Uber Technologies (NYSE:UBER) Earns “Outperform” Rating from Wedbush

Uber Technologies (NYSE:UBER)‘s stock had its “outperform” rating restated by analysts at Wedbush in a report issued on Thursday, Benzinga reports. They presently have a $91.00 price target on the ride-sharing company’s stock. Wedbush‘s price target would indicate a potential upside of 32.60% from the stock’s current price.

Several other analysts have also recently commented on the stock. Citigroup reiterated a “market outperform” rating on shares of Uber Technologies in a research report on Wednesday, October 7th. DA Davidson reduced their price target on Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $110.00 price objective (down from $115.00) on shares of Uber Technologies in a research note on Thursday. Barclays dropped their price objective on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Finally, Guggenheim reissued a “buy” rating and issued a $125.00 target price on shares of Uber Technologies in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.82.

Uber Technologies Trading Down 0.2%

Shares of NYSE:UBER traded down $0.15 during trading on Thursday, hitting $68.63. 18,272,398 shares of the company’s stock were exchanged, compared to its average volume of 16,264,552. Uber Technologies has a 1-year low of $64.04 and a 1-year high of $95.18. The firm has a 50-day moving average price of $70.14 and a two-hundred day moving average price of $73.03. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a market cap of $140.18 billion, a P/E ratio of 40.61, a PEG ratio of 6.38 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.02. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.77 billion for the quarter, compared to analyst estimates of $14.66 billion. During the same period in the prior year, the business posted $3.11 earnings per share. Uber Technologies’s revenue was up 9.6% compared to the same quarter last year. Equities analysts predict that Uber Technologies will post 3.14 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CEO Dara Khosrowshahi purchased 141,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the acquisition, the chief executive officer directly owned 1,367,100 shares of the company’s stock, valued at approximately $97,009,416. This represents a 11.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 28,170 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the completion of the sale, the insider owned 149,525 shares of the company’s stock, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UBER. BIP Wealth LLC acquired a new stake in shares of Uber Technologies during the second quarter worth $1,033,000. Pacer Advisors Inc. boosted its stake in Uber Technologies by 23.7% in the 1st quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock worth $370,641,000 after purchasing an additional 985,989 shares during the period. PNC Financial Services Group Inc. boosted its stake in Uber Technologies by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock worth $37,025,000 after purchasing an additional 29,587 shares during the period. Weiss Asset Management LP boosted its stake in Uber Technologies by 465.5% in the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock worth $4,497,000 after purchasing an additional 51,465 shares during the period. Finally, Evercore Wealth Management LLC increased its holdings in Uber Technologies by 6.3% during the 1st quarter. Evercore Wealth Management LLC now owns 1,156,032 shares of the ride-sharing company’s stock worth $83,153,000 after purchasing an additional 68,433 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Amazon is adding Uber Eats restaurant delivery to its U.S. Prime experience, including $0 delivery fees on qualifying orders of $25 or more. The partnership could expand Uber Eats’ reach and order volume. Amazon adds Uber food delivery perks for Prime subscribers
• Positive Sentiment: Uber reported Q3 revenue of $14.77 billion, gross bookings growth of 20%, and strong free cash flow. Adjusted earnings also edged past estimates, supporting the view that the underlying business is still growing. Uber: 3 key takeaways for long-term investors
• Neutral Sentiment: Analyst views remain divided. Wedbush reiterated Outperform and Guggenheim maintained Buy, while several firms lowered price targets; Canaccord’s $70 target and Hold rating are close to the share price. Wedbush reaffirms Outperform
• Negative Sentiment: Some analysts cut targets after the results, including Barclays ($106 to $100), KeyCorp ($105 to $95), and Canaccord ($72 to $70). These revisions may reinforce concerns about valuation and near-term upside. Analyst price-target updates
• Negative Sentiment: Uber’s CEO cited driver shortages and higher fuel costs in some international markets, which could raise incentives and constrain Mobility growth. The sharp year-over-year drop in GAAP net income has also drawn attention, despite stronger operating metrics. Uber CEO reveals a driver-supply problem
• Negative Sentiment: Commentary questioning whether expectations for future robotaxis are already reflected in Uber’s valuation adds another source of investor caution. Uber: The market is pricing tomorrow’s robotaxis into today’s earnings

Uber Technologies Company Profile

Uber Technologies, Inc operates a technology platform that connects people seeking transportation and delivery services with drivers, couriers, merchants and other providers. Its offerings include rides through the Uber app and food and grocery delivery through Uber Eats.

The company also provides logistics services through Uber Freight, which connects shippers with carriers and offers tools for managing freight transportation. Uber’s platform serves users and businesses across markets in North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.

Founded in San Francisco in 2009 as UberCab, the company expanded from ride-hailing into delivery and freight.