of $71.86 and a two-hundred day moving average price of $73.65. The stock has a market cap of $152.56 billion, a P/E ratio of 16.47, a P/E/G ratio of 6.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. Uber Technologies has a one year low of $65.41 and a one year high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results 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 the consensus estimate of $14.24 billion. During the same quarter last year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities analysts predict that Uber Technologies will post 3.08 EPS for the current year.

Institutional Trading of Uber Technologies

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Capital Research Global Investors boosted its stake in Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after buying an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Uber Technologies by 3.5% in 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 purchasing an additional 1,602,596 shares in the last quarter. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter worth about $2,515,094,000. Finally, Northern Trust Corp raised its position in Uber Technologies by 1.5% during the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after purchasing an additional 297,132 shares during the period. Institutional investors own 80.24% of the company’s stock.

About Uber Technologies

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.