S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Corruption scandals cast a shadow over Portugal’s early general election and may favor populists
The perfect AI stock under $10 (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
The perfect AI stock under $10 (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Corruption scandals cast a shadow over Portugal’s early general election and may favor populists
The perfect AI stock under $10 (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
The perfect AI stock under $10 (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Corruption scandals cast a shadow over Portugal’s early general election and may favor populists
The perfect AI stock under $10 (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
The perfect AI stock under $10 (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Corruption scandals cast a shadow over Portugal’s early general election and may favor populists
The perfect AI stock under $10 (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
The perfect AI stock under $10 (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
AT&T will give $5 to customers hit by cellphone network outage

Uber Technologies (UBER) Stock Price, News & Analysis

$78.20
+0.17 (+0.22%)
(As of 02/23/2024 ET)
Today's Range
$77.72
$78.97
50-Day Range
$57.57
$81.39
52-Week Range
$29.22
$81.86
Volume
15.65 million shs
Average Volume
23.70 million shs
Market Capitalization
$162.38 billion
P/E Ratio
90.93
Dividend Yield
N/A
Price Target
$73.06

Uber Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
6.6% Downside
$73.06 Price Target
Short Interest
Healthy
2.89% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.60mentions of Uber Technologies in the last 14 days
Based on 53 Articles This Week
Insider Trading
Selling Shares
$2.87 M Sold Last Quarter
Proj. Earnings Growth
68.97%
From $1.16 to $1.96 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Computer And Technology Sector

57th out of 582 stocks

Business Services, Not Elsewhere Classified Industry

9th out of 85 stocks


UBER stock logo

About Uber Technologies Stock (NYSE:UBER)

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 Stock Price History

UBER Stock News Headlines

MarketBeat Week in Review – 2/12 - 2/16 (UBER)
Higher inflation readings dampened expectations for rate cuts, and a shortened trading week may get more volatile when many retail stocks report earnings
Lyft your expectations: A reality check for a promising future (UBER)
Lyft's financial firsts and a headline-grabbing typo send the stock soaring and capture the ride-hailing sector's turbulent and promising future
Free Stock Analysis Report: See The True Value of Any Stock
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Uber quadruples EPS estimates, but is growth decelerating?
Leading rideshare and delivery platform operator Uber Technologies reported strong earnings to round out its first profitable year, but growth may be slowing
3 stocks set to benefit from record Valentine's Day spending (UBER)
Ongoing demand for experiences and resilient consumer spending will help contribute to record Valentine's Day spending this year; here are three stocks to buy
S&P 500 rockets to new highs as earnings beat estimates (UBER)
The S&P 500 hits new highs as 10 of the 11 S&P sectors report positive Q4 earnings surprises. The tech and energy sectors are among the earnings leaders.
In a first for Uber since becoming a public company, an annual profit.
Uber posted its first full-year profit since going public in 2019 and its stock is hitting all-time highs as strong bookings in the final quarter of the year pushed profit and revenue beyond Wall Street expectations
From Uber Eats' 'Friends' reunion to Bud's Clydesdales, here are the buzziest Super Bowl ads so far
If you watch the Super Bowl for the commercials, you no longer have to wait until the big game to see what advertisers have in store for viewers
Free Stock Analysis Report: See The True Value of Any Stock
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Goodyear Tires can benefit from EVs, but not how you may think (UBER)
The Goodyear Tire and Rubber Company is benefiting from the more frequent replacement cycle required with electric vehicles, a trend that should remain in 2024
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.
What are fintech companies? (UBER)
What are fintech companies? Fintech shortens “financial technology," or the use of technology to automate and create innovative financial services.
Uber Technologies (NYSE:UBER) PT Raised to $90.00
Grab Plunges After Poor Outlook Clouds First Buyback Plan
See More Headlines
Receive UBER Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Uber Technologies and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/07/2024
Today
2/25/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
30,400
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$73.06
High Stock Price Target
$96.00
Low Stock Price Target
$43.00
Potential Upside/Downside
-6.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
29 Analysts

Profitability

Net Income
$1.89 billion
Pretax Margin
6.23%

Debt

Sales & Book Value

Annual Sales
$37.28 billion
Cash Flow
$1.36 per share
Book Value
$5.79 per share

Miscellaneous

Outstanding Shares
2,076,500,000
Free Float
1,996,760,000
Market Cap
$162.38 billion
Optionable
Optionable
Beta
1.33

Social Links

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

Key Executives

Should I Buy Uber Technologies Stock? UBER Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Uber Technologies was last updated on Wednesday, February 21, 2024 at 1:53 PM.














UBER Stock Analysis - Frequently Asked Questions

Should I buy or sell Uber Technologies stock right now?

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Uber Technologies in the last year. There are currently 2 hold ratings and 27 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" UBER shares.
View UBER analyst ratings
or view top-rated stocks.

What is Uber Technologies' stock price target for 2024?

29 Wall Street analysts have issued 12 month target prices for Uber Technologies' shares. Their UBER share price targets range from $43.00 to $96.00. On average, they anticipate the company's share price to reach $73.06 in the next year. This suggests that the stock has a possible downside of 6.6%.
View analysts price targets for UBER
or view top-rated stocks among Wall Street analysts.

How have UBER shares performed in 2024?

Uber Technologies' stock was trading at $61.57 on January 1st, 2024. Since then, UBER stock has increased by 27.0% and is now trading at $78.20.
View the best growth stocks for 2024 here
.

Are investors shorting Uber Technologies?

Uber Technologies saw a decline in short interest in January. As of January 31st, there was short interest totaling 60,100,000 shares, a decline of 16.2% from the January 15th total of 71,710,000 shares. Based on an average daily trading volume, of 31,830,000 shares, the days-to-cover ratio is presently 1.9 days.
View Uber Technologies' Short Interest
.

When is Uber Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our UBER earnings forecast
.

How were Uber Technologies' earnings last quarter?

Uber Technologies, Inc. (NYSE:UBER) released its earnings results on Wednesday, February, 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.16 by $0.50. The ride-sharing company had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.76 billion. Uber Technologies had a trailing twelve-month return on equity of 18.95% and a net margin of 5.06%. The company's quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 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 IPO on Friday, May 10th 2019. The company issued 180,000,000 shares at $44.00-$50.00 per share. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Citigroup and Allen & Company served 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.

Who are Uber Technologies' major shareholders?

Uber Technologies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.15%), Capital World Investors (1.97%), Capital Research Global Investors (1.79%), Jennison Associates LLC (1.48%), Price T Rowe Associates Inc. MD (1.28%) and Norges Bank (1.12%). Insiders that own company stock include 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:UBER) was last updated on 2/25/2024 by MarketBeat.com Staff