Uber Technologies (NYSE:UBER) Stock Price Up 4.4% - Time to Buy?

Key Points

• Uber shares rose 4.4% to $77.93 in mid-day trading, with the stock now above its 50-day and 200-day moving averages.
• Uber’s latest quarter showed solid operating performance: EPS of $0.81 beat estimates, while revenue increased 12.2% year over year to $14.19 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $104.25.
• Autonomous transportation and delivery are key growth drivers, including Uber’s first European autonomous-ride service and planned U.S. drone delivery expansion. However, Tesla’s Cybercab could create long-term margin pressure for Uber’s traditional driver-based model.

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) rose 4.4% during mid-day trading on Wednesday . The stock traded as high as $79.31 and last traded at $77.93. Approximately 18,789,835 shares were traded during trading, a decline of 4% from the average session volume of 19,562,822 shares. The stock had previously closed at $74.66.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber launched its first European autonomous-ride service. In partnership with Verne and Pony.ai, riders in Zagreb, Croatia, can book self-driving vehicles through the Uber app. A licensed operator will initially remain onboard, with service coverage expected to expand. The launch strengthens Uber’s position as a global platform for third-party autonomous fleets. Uber launches autonomous rides in Zagreb, its first in Europe
• Positive Sentiment: Analysts continue to favor Uber over Lyft. Uber’s second-quarter earnings beat, strong bookings growth, international scale, diversified delivery operations and partnerships with autonomous-vehicle companies were cited as advantages over Lyft’s more narrowly focused business. UBER or LYFT: Which Player is Better-Placed Post-Q2 Earnings Results?
• Positive Sentiment: Uber’s autonomous-delivery push is adding to its growth narrative. The company is investing in Zipline and plans to bring drone delivery to Uber Eats across the United States, targeting as many as 1 million daily deliveries by 2029. The initiative could improve delivery speed and create a more scalable, less labor-intensive logistics network. Uber and Zipline Partner on Drone Delivery: More Growth Ahead?
• Neutral Sentiment: Uber’s latest quarter showed continued operating strength: earnings per share of $0.81 exceeded the $0.80 consensus estimate, while revenue rose 12.2% year over year to $14.19 billion, slightly below expectations.
• Neutral Sentiment: Investor commentary remains supportive, including Jim Cramer’s view that Uber is a strong long-term stock. Such endorsements may improve sentiment but do not materially change fundamentals.
• Negative Sentiment: Tesla’s planned Cybercab rollout presents a potential long-term margin threat. A successful, vertically integrated robotaxi fleet could offer lower per-ride costs and pressure Uber’s traditional driver-based economics. Uber’s platform scale and partnerships may help it participate in the autonomous market, but competitive pricing pressure remains a risk. Tesla's Cybercab Launch Could Reshape Margins for Uber and Lyft

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UBER. Susquehanna cut their price objective on Uber Technologies from $110.00 to $90.00 and set a "positive" rating for the company in a report on Thursday, August 6th. Macquarie Infrastructure raised Uber Technologies to an "outperform" rating in a report on Monday, May 11th. Fox Advisors upgraded shares of Uber Technologies from a "hold" rating to an "outperform" rating in a research report on Monday, May 11th. Wedbush started coverage on shares of Uber Technologies in a report on Thursday, July 16th. They issued an "outperform" rating and a $91.00 price target for the company. Finally, Citigroup restated a "market outperform" rating on shares of Uber Technologies in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $104.25.

Uber Technologies Trading Up 4.4%

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 firm has a market capitalization of $159.18 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 6.24 and a beta of 1.13. The firm has a 50 day moving average price of $72.49 and a two-hundred day moving average price of $73.35.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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 return on equity of 43.36% and a net margin of 17.34%.The business had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the prior year, the business posted $0.60 earnings per share. Uber Technologies'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. On average, equities research analysts expect that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal year.

Institutional Trading of Uber Technologies

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. Bison Wealth LLC lifted its stake in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after purchasing an additional 641 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Uber Technologies in the 1st quarter valued at $304,000. Finally, Schnieders Capital Management LLC. bought a new stake in Uber Technologies in the second quarter worth $842,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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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