Uber Technologies (NYSE:UBER) Price Target Raised to $110.00

Key Points

• Jefferies raised Uber’s price target to $110 from $100 and maintained a “buy” rating, implying 46.77% potential upside from the previous close.
• Analyst sentiment remains broadly positive, with MarketBeat reporting a “Moderate Buy” consensus rating and an average price target of $104.39.
• Uber’s latest quarterly earnings slightly exceeded expectations at $0.81 per share, while revenue rose 12.2% year over year to $14.19 billion, narrowly missing estimates.

Uber Technologies (NYSE:UBER - Get Free Report) had its price objective upped by Jefferies Financial Group from $100.00 to $110.00 in a report released on Monday,Benzinga reports. The firm currently has a "buy" rating on the ride-sharing company's stock. Jefferies Financial Group's target price indicates a potential upside of 46.77% from the stock's previous close.

Several other brokerages have also issued reports on UBER. Needham & Company LLC reaffirmed a "buy" rating and set a $109.00 target price on shares of Uber Technologies in a research report on Thursday. Evercore reaffirmed an "outperform" rating and set a $150.00 target price on shares of Uber Technologies in a research note on Wednesday. KeyCorp dropped their target price on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, July 14th. Wolfe Research set a $100.00 price objective on Uber Technologies in a report on Friday, May 29th. Finally, HSBC lowered Uber Technologies to a "reduce" rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $104.39.

Uber Technologies Stock Performance

NYSE UBER opened at $74.94 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. Uber Technologies has a fifty-two week low of $65.41 and a fifty-two week high of $101.99. The company has a market cap of $152.56 billion, a P/E ratio of 16.47, a P/E/G ratio of 6.65 and a beta of 1.13. The business's 50 day moving average price is $71.86 and its 200-day moving average price is $73.65.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The business's 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 predict that Uber Technologies will post 3.08 earnings per share for the current year.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently modified their holdings of UBER. Pacer Advisors Inc. increased its holdings in shares of Uber Technologies by 23.7% during the 1st quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company's stock worth $370,641,000 after purchasing an additional 985,989 shares during the period. Vanguard Group Inc. increased its holdings in Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Uber Technologies by 6.1% in the first 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 last quarter. Mach 1 Financial Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $1,220,000. Finally, Weiss Asset Management LP lifted its position in 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 purchasing an additional 51,465 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Company Profile

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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