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Uber Technologies (UBER) Stock Price, News & Analysis

Uber Technologies logo
$72.04
-7.39 (-9.30%)
(As of 10/31/2024 ET)

About Uber Technologies Stock (NYSE:UBER)

Key Stats

Today's Range
$69.87
$74.99
50-Day Range
$68.09
$86.34
52-Week Range
$42.20
$87.00
Volume
64.00 million shs
Average Volume
18.04 million shs
Market Capitalization
$151.35 billion
P/E Ratio
79.16
Dividend Yield
N/A
Price Target
$88.86
Consensus Rating
Moderate Buy

Company Overview

Uber Technologies Inc. is a San Francisco-based company providing mobility, food and package delivery services and freight transport. Uber operates in approximately 10,500 cities in 72 countries. The company sets fares based on local supply and demand at the time of booking and receives a commission from each booking. The company has 131 million monthly active users and 5.4 million active drivers and couriers worldwide. 

Uber was founded in 2009 by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp and was initially named Ubercab Inc. The idea for Uber came about after Camp and Kalanick spent a pricey $800 hiring a private driver on New Year's Eve, and Camp needed help finding a taxi on a snowy night in Paris. Camp, Oscar Salazar and Conrad Whelan built the prototype for Uber's mobile app, with Kalanick as the chief advisor to the company. Ryan Graves became the first Uber employee in February 2010 and was named CEO in May 2010. In December 2010, Kalanick succeeded Graves as CEO, and Graves became the chief operating officer. Uber's current CEO is Dara Khosrowshahi, who replaced co-founder Travis Kalanick of Uber in August 2017.

Uber debuted in San Francisco in 2011, opening its services and mobile app to the public after beta testing in May 2010. Initially, the application hailed black luxury cars, which cost about 1.5 times as much as a regular taxi. In response to San Francisco's taxi operators' objections, the company changed its name from UberCab to Uber in the same year. Uber's early team consisted of talented individuals from various fields, including a computational neuroscientist and a nuclear physicist who worked on enhancing the accuracy of Uber's car arrival predictions beyond what Google APIs offered.

In the summer of 2012, Uber rolled out UberX. This budget-friendly alternative permitted drivers to use their cars provided they passed background checks and met insurance, registration and vehicle quality standards. UberX expanded to 35 cities within a few months, demonstrating its popularity among cost-conscious riders. In August 2014, Uber extended its services by introducing Uber Eats, a food delivery platform. It also unveiled a carpooling feature in the San Francisco Bay Area, which soon spread to other cities globally, enabling passengers to share rides and save on fares.

Uber has faced legal action in several jurisdictions due to its classification of drivers as gig workers and independent contractors. Ridesharing companies like Uber have disrupted taxicab businesses and allegedly caused increased traffic congestion. Additionally, Uber has been criticized for various unethical practices, such as ignoring local regulations, some of which were revealed by the leak of the Uber Files between 2013 and 2017 under the leadership of Travis Kalanick.

In August 2016, DiDi acquired Uber's business operations in China, and in exchange, Uber obtained an 18% equity stake in DiDi. DiDi also pledged to invest $1 billion in Uber as part of the agreement. Later that year, Uber purchased Ottomotto, a startup specializing in developing autonomous trucks. The acquisition was valued at $625 million, and the founder of Ottomotto, Anthony Levandowski, was previously accused of stealing trade secrets from his former employer, Waymo, to establish the company. In the same year, Uber also bought Geometric Intelligence, the cornerstone of "Uber AI," a department dedicated to exploring and researching AI technologies and machine learning. The Uber AI project disappeared in May 2020.

Despite the controversies, Uber has committed to carbon neutrality globally by 2040, and by 2030, in most countries, rides will move exclusively to electric vehicles. The company has also formed various partnerships and acquisitions, such as with IT Taxi in Italy, Cornershop for grocery delivery and Postmates for alcohol delivery. Uber continues to expand its services and develop new offerings, such as Uber Works, Uber Green and Uber Eats. The company has recently announced plans to become an emission-free platform and is investing in self-driving cars.

Uber Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

UBER MarketRank™: 

Uber Technologies scored higher than 98% of companies evaluated by MarketBeat, and ranked 29th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Uber Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.87, and is based on 32 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Uber Technologies has been the subject of 22 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Uber Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Uber Technologies are expected to grow by 109.09% in the coming year, from $1.10 to $2.30 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Uber Technologies is 79.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.66.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Uber Technologies is 79.16, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 266.28.

  • Price to Earnings Growth Ratio

    Uber Technologies has a PEG Ratio of 1.33. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Uber Technologies has a P/B Ratio of 12.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Uber Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    2.63% of the outstanding shares of Uber Technologies have been sold short.
  • Short Interest Ratio / Days to Cover

    Uber Technologies has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Uber Technologies has recently increased by 4.89%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Uber Technologies does not currently pay a dividend.

  • Dividend Growth

    Uber Technologies does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.63% of the outstanding shares of Uber Technologies have been sold short.
  • Short Interest Ratio / Days to Cover

    Uber Technologies has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Uber Technologies has recently increased by 4.89%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Uber Technologies has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 48 news articles for Uber Technologies this week, compared to 37 articles on an average week.
  • Search Interest

    200 people have searched for UBER on MarketBeat in the last 30 days. This is an increase of 48% compared to the previous 30 days.
  • MarketBeat Follows

    Only 32 people have added Uber Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Uber Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,880,000.00 in company stock.

  • Percentage Held by Insiders

    Only 3.80% of the stock of Uber Technologies is held by insiders.

  • Percentage Held by Institutions

    80.24% of the stock of Uber Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Uber Technologies' insider trading history.
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UBER Stock News Headlines

Financial markets news icon
MarketBeat Week in Review – 10/21- 10/25 (UBER)
Equities had a mixed week, but the tech-heavy NASDAQ powered to an all-time high; big tech earnings and key economic reports could bring more volatility
Serve robotics
Is This NVIDIA Backed Robotics Stock a Buy As It Nears Expansion? (UBER)
Serve Robotics has seen a massive increase in share price since NVIDIA revealed their investment in the tiny company, but is it justified?
I was wrong. Dead wrong.
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
Wroclaw, Poland - AUG 25, 2020: Uber driver holding smartphone in car. Uber is sharing-economy service for ubran transport.
Is Uber the Real Winner After Tesla's 'We, Robot' Flop?
After Tesla's robot unveiling in October flopped, it seems that Uber's rideshare model is not facing an immediate threat from fully self-driving taxis.
Tesla logo on car
Tesla Stock Likely Heading Lower After RoboTaxi Flop (UBER)
Tesla's robotaxi event was a flop, raising more questions than it answered, leaving analysts feeling tepid about the near-term prospects.
Uber price target raised to $120 from $90 at Evercore ISI
See More Headlines

UBER Stock Analysis - Frequently Asked Questions

Uber Technologies' stock was trading at $61.57 on January 1st, 2024. Since then, UBER stock has increased by 17.0% and is now trading at $72.04.
View the best growth stocks for 2024 here
.

Uber Technologies, Inc. (NYSE:UBER) announced its quarterly earnings data on Tuesday, August, 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.16. The company's quarterly revenue was up 15.9% on a year-over-year basis.

Uber Technologies subsidiaries include these companies: Drizly, Autocab Private Hire/Taxis, Routematch, Postmates, Cornershop, Mighty AI, Careem, and more.

Uber Technologies (UBER) raised $8.5 billion in an IPO on Friday, May 10th 2019. The company issued 180,000,000 shares at $44.00-$50.00 per share. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Citigroup and Allen & Company served as the underwriters for the IPO and RBC Capital Markets, SunTrust Robinson Humphrey, Deutsche Bank Securities, HSBC, SMBC, Mizuho Securities, Needham & Company, Loop Capital Markets, Siebert Cisneros Shank, Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial Group, Oppenheimer, Raymond James, William Blair, The Williams Capital Group and TPG Capital BD were co-managers.

Uber Technologies' top institutional shareholders include National Pension Service (0.18%), Allspring Global Investments Holdings LLC (0.13%), Principal Financial Group Inc. (0.12%) and AMF Tjanstepension AB (0.10%). Insiders that own company stock include Dara Khosrowshahi, Nelson Chai, Jill Hazelbaker and Tony West.
View institutional ownership trends
.

Shares of UBER stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Uber Technologies investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Salesforce (CRM), Broadcom (AVGO), Tesla (TSLA) and CrowdStrike (CRWD).

Company Calendar

Last Earnings
8/06/2024
Today
10/31/2024
Next Earnings (Confirmed)
10/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Business Services
Fax
N/A
Employees
30,400
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$88.86
High Stock Price Target
$114.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+11.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
39 Analysts

Profitability

Net Income
$1.89 billion
Pretax Margin
6.12%

Debt

Sales & Book Value

Annual Sales
$40.06 billion
Cash Flow
$1.39 per share
Book Value
$5.84 per share

Miscellaneous

Outstanding Shares
2,100,937,000
Free Float
2,021,101,000
Market Cap
$166.90 billion
Optionable
Optionable
Beta
1.33

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This page (NYSE:UBER) was last updated on 10/31/2024 by MarketBeat.com Staff
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