Uber Technologies' (UBER) "Outperform" Rating Reaffirmed at Wedbush

Key Points

• Wedbush reiterated an “Outperform” rating on Uber and set a $91 price target, implying about 25% upside from the prior close.
• Other analysts have also been bullish recently, with several raising targets or ratings; the stock’s consensus view is currently Moderate Buy with an average price target of $104.65.
• Uber’s latest earnings showed EPS of $0.72, beating estimates, while revenue grew 14.5% year over year; the article also highlights Uber’s large proposed $14.8 billion takeover offer for Delivery Hero as a major strategic move.

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Wedbush in a report issued on Thursday,Benzinga reports. They presently have a $91.00 price target on the ride-sharing company's stock. Wedbush's price target indicates a potential upside of 25.09% from the stock's previous close.

A number of other analysts also recently issued reports on UBER. Royal Bank Of Canada initiated coverage on Uber Technologies in a research note on Monday, May 11th. They issued an "outperform" rating for the company. US Capital Advisors set a $95.00 price objective on shares of Uber Technologies in a report on Monday, May 11th. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Raymond James Financial raised shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a research note on Monday, May 11th. Finally, Truist Financial boosted their target price on shares of Uber Technologies from $108.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.65.

Uber Technologies Stock Performance

Shares of UBER stock opened at $72.75 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies has a 12-month low of $67.19 and a 12-month high of $101.99. The business's 50 day moving average is $72.84 and its two-hundred day moving average is $75.21. The company has a market capitalization of $148.08 billion, a P/E ratio of 18.14, a P/E/G ratio of 6.13 and a beta of 1.12.

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

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Uber Technologies during the 4th quarter worth $25,000. Portus Wealth Advisors LLC purchased a new stake in Uber Technologies in the first quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies in the third quarter valued at $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Uber Technologies in the fourth quarter valued at $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

More Uber Technologies News

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

• Positive Sentiment: Uber launched a public takeover offer for Delivery Hero valued at about $14.8 billion, or €41.50 per share, a transaction designed to create a much larger international delivery platform and strengthen Uber’s position against rivals like DoorDash. Uber launches $14.8 billion offer for Delivery Hero to create global platform
• Positive Sentiment: Management said the deal could roughly double Uber’s mobility and delivery markets, highlighting the strategic upside from adding Delivery Hero’s network across Europe, the Middle East, Asia, and Latin America. Dara Khosrowshahi Says $14.8 Billion Delivery Hero Deal Will Double Uber's Mobility, Delivery Markets
• Neutral Sentiment: Reports suggest Uber has been in advanced talks for days and has already secured agreement terms with Delivery Hero, making the deal more concrete, though investors may still wait for regulatory and integration details. Uber launches $14.8 billion takeover bid for Delivery Hero
• Negative Sentiment: The acquisition is very large and could raise questions about capital allocation, execution risk, and antitrust scrutiny, especially as Uber expands more aggressively overseas. Uber nears €12.5bn deal to acquire Delivery Hero

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.

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.