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Top-Rated Stocks   Most-Upgraded Stocks  
NYSE:UBER

Uber Technologies - UBER Stock Forecast, Price & News

$30.17
-0.45 (-1.47%)
(As of 03/28/2023 01:40 PM ET)
Add
Compare
Today's Range
$30.16
▼
$30.86
50-Day Range
$28.96
▼
$36.83
52-Week Range
$19.90
▼
$37.58
Volume
10.27 million shs
Average Volume
24.51 million shs
Market Capitalization
$60.64 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$47.19

Uber Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
55.9% Upside
$47.19 Price Target
Short Interest
Healthy
2.25% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.58mentions of Uber Technologies in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$268,938 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.26) to $0.59 Per Share

Overall MarketRank™

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

2.69 out of 5 stars

Computer And Technology Sector

119th out of 616 stocks

Business Services, Not Elsewhere Classified Industry

22nd out of 93 stocks

See Top Rated MarketRank™ Stocks Here

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.

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UBER Stock News Headlines

March 13, 2023 | marketbeat.com
Here's 2 Beaten Down Stocks to Help Your Portfolio Recovery
Let's face it, 2022 was an ugly year for the stock market, with the NASDAQ 100 falling (32.58%) and the S&P 500 falling (18.17%). Individual stocks performed
March 28, 2023 | finance.yahoo.com
Lyft Stock Rises After New CEO Is Named. ‘All Options Now on Table,’ Says Analyst.
March 28, 2023 | Weiss Ratings (Ad)
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
March 28, 2023 | finance.yahoo.com
Lyft’s New Boss Quickly Loses His Signing Bonus
March 28, 2023 | finance.yahoo.com
Ride-hailer Careem in advanced talks with UAE's e& for Super App investment - sources
March 28, 2023 | ca.finance.yahoo.com
Lyft shares jump as Wall Street welcomes CEO change
March 28, 2023 | americanbankingnews.com
Uber Technologies, Inc. (NYSE:UBER) Receives Average Rating of "Moderate Buy" from Analysts
March 28, 2023 | msn.com
New Lyft CEO: ‘I don’t think of this as just an Uber battle. It’s a battle against staying at home.’
March 28, 2023 | The Oxford Club (Ad)
JP Morgan analyst: Oil to hit $380 per barrel
JP Morgan analysts have pegged the future price of oil at $380 per barrel. That would send oil companies skyrocketing. But there is one investment set to outperform all the rest.
March 27, 2023 | fool.com
Uber Eats Cracks Down on Virtual Brands
March 27, 2023 | finance.yahoo.com
Lyft Overhauls Management, Names New CEO
March 27, 2023 | finance.yahoo.com
Lyft Hires New CEO as Founders Step Back Amid Struggles With Competition
March 27, 2023 | msn.com
Brokers Suggest Investing in Uber (UBER): Read This Before Placing a Bet
March 27, 2023 | benzinga.com
Uber Eats Cleanup: Company To Pull Off 5K Virtual Brands To Prevent Menu Duplication
March 27, 2023 | fortune.com
Uber Eats' menu is about to be a lot less crowded
March 27, 2023 | finance.yahoo.com
Uber Eats to Take Down Thousands of Virtual Brands to Declutter the App
March 27, 2023 | wsj.com
Uber Eats to Take Down Thousands of Virtual Brands
March 24, 2023 | finance.yahoo.com
Why Netflix is a top tech pick, according to one analyst
March 24, 2023 | finance.yahoo.com
When Will Uber Technologies, Inc. (NYSE:UBER) Become Profitable?
March 23, 2023 | benzinga.com
What Do Twitter, Uber And Cannabis Have In Common? An Unexpected Encounter, From Tweets To Treats
March 23, 2023 | bloomberg.com
With Zero-Commission Ride Hailing, India’s ONDC Jolts Uber, Ola
March 23, 2023 | finance.yahoo.com
India govt's open e-commerce network ONDC expands into mobility
March 23, 2023 | finance.yahoo.com
12 Best TaaS Stocks to Buy Now
March 22, 2023 | seekingalpha.com
Uber: Robotaxis Could Help Avoid Future Labor Issues
March 22, 2023 | seekingalpha.com
Uber Technologies Is A Buy. Lyft Not So Much
March 21, 2023 | seekingalpha.com
Uber: Wall Street Is Sleeping On This Margin Story
March 21, 2023 | nasdaq.com
Guru Fundamental Report for UBER
See More Headlines
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UBER Company Calendar

Last Earnings
2/08/2023
Today
3/28/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:UBER
CUSIP
N/A
CIK
1543151
Web
www.uber.com
Phone
(415) 612-8582
Fax
N/A
Employees
32,800
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$47.19
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+54.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
29 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($4.69)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-9,141,000,000.00
Net Margins
-28.68%
Pretax Margin
-29.57%
Return on Equity
-114.18%
Return on Assets
-28.78%

Debt

Debt-to-Equity Ratio
1.15
Current Ratio
1.04
Quick Ratio
1.04

Sales & Book Value

Annual Sales
$31.88 billion
Price / Sales
1.93
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$4.05 per share
Price / Book
7.56

Miscellaneous

Outstanding Shares
2,009,910,000
Free Float
1,928,305,000
Market Cap
$61.54 billion
Optionable
Not Optionable
Beta
1.22

Social Links


Key Executives

  • Dara KhosrowshahiDara Khosrowshahi
    Chief Executive Officer & Director
  • Nelson J. Chai
    Chief Financial Officer
  • Latha Maripuri
    Chief Information Security Officer
  • Sundeep Jain
    Chief Product Officer & Senior VP-Engineering
  • Dianna Renea Jones
    Director-Legal & Compliance

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













UBER Stock - 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 twelve months. There are currently 2 hold ratings and 27 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?

29 Wall Street research analysts have issued twelve-month target prices for Uber Technologies' shares. Their UBER share price forecasts range from $32.00 to $70.00. On average, they expect the company's share price to reach $47.19 in the next twelve months. This suggests a possible upside of 54.1% 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 beginning of the year. Since then, UBER shares have increased by 23.8% and is now trading at $30.62.
View the best growth stocks for 2023 here.

Are investors shorting Uber Technologies?

Uber Technologies saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 45,260,000 shares, a drop of 18.7% from the February 28th total of 55,690,000 shares. Based on an average daily volume of 24,180,000 shares, the days-to-cover ratio is currently 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 Wednesday, May 3rd 2023.
View our UBER earnings forecast.

How were Uber Technologies' earnings last quarter?

Uber Technologies, Inc. (NYSE:UBER) posted its earnings results on Wednesday, February, 8th. The ride-sharing company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.50. The ride-sharing company had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.51 billion. Uber Technologies had a negative net margin of 28.68% and a negative trailing twelve-month return on equity of 114.18%. The business's revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 EPS.

What ETFs hold Uber Technologies' stock?

ETFs with the largest weight of Uber Technologies (NYSE:UBER) stock in their portfolio include iShares U.S. Transportation ETF (IYT), ProShares On-Demand ETF (OND), Direxion Daily Transportation Bull 3X Shares (TPOR), ETFMG Travel Tech ETF (AWAY), Franklin Disruptive Commerce ETF (BUYZ), Global X Millennials Consumer ETF (MILN), Neuberger Berman Disrupters ETF (NBDS) and Invesco NASDAQ Internet ETF (PNQI).

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 a number of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (2.36%), Norges Bank (1.18%), Fisher Asset Management LLC (1.01%), Geode Capital Management LLC (1.00%), Clearbridge Investments LLC (0.82%) and Sands Capital Management LLC (0.76%). Insiders that own company stock include Cayman 2 Ltd Sb, Dara Khosrowshahi, Garrett Camp, Jill Hazelbaker, Robert Eckert 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 $30.62.

How much money does Uber Technologies make?

Uber Technologies (NYSE:UBER) has a market capitalization of $61.54 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 ($4.69) 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 3/28/2023 by MarketBeat.com Staff