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Consumer staples vs. consumer discretionary
S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
The Battery Metal Nobody Told You About (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Is Amazon a blue chip stock?
How to find penny stocks to invest and trade 
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary
S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
The Battery Metal Nobody Told You About (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Is Amazon a blue chip stock?
How to find penny stocks to invest and trade 
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary
S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
The Battery Metal Nobody Told You About (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Is Amazon a blue chip stock?
How to find penny stocks to invest and trade 
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary

Uber Technologies Stock Price, News & Analysis (NYSE:UBER)

$60.98
+1.23 (+2.06%)
(As of 12/7/2023 ET)
Compare
Today's Range
$59.53
$61.00
50-Day Range
$40.63
$60.98
52-Week Range
$23.90
$60.99
Volume
34.40 million shs
Average Volume
22.98 million shs
Market Capitalization
$125.49 billion
P/E Ratio
124.45
Dividend Yield
N/A
Price Target
$57.03

Uber Technologies MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
6.5% Downside
$57.03 Price Target
Short Interest
Healthy
2.43% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.46mentions of Uber Technologies in the last 14 days
Based on 50 Articles This Week
Insider Trading
Selling Shares
$9.75 M Sold Last Quarter
Proj. Earnings Growth
191.89%
From $0.37 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.

2.33 out of 5 stars

Computer And Technology Sector

201st out of 591 stocks

Business Services, Not Elsewhere Classified Industry

29th out of 72 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

Uber is cruising toward the S&P 500
Uber gears up for its S&P 500 debut, spotlighting this market disruptor driven by innovative services and strong financial performance.
Uber set to join the S&P 500 index in latest sign of turnaround for the ride-hailing service
Uber is set to join the S&P 500 index later this month, the latest sign that the ride-hailing and delivery company is turning its business around after struggling through much of the pandemic
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Lyft, Grab or Uber? Which stock should you ride with?
The ridesharing industry has come a long way since its beginnings over a decade ago; the business models make sense but there's a clear leader
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Company News for Dec 5, 2023
Uber's stock surges after being added to S&P 500 index
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/14/2024

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 Target
$57.03
High Stock Price Target
$75.00
Low Stock Price Target
$41.00
Potential Upside/Downside
-6.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
30 Analysts

Profitability

Net Income
$-9,141,000,000.00
Pretax Margin
2.69%

Debt

Sales & Book Value

Annual Sales
$35.95 billion
Book Value
$4.05 per share

Miscellaneous

Outstanding Shares
2,057,858,000
Free Float
1,978,836,000
Market Cap
$125.49 billion
Optionable
Not Optionable
Beta
1.32

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UBER Stock Analysis - Frequently Asked Questions

Should I buy or sell Uber Technologies stock right now?

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Uber Technologies in the last year. There are currently 30 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 target for 2024?

30 brokerages have issued 1-year price targets for Uber Technologies' stock. Their UBER share price targets range from $41.00 to $75.00. On average, they anticipate the company's share price to reach $57.03 in the next twelve months. This suggests that the stock has a possible downside of 6.5%.
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 beginning of the year. Since then, UBER stock has increased by 146.6% and is now trading at $60.98.
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 Wednesday, February 14th 2024.
View our UBER earnings forecast
.

How were Uber Technologies' earnings last quarter?

Uber Technologies, Inc. (NYSE:UBER) released its earnings results on Tuesday, November, 7th. The ride-sharing company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by $0.03. The ride-sharing company earned $9.29 billion during the quarter, compared to the consensus estimate of $9.47 billion. Uber Technologies had a trailing twelve-month return on equity of 11.74% and a net margin of 2.93%.

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 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.

Who are Uber Technologies' major shareholders?

Uber Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Jennison Associates LLC (2.10%), Brown Advisory Inc. (0.77%), Clearbridge Investments LLC (0.66%), Northern Trust Corp (0.60%), Legal & General Group Plc (0.54%) and Sands Capital Management LLC (0.48%). 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.

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 12/8/2023 by MarketBeat.com Staff

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