Uber Technologies (NYSE:UBER) Stock Gets Price Target Cut from Needham & Company LLC

Key Points

• Needham cut Uber’s price target from $109 to $100 but maintained its Buy rating; the new target implies about 43% upside from the prior close.
• Uber’s latest quarter modestly beat analyst expectations, reporting EPS of $0.88 versus $0.86 expected and revenue of $14.77 billion versus $14.66 billion expected. Revenue rose 9.6% year over year.
• Near-term outlook is a concern: fourth-quarter adjusted EPS guidance of $0.95–$0.99 was below the roughly $1.06 analyst estimate, with driver shortages and higher fuel costs potentially pressuring growth and margins.

Uber Technologies (NYSE:UBER - Get Free Report) had its price target cut by equities research analysts at Needham & Company LLC from $109.00 to $100.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a "buy" rating on the ride-sharing company's stock. Needham & Company LLC's price objective would indicate a potential upside of 42.95% from the stock's previous close.

A number of other research analysts also recently weighed in on the company. Citizens Jmp reissued a "market outperform" rating and issued a $100.00 target price on shares of Uber Technologies in a report on Wednesday, October 7th. Benchmark restated a "hold" rating on shares of Uber Technologies in a research note on Monday, July 20th. Evercore reaffirmed an "outperform" rating and set a $150.00 price target on shares of Uber Technologies in a report on Wednesday, August 5th. Arete Research cut shares of Uber Technologies from a "buy" rating to a "neutral" rating and set a $74.00 target price on the stock. in a research note on Thursday, September 10th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Uber Technologies in a report on Wednesday, October 7th. Two investment 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 stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $102.49.

Uber Technologies Trading Up 5.0%

NYSE:UBER opened at $69.95 on Thursday. The company has a market cap of $142.89 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 6.37 and a beta of 1.33. 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 has a 50 day simple moving average of $70.50 and a two-hundred day simple moving average of $73.18. Uber Technologies has a 12 month low of $64.04 and a 12 month high of $95.44.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $14.77 billion for the quarter, compared to analysts' expectations of $14.66 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The company's revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.11 EPS. Research analysts forecast that Uber Technologies will post 3.20 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, 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 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew Macdonald bought 70,000 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the transaction, the insider directly owned 426,320 shares of the company's stock, valued at $32,327,845.60. This represents a 19.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Pictet Asset Management Holding SA lifted its position in shares of Uber Technologies by 2.9% during the 3rd quarter. Pictet Asset Management Holding SA now owns 3,342,977 shares of the ride-sharing company's stock worth $229,027,000 after buying an additional 94,508 shares during the last quarter. Formidable Asset Management LLC boosted its stake in shares of Uber Technologies by 5.2% during the third quarter. Formidable Asset Management LLC now owns 24,653 shares of the ride-sharing company's stock worth $1,779,000 after buying an additional 1,222 shares during the period. Guidance Capital Inc. grew its stake in shares of Uber Technologies by 2.3% in the 3rd quarter. Guidance Capital Inc. now owns 16,387 shares of the ride-sharing company's stock valued at $1,093,000 after purchasing an additional 376 shares during the last quarter. International Assets Investment Management LLC increased its stake in Uber Technologies by 279.5% in the 3rd quarter. International Assets Investment Management LLC now owns 40,000 shares of the ride-sharing company's stock valued at $2,740,000 after buying an additional 29,460 shares during the period. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Uber Technologies by 4.8% during the third quarter. Kestra Private Wealth Services LLC now owns 182,404 shares of the ride-sharing company's stock worth $12,496,000 after acquiring an additional 8,392 shares during the period. 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 non-GAAP EPS of $0.88, slightly above estimates; non-GAAP operating income also rose 38%. The sharp decline in GAAP profit largely reflects unusual investment and tax-related comparisons, rather than a similar drop in core operating performance. Uber Q3 earnings
• Positive Sentiment: Amazon selected Uber Eats as its U.S. restaurant-delivery partner for Prime members. Orders through Amazon’s website and app could expand Uber Eats’ reach, although the financial contribution has not been disclosed. Amazon partnership article
• Neutral Sentiment: Uber is targeting about 700 fully driverless vehicles on its network by year-end and more than 2,000 in 2027, offering a potential long-term growth avenue. However, AI-agent ordering remains negligible so far—504 orders and rides against roughly 320 million weekly transactions. Long-term investor takeaways
• Negative Sentiment: Fourth-quarter adjusted EPS guidance of $0.95–$0.99 falls short of the roughly $1.06 analyst estimate. Driver shortages and higher fuel costs, especially in India and Brazil, are prompting more driver incentives and potentially higher rider prices, which could weigh on growth or margins. Reuters earnings outlook article
• Negative Sentiment: Waymo plans to end its exclusive Uber robotaxi arrangement in Austin and Atlanta in January 2028, creating a future competitive risk in those markets. Waymo partnership article

About Uber Technologies

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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