Uber Technologies (NYSE:UBER) Trading Up 2.4% - Here's Why

Key Points

• Uber shares rose 2.4% on the day, trading as high as $74.51 after closing at $72.66, with lighter-than-usual trading volume.
• Recent news flow remains mostly positive: analysts continue to back the stock with buy/overweight ratings and price targets around $100-$115, while Uber’s latest quarter showed 14.5% year-over-year revenue growth to $13.2 billion.
• Investors are focused on Uber’s long-term upside from autonomous vehicle and robotaxi initiatives, though competition from Waymo and Tesla, along with other risks like legal scrutiny and debt, could pressure the stock.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price was up 2.4% during trading on Thursday . The company traded as high as $74.51 and last traded at $74.3880. Approximately 13,729,154 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 19,826,051 shares. The stock had previously closed at $72.66.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Analyst commentary remains supportive, with multiple firms reiterating buy/overweight/outperform ratings and recent price targets clustered around $100-$115, reflecting confidence in Uber’s trip-volume, gross bookings, and revenue momentum. Uber Stock (UBER) Opinions on Analyst Upgrades and Growth Metrics
• Positive Sentiment: Uber’s Q1 revenue grew 14.5% year over year to $13.2 billion, reinforcing the view that core rides and delivery demand remains strong despite market volatility. Uber Removes Two Leaders From AI Growth Unit
• Positive Sentiment: Investor interest is also being lifted by Uber’s autonomous vehicle push and partnerships, which some see as a long-term upside catalyst for the stock. Is UBER's AV Push Reason Enough to Invest in the Stock Currently?
• Neutral Sentiment: Uber-backed Lime completed a well-received IPO, which adds visibility to Uber’s broader mobility ecosystem but is not a direct near-term earnings driver. Uber-backed Lime's muted Nasdaq debut caps comeback 'from death'
• Negative Sentiment: Shares have also been pressured by concerns that robotaxi competition, including Waymo and Tesla, could eventually erode Uber’s ride-hailing moat. Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
• Negative Sentiment: Additional overhangs include insider sales, legal and safety scrutiny, debt, and labor/geopolitical risks, which temper enthusiasm despite the company’s strong operating trends. Uber (UBER) Stock Looks Cheap On Earnings But Weaker On Risk

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. BNP Paribas Exane lowered Uber Technologies to an "underweight" rating in a research note on Monday, May 11th. DA Davidson reiterated a "buy" rating and set a $107.00 price target on shares of Uber Technologies in a report on Tuesday, May 26th. The Goldman Sachs Group set a $100.00 price target on shares of Uber Technologies in a research report on Monday. Macquarie Infrastructure raised shares of Uber Technologies to an "outperform" rating in a report on Monday, May 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Uber Technologies from $95.00 to $102.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $104.54.

Uber Technologies Trading Up 2.4%

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm's fifty day moving average is $73.18 and its two-hundred day moving average is $75.73. The firm has a market cap of $151.42 billion, a P/E ratio of 18.55, a PEG ratio of 6.13 and a beta of 1.12.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The business had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. During the same period in the prior year, the business earned $0.83 EPS. The company's revenue for the quarter was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts predict that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Uber Technologies in the fourth quarter worth $2,515,094,000. Marshall Wace LLP lifted its position in Uber Technologies by 1,462.2% during the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock valued at $546,919,000 after buying an additional 6,264,946 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Uber Technologies by 129.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company's stock valued at $776,883,000 after buying an additional 5,293,822 shares during the period. Employees Provident Fund Board bought a new stake in shares of Uber Technologies during the 4th quarter valued at $265,205,000. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Uber Technologies during the 1st quarter valued at $222,983,000. 80.24% of the stock is owned by institutional investors.

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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