Uber Technologies (NYSE:UBER) Stock Gets Price Target Cut from Canaccord Genuity Group

Key Points

• Canaccord Genuity cut its Uber price target to $70 from $72, implying about 2.3% upside from the stock’s price at the time of the report.
• Analyst opinions remained broadly positive: MarketBeat reported a “Moderate Buy” consensus and an average target of $102.50, despite several firms trimming targets or ratings.
• Uber shares fell 2% to $68.44 on Thursday. The company’s latest quarter modestly beat estimates, reporting $0.88 in EPS and $14.77 billion in revenue, up 9.6% year over year.

Uber Technologies (NYSE:UBER - Get Free Report) had its target price reduced by equities research analysts at Canaccord Genuity Group from $72.00 to $70.00 in a report issued on Thursday. Canaccord Genuity Group's target price would suggest a potential upside of 2.28% from the company's current price.

A number of other brokerages have also recently weighed in on UBER. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Thursday. Barclays decreased their target price on Uber Technologies from $106.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday. Arete Research cut Uber Technologies from a "buy" rating to a "neutral" rating and set a $74.00 target price for the company. in a report on Thursday, September 10th. BTIG Research dropped their target price on Uber Technologies from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $100.00 price target on shares of Uber Technologies in a research note on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, forty-two have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.50.

Uber Technologies Trading Down 2.0%

Uber Technologies stock traded down $1.43 during trading on Thursday, hitting $68.44. The company had a trading volume of 13,930,455 shares, compared to its average volume of 18,972,723. Uber Technologies has a 1-year low of $64.04 and a 1-year high of $95.18. 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 company's 50 day simple moving average is $70.50 and its 200-day simple moving average is $73.18. The stock has a market cap of $139.79 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 6.37 and a beta of 1.33.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.02. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The company had revenue of $14.77 billion for the quarter, compared to analyst estimates of $14.66 billion. During the same quarter in the previous year, the company earned $3.11 earnings per share. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. As a group, analysts expect that Uber Technologies will post 3.20 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrew Macdonald acquired 70,000 shares of Uber Technologies stock in a transaction dated Friday, September 4th. The shares were acquired at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the purchase, the insider owned 426,320 shares in the company, valued at approximately $32,327,845.60. The trade was a 19.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 28,170 shares of Uber Technologies stock in a transaction on 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 completion of the transaction, the insider owned 149,525 shares of the company's stock, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.81% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently bought and sold shares of the stock. Dunhill Financial LLC purchased a new stake in shares of Uber Technologies during the second quarter worth approximately $28,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Uber Technologies in the second quarter worth approximately $29,000. William Mack & Associates Inc. purchased a new position in Uber Technologies in the third quarter worth approximately $28,000. Elevation Wealth Partners LLC grew its holdings in Uber Technologies by 209.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 409 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 277 shares in the last quarter. Finally, Balance Wealth Partners LLC acquired a new position in Uber Technologies during the 3rd quarter worth approximately $29,000. Hedge funds and other 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 reported third-quarter gross bookings growth of 20% and adjusted EPS of $0.88, slightly ahead of estimates. Trailing 12-month free cash flow reached $10.4 billion, supporting the view that the underlying business remains strong. Article: Uber: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Amazon selected Uber Eats as its restaurant-delivery partner for Prime members, making Uber Eats available through Amazon’s app and website. The deal could expand customer reach and delivery volume. Article: Amazon ditches Grubhub, taps Uber Eats for Prime
• Neutral Sentiment: Several analysts maintained Buy/Overweight or Outperform ratings, but some reduced price targets after results. KeyCorp cut its target to $95 and Needham to $100, while retaining bullish ratings—reflecting optimism about long-term potential alongside caution on near-term execution.
• Negative Sentiment: Management’s fourth-quarter adjusted EPS outlook of $0.95–$0.99 fell short of the roughly $1.06 consensus cited in coverage. Driver shortages, particularly in Brazil and India, and elevated fuel costs are prompting higher driver incentives and could pressure margins; mobility results also lagged expectations. Article: Uber CEO warns riders could pay more as fuel costs squeeze driver supply
• Negative Sentiment: Waymo plans to end its exclusive Uber robotaxi arrangement in Austin and Atlanta in January 2028, allowing customers to book rides through Waymo’s own app. The change is a longer-term competitive risk, though it does not end Uber’s broader autonomous-vehicle strategy. Article: Waymo confirms it will split with Uber in January 2028

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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