Uber Technologies (NYSE:UBER) Stock Keeps "Overweight" Rating at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald reaffirmed its “overweight” rating on Uber and set a $90 price target, implying 26.81% potential upside from the reported $70.97 share price. Analysts overall rate the stock “Moderate Buy,” with an average target of $103.11.
• Uber reported quarterly EPS of $0.81, narrowly beating estimates, while revenue reached $14.19 billion, up 12.2% year over year but slightly below expectations. Analysts forecast full-year EPS of $3.35.
• CEO Dara Khosrowshahi bought 141,000 shares worth about $10 million, while insider Jill Hazelbaker sold approximately $2 million in shares. Institutional investors own a substantial 80.24% of Uber’s outstanding stock.

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Cantor Fitzgerald in a report released on Monday, Benzinga reports. They currently have a $90.00 target price on the ride-sharing company's stock. Cantor Fitzgerald's price objective points to a potential upside of 26.81% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. Piper Sandler restated an "overweight" rating on shares of Uber Technologies in a report on Thursday, August 13th. Wells Fargo & Company boosted their target price on shares of Uber Technologies from $89.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, October 5th. Wedbush reissued an "outperform" rating and set a $91.00 target price on shares of Uber Technologies in a report on Tuesday, September 8th. BTIG Research restated a "buy" rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, October 6th. Finally, The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $103.11.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.54 during midday trading on Monday, hitting $70.97. 5,456,201 shares of the company's stock were exchanged, compared to its average volume of 19,016,061. Uber Technologies has a 12-month low of $65.41 and a 12-month high of $100.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $144.96 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 5.82 and a beta of 1.27. The firm's 50 day simple moving average is $73.17 and its 200 day simple moving average is $72.93.

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, topping 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 company had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. During the same quarter last year, the business earned $0.60 EPS. The business's revenue 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 research analysts predict that Uber Technologies will post 3.35 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the company'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 transaction, the insider directly owned 149,525 shares in the company, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi purchased 141,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was bought at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the completion of the purchase, the chief executive officer owned 1,367,100 shares in the company, valued at $97,009,416. The trade was a 11.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

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

Uber Technologies Company Profile

Uber Technologies, Inc NYSE: UBER is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.

Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.