Uber Technologies (NYSE:UBER) Trading 6.1% Higher - Still a Buy?

Key Points

• Uber has committed more than $10 billion to buy autonomous vehicles and take equity stakes to roll out robotaxis in roughly 28 cities by 2028, while boosting its Lucid investment and vehicle purchase commitments—a strategic shift toward company‑owned, higher‑margin fleets that raises capex and execution demands.
• Shares jumped 6.1% intraday to about $77.39 on renewed investor enthusiasm; the street consensus is a Moderate Buy with an average price target near $105.14 and multiple firms maintaining buy/overweight ratings.
• Near‑term catalysts and risks: Q1 results on May 6 could materially move the stock, but investors face heightened risks from heavy upfront capex, rising AI/R&D costs (Anthropic integrations), and partner funding/execution volatility that could delay rollouts.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares traded up 6.1% during mid-day trading on Wednesday . The company traded as high as $77.93 and last traded at $77.3890. 19,645,093 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 19,560,486 shares. The stock had previously closed at $72.91.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: FT/Reuters reports that Uber has committed more than $10 billion to buy autonomous vehicles and take equity stakes to roll out robotaxis in ~28 cities by 2028 — signaling a tangible, company-led push into higher-margin, company-owned robotaxi fleets. FT: Uber commits $10bn to robotaxis
• Positive Sentiment: Uber is increasing its stake in Lucid and expanding a vehicle purchase commitment (additional $200M to bring total to $500M; >35,000 vehicles), strengthening its supply pipeline for robotaxi rollouts. Proactive: Uber strengthens self-driving ambitions with new Lucid investment
• Positive Sentiment: Analysts and market pieces point to renewed investor enthusiasm (robotaxi plan + potential buybacks), and at least one sell‑side analyst (Bank of America) remains bullish — supporting the near‑term rally. 247wallst: Robotaxi bets and buybacks reignite excitement
• Neutral Sentiment: Operational pilots and partner tests are underway (Lucid Gravity with Nuro in SF; Pony AI commercial tests in Europe), which de‑risks proof of concept but still leaves scaling questions. TechCrunch: Uber/Nuro robotaxi tests
• Neutral Sentiment: Corporate calendar: Uber will report Q1 results on May 6 — upcoming guidance/metrics could materially move the stock. BusinessWire: Q1 results date
• Negative Sentiment: Shift away from an asset‑light model implies heavy near‑term capex and execution risk; investors worry about the economics and timing of a $10B+ rollout. Reuters: $10B robotaxi commitment
• Negative Sentiment: Cost headwinds: Uber’s CTO flagged AI spending pressures tied to Anthropic/Claude integrations, underscoring elevated R&D and AI costs already weighing on margins. Benzinga: Anthropic AI spend strains budget
• Negative Sentiment: Partner risk: Lucid and other autonomy partners have had funding and execution volatility — failures or delays at partners would slow Uber’s timeline and could pressure the stock. Fool: Lucid funding & CEO change

Analysts Set New Price Targets

A number of brokerages have recently commented on UBER. UBS Group set a $111.00 target price on shares of Uber Technologies in a report on Monday, February 2nd. Roth Mkm set a $105.00 price target on shares of Uber Technologies in a research note on Thursday, February 5th. Cantor Fitzgerald lowered their price target on shares of Uber Technologies from $99.00 to $92.00 and set an "overweight" rating for the company in a research report on Thursday, February 5th. TD Cowen reissued a "buy" rating on shares of Uber Technologies in a research note on Wednesday, March 11th. Finally, Weiss Ratings downgraded shares of Uber Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.14.

Uber Technologies Price Performance

The firm has a fifty day moving average price of $73.08 and a two-hundred day moving average price of $82.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $158.10 billion, a P/E ratio of 16.43, a P/E/G ratio of 6.59 and a beta of 1.21.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The ride-sharing company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.08). The firm had revenue of $14.37 billion for the quarter, compared to analysts' expectations of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The business's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the company posted $3.21 earnings per share. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the sale, the insider owned 176,584 shares in the company, valued at $14,744,764. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the sale, the senior vice president directly owned 460,756 shares of the company's stock, valued at $34,303,284.20. This trade represents a 6.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.81% of the company's stock.

Institutional Trading of Uber Technologies

A number of institutional investors and hedge funds have recently modified their holdings of UBER. J. Derek Lewis & Associates Inc. bought a new stake in Uber Technologies in the 4th quarter worth about $326,000. HughesLittle Investment Management Ltd. lifted its stake in Uber Technologies by 1.8% during the 4th quarter. HughesLittle Investment Management Ltd. now owns 425,413 shares of the ride-sharing company's stock valued at $34,760,000 after acquiring an additional 7,463 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Uber Technologies by 16.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,071,306 shares of the ride-sharing company's stock valued at $250,956,000 after acquiring an additional 434,283 shares during the period. Osbon Capital Management LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $25,000. Finally, World Investment Advisors boosted its holdings in shares of Uber Technologies by 17.2% during the 4th quarter. World Investment Advisors now owns 92,490 shares of the ride-sharing company's stock valued at $7,557,000 after acquiring an additional 13,556 shares during the last quarter. 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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