Uber Technologies (NYSE:UBER) Stock Keeps Outperform Rating at Wedbush

Key Points

• Wedbush reiterated its Outperform rating on Uber and set a $91 price target, implying about 30% upside from the previous close.
• Analyst sentiment is broadly positive: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $102.49.
• Uber’s latest reported quarter modestly beat estimates, with EPS of $0.88 versus $0.86 expected and revenue of $14.77 billion versus $14.66 billion. However, its fourth-quarter adjusted EPS outlook was below analysts’ expectations.

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Wedbush in a research note issued on Thursday, Benzinga reports. They currently have a $91.00 price target on the ride-sharing company's stock. Wedbush's price target would suggest a potential upside of 30.08% from the stock's previous close.

A number of other research firms have also weighed in on UBER. Citizens Jmp reaffirmed a "market outperform" rating and set a $100.00 target price on shares of Uber Technologies in a report on Wednesday, October 7th. TD Cowen reaffirmed a "buy" rating and set a $118.00 price target on shares of Uber Technologies in a research report on Thursday, July 16th. Guggenheim reissued a "buy" rating and set a $125.00 price objective on shares of Uber Technologies in a research note on Friday, October 16th. Barclays decreased their price target on Uber Technologies from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. Finally, Evercore reaffirmed an "outperform" rating and set a $150.00 target price on shares of Uber Technologies in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.49.

Uber Technologies Stock Performance

Shares of UBER opened at $69.95 on Thursday. The stock has a 50 day moving average of $70.50 and a 200 day moving average of $73.18. 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 has a market capitalization of $142.89 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 6.37 and a beta of 1.33. 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 posted its quarterly earnings data on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.02. The business had revenue of $14.77 billion during the quarter, compared to the consensus estimate of $14.66 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.11 earnings per share. As a group, sell-side analysts forecast that Uber Technologies will post 3.20 earnings per share for the current year.

Insider Activity

In other 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 completion of the acquisition, the chief executive officer directly owned 1,367,100 shares of the company's stock, valued at $97,009,416. The trade was a 11.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 28,170 shares of the business's stock in a transaction dated 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.81% of the company's stock.

Institutional Trading of Uber Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in UBER. Public Investment Fund acquired a new stake in Uber Technologies in the 2nd quarter valued at about $5,256,173,439. Legal & General Group Plc purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Uber Technologies in the second quarter valued at approximately $752,151,000. Baird Financial Group Inc. grew its position in Uber Technologies by 64.4% during the 2nd quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company's stock worth $656,609,000 after purchasing an additional 3,564,073 shares during the last quarter. Finally, Fundsmith LLP purchased a new stake in Uber Technologies during the 2nd quarter valued at approximately $645,338,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Key Headlines Impacting Uber Technologies

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

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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