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Uber Technologies (UBER) Stock Forecast, Price & News

$44.89
+0.29 (+0.65%)
(As of 10:22 AM ET)
Compare
Today's Range
$44.76
$45.30
50-Day Range
$43.66
$49.46
52-Week Range
$22.94
$49.49
Volume
2.20 million shs
Average Volume
22.86 million shs
Market Capitalization
$91.73 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$56.00

Uber Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.6% Upside
$56.00 Price Target
Short Interest
Healthy
2.36% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.49mentions of Uber Technologies in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$13.76 M Sold Last Quarter
Proj. Earnings Growth
163.41%
From $0.41 to $1.08 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.75 out of 5 stars

Computer And Technology Sector

94th out of 593 stocks

Business Services, Not Elsewhere Classified Industry

17th out of 88 stocks


UBER stock logo

About Uber Technologies (NYSE:UBER) Stock

Uber Technologies Inc. is a San Francisco-based company providing mobility, food and package delivery services and freight transport. Uber operates in approximately 10,500 cities in 72 countries. The company sets fares based on local supply and demand at the time of booking and receives a commission from each booking. The company has 131 million monthly active users and 5.4 million active drivers and couriers worldwide. 

Uber was founded in 2009 by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp and was initially named Ubercab Inc. The idea for Uber came about after Camp and Kalanick spent a pricey $800 hiring a private driver on New Year's Eve, and Camp needed help finding a taxi on a snowy night in Paris. Camp, Oscar Salazar and Conrad Whelan built the prototype for Uber's mobile app, with Kalanick as the chief advisor to the company. Ryan Graves became the first Uber employee in February 2010 and was named CEO in May 2010. In December 2010, Kalanick succeeded Graves as CEO, and Graves became the chief operating officer. Uber's current CEO is Dara Khosrowshahi, who replaced co-founder Travis Kalanick of Uber in August 2017.

Uber debuted in San Francisco in 2011, opening its services and mobile app to the public after beta testing in May 2010. Initially, the application hailed black luxury cars, which cost about 1.5 times as much as a regular taxi. In response to San Francisco's taxi operators' objections, the company changed its name from UberCab to Uber in the same year. Uber's early team consisted of talented individuals from various fields, including a computational neuroscientist and a nuclear physicist who worked on enhancing the accuracy of Uber's car arrival predictions beyond what Google APIs offered.

In the summer of 2012, Uber rolled out UberX. This budget-friendly alternative permitted drivers to use their cars provided they passed background checks and met insurance, registration and vehicle quality standards. UberX expanded to 35 cities within a few months, demonstrating its popularity among cost-conscious riders. In August 2014, Uber extended its services by introducing Uber Eats, a food delivery platform. It also unveiled a carpooling feature in the San Francisco Bay Area, which soon spread to other cities globally, enabling passengers to share rides and save on fares.

Uber has faced legal action in several jurisdictions due to its classification of drivers as gig workers and independent contractors. Ridesharing companies like Uber have disrupted taxicab businesses and allegedly caused increased traffic congestion. Additionally, Uber has been criticized for various unethical practices, such as ignoring local regulations, some of which were revealed by the leak of the Uber Files between 2013 and 2017 under the leadership of Travis Kalanick.

In August 2016, DiDi acquired Uber's business operations in China, and in exchange, Uber obtained an 18% equity stake in DiDi. DiDi also pledged to invest $1 billion in Uber as part of the agreement. Later that year, Uber purchased Ottomotto, a startup specializing in developing autonomous trucks. The acquisition was valued at $625 million, and the founder of Ottomotto, Anthony Levandowski, was previously accused of stealing trade secrets from his former employer, Waymo, to establish the company. In the same year, Uber also bought Geometric Intelligence, the cornerstone of "Uber AI," a department dedicated to exploring and researching AI technologies and machine learning. The Uber AI project disappeared in May 2020.

Despite the controversies, Uber has committed to carbon neutrality globally by 2040, and by 2030, in most countries, rides will move exclusively to electric vehicles. The company has also formed various partnerships and acquisitions, such as with IT Taxi in Italy, Cornershop for grocery delivery and Postmates for alcohol delivery. Uber continues to expand its services and develop new offerings, such as Uber Works, Uber Green and Uber Eats. The company has recently announced plans to become an emission-free platform and is investing in self-driving cars.

UBER Price History

UBER Stock News Headlines

What if public transit was like Uber? A small city ended its bus service to find out
Small-scale, tech-based solutions to transportation problems have emerged as a great equalizer in the battle for infrastructure dollars between big cities and rural communities
3 Hot Software Stocks Breaking Out to New Highs (UBER)
In a year where the S&P North America Technology Software Index is up more than 40% year-to-date, these three software stocks are climbing to new highs.
The Real Reason They Murdered JFK?
Some people believe JFK was murdered because of his executive order 11110 that would have reduced the power of the Federal Reserve. Regardless if that’s true or not… The Fed is now involved in a new controversy that could have drastic consequences for the US dollar.
AI 2.0 is Here: How to Invest in a Generational Opportunity (UBER)
AI is sweeping the world but don't confuse apples with oranges; here's a look at the top 5 advancements in AI and who is using it.
3 Stocks to Buy Now Ahead of Seasonal September Tailwinds
It’s that time of year. Students are returning to classes again. NFL season is kicking off again. This means demand rises again for transportation. After a t
8 Best Meme Stocks to Buy Now (UBER)
Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.
The 3 Most Promising Growth Stocks Doubling Before You Know It
New EPS projections for the next twelve months are placing these stocks at the top of the growth list, investors would be wise to follow the market's lead.
Uber raises minimum age for most California drivers to 25, saying insurance costs are too high
Uber has raised the minimum age requirement for most new drivers in California to 25
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Not Dead Yet: Is Lyft Gaining Ground on Uber? (UBER)
Rideshare operator Lyft Inc. (NASDAQ: LYFT) has all been left for dead after rival Uber Technologies Inc. (NYSE: UBER) reported a 49% revenue spike and do
Why Uber Stock Was Pulling Back Today
Uber Threatens European Pullout Over Driver Classification
Uber Eats to roll out AI features, more payment options
How Uber Stock Got Back In The Fast Lane
See More Headlines
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UBER Company Calendar

Last Earnings
8/01/2023
Today
9/22/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
32,800
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$56.00
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+25.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
31 Analysts

Profitability

Net Income
$-9,141,000,000.00
Pretax Margin
-1.10%

Debt

Sales & Book Value

Annual Sales
$31.88 billion
Book Value
$4.05 per share

Miscellaneous

Outstanding Shares
2,043,520,000
Free Float
1,965,052,000
Market Cap
$91.13 billion
Optionable
Not Optionable
Beta
1.23

Social Links

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Key Executives

  • Mr. Dara KhosrowshahiMr. Dara Khosrowshahi (Age 53)
    CEO & Director
    Comp: $4.11M
  • Mr. Nelson Juseuk Chai (Age 57)
    Chief Financial Officer
    Comp: $2M
  • Mr. Derek Anthony West J.D. (Age 57)
    Sr. VP, Chief Legal Officer & Corp. Sec.
    Comp: $3.15M
  • Ms. Jill HazelbakerMs. Jill Hazelbaker (Age 41)
    Sr. VP of Marketing & Public Affairs
    Comp: $1.97M
  • Ms. Nikki Krishnamurthy (Age 51)
    Sr. VP & Chief People Officer
    Comp: $1.81M
  • Mr. Garrett CampMr. Garrett Camp (Age 44)
    Co-Founder, Board Observer & Product Advisor
  • Mr. Glen Ceremony (Age 56)
    Chief Accounting Officer & Global Corp. Controller
  • Mr. Sundeep Jain (Age 53)
    Chief Product Officer & Sr. VP of Engineering
  • Mr. Alaxandar Wang
    Head of Investor Relations
  • Mr. Scott Schools
    Chief Compliance and Ethics Officer













UBER Stock - Frequently Asked Questions

Should I buy or sell Uber Technologies stock right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Uber Technologies in the last year. There are currently 31 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" UBER shares.
View UBER analyst ratings
or view top-rated stocks.

What is Uber Technologies' stock price forecast for 2023?

31 Wall Street analysts have issued 12 month price targets for Uber Technologies' shares. Their UBER share price forecasts range from $41.00 to $70.00. On average, they expect the company's share price to reach $56.00 in the next twelve months. This suggests a possible upside of 25.6% from the stock's current price.
View analysts price targets for UBER
or view top-rated stocks among Wall Street analysts.

How have UBER shares performed in 2023?

Uber Technologies' stock was trading at $24.73 at the start of the year. Since then, UBER stock has increased by 80.3% and is now trading at $44.5950.
View the best growth stocks for 2023 here
.

When is Uber Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our UBER earnings forecast
.

How were Uber Technologies' earnings last quarter?

Uber Technologies, Inc. (NYSE:UBER) posted its earnings results on Tuesday, August, 1st. The ride-sharing company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.19. The ride-sharing company earned $9.23 billion during the quarter, compared to analyst estimates of $9.34 billion. Uber Technologies had a negative trailing twelve-month return on equity of 4.57% and a negative net margin of 1.07%. The company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company earned ($1.33) EPS.

What is Dara Khosrowshahi's approval rating as Uber Technologies' CEO?

2,159 employees have rated Uber Technologies Chief Executive Officer Dara Khosrowshahi on Glassdoor.com. Dara Khosrowshahi has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Uber Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Uber Technologies investors own include Tesla (TSLA), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS), Advanced Micro Devices (AMD), Netflix (NFLX), Block (SQ), Micron Technology (MU), Boeing (BA) and Lyft (LYFT).

When did Uber Technologies IPO?

(UBER) raised $8.5 billion in an initial public offering (IPO) on Friday, May 10th 2019. The company issued 180,000,000 shares at a price of $44.00-$50.00 per share. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Citigroup and Allen & Company acted as the underwriters for the IPO and RBC Capital Markets, SunTrust Robinson Humphrey, Deutsche Bank Securities, HSBC, SMBC, Mizuho Securities, Needham & Company, Loop Capital Markets, Siebert Cisneros Shank, Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial Group, Oppenheimer, Raymond James, William Blair, The Williams Capital Group and TPG Capital BD were co-managers.

What is Uber Technologies' stock symbol?

Uber Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "UBER."

Who are Uber Technologies' major shareholders?

Uber Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (6.11%), Jennison Associates LLC (2.23%), Capital World Investors (2.17%), Geode Capital Management LLC (1.05%), Clearbridge Investments LLC (0.68%) and Northern Trust Corp (0.59%). Insiders that own company stock include Cayman 2 Ltd Sb, Dara Khosrowshahi, Jill Hazelbaker, Nelson Chai and Tony West.
View institutional ownership trends
.

How do I buy shares of Uber Technologies?

Shares of UBER stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Uber Technologies' stock price today?

One share of UBER stock can currently be purchased for approximately $44.60.

How much money does Uber Technologies make?

Uber Technologies (NYSE:UBER) has a market capitalization of $91.13 billion and generates $31.88 billion in revenue each year. The ride-sharing company earns $-9,141,000,000.00 in net income (profit) each year or ($0.22) on an earnings per share basis.

How many employees does Uber Technologies have?

The company employs 32,800 workers across the globe.

Does Uber Technologies have any subsidiaries?
The following companies are subsidiares of Uber Technologies: Ando, Autocab Private Hire/Taxis, Careem, Cornershop, Drizly, Geometric Intelligence, JUMP Bikes, Mighty AI, Otto, Postmates, Rasier LLC, Routematch, Swipe Labs, Uber BV, Uber International B.V., Uber International C.V., Uber NL Holdings 1 B.V., Uber Singapore Technology Pte.Ltd., and deCarta.
Read More
How can I contact Uber Technologies?

Uber Technologies' mailing address is 1455 MARKET ST. 4TH FLOOR, SAN FRANCISCO CA, 94103. The official website for the company is www.uber.com. The ride-sharing company can be reached via phone at (415) 612-8582 or via email at investor@uber.com.

This page (NYSE:UBER) was last updated on 9/22/2023 by MarketBeat.com Staff

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