Wedbush Reaffirms "Outperform" Rating for Uber Technologies (NYSE:UBER)

Key Points

• Wedbush reaffirmed its “Outperform” rating on Uber and set a $91 price target, implying approximately 20.13% upside from the stock’s $75.75 opening price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $104.49; 33 analysts rate the stock a Buy, compared with four Holds and three Sells.
• Uber slightly beat quarterly EPS expectations at $0.81 versus $0.80, while revenue reached $14.19 billion and rose 12.2% year over year. Insider Andrew Macdonald also purchased 70,000 shares worth about $5.3 million.

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Wedbush in a report issued on Tuesday, Benzinga reports. They currently have a $91.00 price target on the ride-sharing company's stock. Wedbush's target price suggests a potential upside of 20.13% from the stock's current price.

UBER has been the topic of a number of other reports. Roth Capital cut their price objective on shares of Uber Technologies from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Needham & Company LLC reiterated a "buy" rating and set a $109.00 price objective on shares of Uber Technologies in a research report on Thursday, August 6th. KeyCorp reduced their price objective on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. UBS Group downgraded shares of Uber Technologies from a "buy" rating to a "neutral" rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada began coverage on shares of Uber Technologies in a research report on Monday, May 11th. They issued an "outperform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $104.49.

Uber Technologies Trading Down 0.0%

Shares of NYSE UBER opened at $75.75 on Tuesday. Uber Technologies has a 12-month low of $65.41 and a 12-month high of $101.99. The company has a market cap of $154.72 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 6.00 and a beta of 1.16. 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 stock's 50 day simple moving average is $74.05 and its 200 day simple moving average is $73.63.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion for the quarter, compared to analysts' expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts expect that Uber Technologies will post 3.45 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Andrew Macdonald acquired 70,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the purchase, the insider owned 426,320 shares in the company, valued at approximately $32,327,845.60. This trade represents 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 the SEC website. Corporate insiders own 3.81% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently added to or reduced their stakes in UBER. Osbon Capital Management LLC bought a new position in Uber Technologies in the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC bought a new stake in Uber Technologies during the fourth quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Uber Technologies in the fourth quarter worth about $27,000. 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 launched supervised autonomous rides in London with Wayve and Ford, reinforcing an asset-light strategy in which Uber provides the platform and customer demand while partners supply vehicle and autonomous-driving technology. Strong free cash flow and improving EBITDA margins support the investment case. Uber’s Wayve Deal Shows How It Wants to Win Without Building Cars
• Positive Sentiment: The Wayve partnership and broader autonomous-vehicle expansion could create a long-term growth avenue without requiring Uber to manufacture cars, while analysts maintain a moderately positive consensus. Uber and Wayve Launch UK’s First Supervised Robotaxi Rides
• Positive Sentiment: Uber is reportedly moving closer to acquiring Delivery Hero’s food-delivery assets. The deal could strengthen Uber’s delivery scale and complement strong bookings and autonomous-vehicle initiatives, though financing and integration remain important considerations. Is UBER Stock a Buy as It Closes in on Delivery Hero Buyout?

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.

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