Cantor Fitzgerald Issues Positive Forecast for UBER Earnings

Uber Technologies, Inc. (NYSE:UBER) – Stock analysts at Cantor Fitzgerald upped their FY2026 earnings per share estimates for Uber Technologies in a research note issued on Wednesday, November 5th. Cantor Fitzgerald analyst D. Mathivanan now expects that the ride-sharing company will post earnings of $3.28 per share for the year, up from their prior estimate of $3.27. Cantor Fitzgerald currently has a “Overweight” rating and a $108.00 target price on the stock. The consensus estimate for Uber Technologies’ current full-year earnings is $2.54 per share.

A number of other brokerages have also issued reports on UBER. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 target price (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Susquehanna reaffirmed a “positive” rating and set a $110.00 target price on shares of Uber Technologies in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a report on Tuesday. DA Davidson boosted their price objective on Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday. Finally, BTIG Research reissued a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.26.

Uber Technologies Stock Down 2.0%

Shares of NYSE UBER opened at $92.75 on Thursday. Uber Technologies has a 1 year low of $59.33 and a 1 year high of $101.99. The firm has a market cap of $193.42 billion, a price-to-earnings ratio of 11.92 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.11 and a current ratio of 1.15. The stock’s 50-day simple moving average is $95.57 and its 200-day simple moving average is $90.94.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the transaction, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 604,946 shares of company stock valued at $58,950,116 over the last 90 days. Corporate insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Johnson Investment Counsel Inc. acquired a new position in Uber Technologies in the third quarter valued at approximately $219,000. Prospera Financial Services Inc boosted its stake in Uber Technologies by 5.6% in the third quarter. Prospera Financial Services Inc now owns 146,796 shares of the ride-sharing company’s stock valued at $14,381,000 after acquiring an additional 7,774 shares during the period. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new position in Uber Technologies in the third quarter valued at approximately $1,020,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co boosted its stake in Uber Technologies by 17.2% in the third quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 55,838 shares of the ride-sharing company’s stock valued at $5,222,000 after acquiring an additional 8,191 shares during the period. Finally, Western Wealth Management LLC boosted its stake in Uber Technologies by 65.2% in the third quarter. Western Wealth Management LLC now owns 42,150 shares of the ride-sharing company’s stock valued at $4,129,000 after acquiring an additional 16,634 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.