Uber Technologies (NYSE:UBER) Given New $106.00 Price Target at UBS Group

Key Points

• UBS Group lowered Uber’s price target from $110 to $106 while maintaining a “buy” rating, implying approximately 59% upside from the reported $66.62 share price.
• Analyst sentiment remains broadly positive: Uber has an average “Moderate Buy” rating and a consensus price target of $102.86, based on 42 analyst ratings.
• Uber reported quarterly EPS of $0.81, slightly exceeding estimates, while revenue rose 12.2% year over year to $14.19 billion. CEO Dara Khosrowshahi also purchased 141,000 shares, increasing his position by 11.5%.

Uber Technologies (NYSE:UBER - Get Free Report) had its price objective cut by equities research analysts at UBS Group from $110.00 to $106.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the ride-sharing company's stock. UBS Group's price target indicates a potential upside of 59.12% from the company's current price.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. BMO Capital Markets set a $119.00 price objective on Uber Technologies in a report on Thursday, September 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Monday, October 12th. Mizuho set a $112.00 target price on shares of Uber Technologies in a report on Thursday, August 6th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $100.00 target price on shares of Uber Technologies in a research report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $102.86.

Uber Technologies Trading Up 2.1%

Shares of NYSE UBER traded up $1.37 during mid-day trading on Monday, reaching $66.62. The company had a trading volume of 17,633,803 shares, compared to its average volume of 18,904,365. The business's 50-day moving average is $71.21 and its 200-day moving average is $73.44. 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 stock has a market cap of $136.07 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 6.24 and a beta of 1.33. Uber Technologies has a 52 week low of $64.04 and a 52 week high of $100.35.

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 for the quarter, beating 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 company had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same quarter last year, the business posted $0.60 EPS. The firm'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. Equities analysts expect that Uber Technologies will post 3.20 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi acquired 141,000 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the purchase, the chief executive officer directly owned 1,367,100 shares of the company's stock, valued at $97,009,416. This trade represents a 11.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 28,170 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the sale, the insider directly owned 149,525 shares in the company, valued at approximately $10,662,627.75. The trade was a 15.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.81% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Private Wealth Services LLC boosted its stake in Uber Technologies by 4.8% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 182,404 shares of the ride-sharing company's stock worth $12,496,000 after purchasing an additional 8,392 shares in the last quarter. Bfsg LLC grew its position in Uber Technologies by 1.2% during the 3rd quarter. Bfsg LLC now owns 37,923 shares of the ride-sharing company's stock worth $2,598,000 after purchasing an additional 461 shares during the last quarter. SFI Advisors LLC acquired a new position in Uber Technologies during the 3rd quarter valued at approximately $610,000. Caldwell Trust Co increased its stake in Uber Technologies by 78.3% during the 3rd quarter. Caldwell Trust Co now owns 7,982 shares of the ride-sharing company's stock valued at $547,000 after purchasing an additional 3,506 shares in the last quarter. Finally, 3Chopt Investment Partners LLC purchased a new position in shares of Uber Technologies in the third quarter worth $213,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber's Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.

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