Uber Technologies' (UBER) "Market Outperform" Rating Reiterated at Citizens Jmp

Key Points

• Citizens Jmp reiterated its “Market Outperform” rating on Uber Technologies and set a $100 price target, implying approximately 26% upside from the stock’s current price.
• Analyst sentiment remains broadly positive, with Uber holding a consensus “Moderate Buy” rating and an average price target of $104.25.
• Uber’s latest quarter slightly exceeded EPS expectations at $0.81 versus $0.80, while revenue rose 12.2% year over year to $14.19 billion, despite narrowly missing revenue estimates.

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "market outperform" rating restated by investment analysts at Citizens Jmp in a note issued to investors on Tuesday,Benzinga reports. They presently have a $100.00 target price on the ride-sharing company's stock. Citizens Jmp's price target suggests a potential upside of 26.14% from the company's current price.

Several other research analysts also recently commented on the stock. Fox Advisors upgraded shares of Uber Technologies from a "hold" rating to an "outperform" rating in a research report on Monday, May 11th. UBS Group lowered Uber Technologies from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. KeyCorp lowered their price target on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, July 14th. Guggenheim reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Uber Technologies in a research note on Thursday, August 6th. Finally, Macquarie Infrastructure raised Uber Technologies to an "outperform" rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $104.25.

Uber Technologies Stock Up 0.6%

UBER stock opened at $79.27 on Tuesday. The company has a market cap of $161.92 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 6.35 and a beta of 1.13. The business has a 50-day simple moving average of $73.19 and a 200 day simple moving average of $73.31. Uber Technologies has a 52 week low of $65.41 and a 52 week high of $101.99. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. During the same period last year, the firm earned $0.60 EPS. The business's quarterly revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts anticipate that Uber Technologies will post 3.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in UBER. BIP Wealth LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at about $1,033,000. Pacer Advisors Inc. increased its holdings in shares of Uber Technologies by 23.7% in the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company's stock valued at $370,641,000 after purchasing an additional 985,989 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Uber Technologies by 6.1% during 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 acquiring an additional 29,587 shares during the period. Mach 1 Financial Group LLC purchased a new position in Uber Technologies during the fourth quarter worth about $1,220,000. Finally, Weiss Asset Management LP raised its position in shares of Uber Technologies by 465.5% during the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company's stock valued at $4,497,000 after buying an additional 51,465 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies News Summary

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

• Positive Sentiment: Uber is rolling out live video streaming for teen accounts across the U.S., allowing parents to monitor rides and potentially strengthening the platform’s safety credentials and appeal to family users. Uber launches live video streaming for teen accounts
• Positive Sentiment: Uber’s robotaxi strategy is gaining momentum as Baidu’s fully driverless Apollo Go vehicles begin operating in Dubai under a multi-year partnership. The initiative could give Uber exposure to autonomous transportation without requiring it to develop the entire vehicle technology stack itself. Uber's Robotaxi Push Gains Pace in Dubai
• Positive Sentiment: The PGA TOUR named Uber its official rideshare sponsor and Uber Eats its official on-demand food-delivery sponsor, providing brand visibility and potential demand benefits across transportation and delivery. PGA TOUR taps Uber as official sponsor
• Positive Sentiment: Analyst commentary remains constructive, citing gross-bookings growth, free cash flow, margin expansion and buyback potential. Bill Ackman’s Pershing Square also reportedly built a large Uber position, reinforcing bullish long-term sentiment. Bill Ackman invests in Uber
• Neutral Sentiment: A Zoomcar partnership will let users compare self-drive rentals with Uber Intercity chauffeur-driven rides in India, potentially improving trip discovery but likely having limited near-term impact on consolidated results. Zoomcar and Uber partnership
• Positive Sentiment: Industry commentary indicates food-delivery demand remains resilient even as consumers reduce spending in other categories, supporting the outlook for Uber Eats. Food delivery demand remains resilient
• Negative Sentiment: Dutch regulators fined Uber €824.99 million—approximately $966 million—for allegedly using automated systems to suspend or deactivate drivers based on conduct and ratings. The penalty creates a substantial financial, legal and regulatory risk and could prompt changes to Uber’s driver-management systems. Uber faces fine over automated driver suspensions

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber's principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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