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Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom

Uber Technologies (UBER) Stock Price, News & Analysis

$71.92
-2.21 (-2.98%)
(As of 04/17/2024 ET)
Today's Range
$71.04
$75.62
50-Day Range
$68.98
$81.39
52-Week Range
$29.22
$82.14
Volume
15.36 million shs
Average Volume
19.53 million shs
Market Capitalization
$149.69 billion
P/E Ratio
83.63
Dividend Yield
N/A
Price Target
$78.21

Uber Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.94 Rating Score
Upside/​Downside
8.7% Upside
$78.21 Price Target
Short Interest
Healthy
2.60% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.19mentions of Uber Technologies in the last 14 days
Based on 47 Articles This Week
Insider Trading
Selling Shares
$2.87 M Sold Last Quarter
Proj. Earnings Growth
67.50%
From $1.20 to $2.01 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.

4.52 out of 5 stars

Computer And Technology Sector

94th out of 590 stocks

Business Services, Not Elsewhere Classified Industry

16th 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

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Company Calendar

Last Earnings
2/07/2024
Today
4/17/2024
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
$78.21
High Stock Price Target
$100.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+5.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
31 Analysts

Profitability

Net Income
$1.89 billion
Pretax Margin
6.23%

Debt

Sales & Book Value

Annual Sales
$37.28 billion
Cash Flow
$1.37 per share
Book Value
$5.84 per share

Miscellaneous

Outstanding Shares
2,081,390,000
Free Float
2,002,298,000
Market Cap
$154.29 billion
Optionable
Optionable
Beta
1.36

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Key Executives

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

Pros

Here are some ways that investors could benefit from investing in Uber Technologies, Inc.:

  • Uber's diversified business model across Mobility, Delivery, and Freight segments provides exposure to various revenue streams and markets, reducing dependency on a single sector.
  • Recent partnerships and expansions in different regions indicate growth potential and market penetration opportunities for Uber Technologies, Inc.
  • Strong brand recognition and customer loyalty in the ride-sharing industry contribute to a competitive advantage for the company.
  • Technological innovation and investment in proprietary applications enhance operational efficiency and customer experience, potentially driving long-term growth.
  • Current stock price valuation may present an attractive entry point for investors seeking potential capital appreciation.

Cons

Investors should be bearish about investing in Uber Technologies, Inc. for these reasons:

  • Regulatory challenges and legal uncertainties in the ride-sharing industry could impact Uber's operations and profitability.
  • Intense competition from other ride-sharing and delivery service providers may lead to pricing pressures and market share erosion for Uber Technologies, Inc.
  • Volatility in the global economic environment and changing consumer preferences could affect the demand for Uber's services, impacting revenue growth.
  • High dependence on gig workers and potential labor disputes may pose risks to Uber's business model and operational costs.
  • Market fluctuations and macroeconomic factors could influence investor sentiment towards Uber Technologies, Inc., leading to stock price volatility.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Uber Technologies pros and cons to contact@marketbeat.com.

UBER Stock Analysis - Frequently Asked Questions

Should I buy or sell Uber Technologies stock right now?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Uber Technologies in the last year. There are currently 2 hold ratings and 29 buy ratings for the stock. The consensus among Wall Street 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?

31 analysts have issued 12-month price targets for Uber Technologies' shares. Their UBER share price targets range from $43.00 to $100.00. On average, they expect the company's share price to reach $78.21 in the next year. This suggests a possible upside of 8.7% 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 2024?

Uber Technologies' stock was trading at $61.57 at the start of the year. Since then, UBER shares have increased by 16.8% and is now trading at $71.92.
View the best growth stocks for 2024 here
.

When is Uber Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our UBER earnings forecast
.

How can I listen to Uber Technologies' earnings call?

Uber Technologies will be holding an earnings conference call on Wednesday, May 8th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Uber Technologies' earnings last quarter?

Uber Technologies, Inc. (NYSE:UBER) released its quarterly earnings data 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 earned $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a trailing twelve-month return on equity of 18.95%. The company's revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous 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 Technologies (UBER) raised $8.5 billion in an 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 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 variety of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.03%), Hodges Capital Management Inc. (0.03%), Douglas Lane & Associates LLC (0.03%), Czech National Bank (0.02%), Gateway Investment Advisers LLC (0.01%) and ST Germain D J Co. Inc. (0.01%). 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.
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This page (NYSE:UBER) was last updated on 4/17/2024 by MarketBeat.com Staff

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