Uber Technologies (NYSE:UBER) Receives “Buy” Rating from Needham & Company LLC

Uber Technologies (NYSE:UBER)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They presently have a $109.00 price objective on the ride-sharing company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 59.80% from the stock’s current price.

A number of other brokerages have also issued reports on UBER. Evercore reiterated an “outperform” rating and issued a $150.00 price target on shares of Uber Technologies in a research note on Wednesday. Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. The Goldman Sachs Group set a $100.00 price target on Uber Technologies in a research note on Monday, June 29th. Tigress Financial lifted their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Uber Technologies in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.64.

Uber Technologies Trading Down 5.3%

Shares of NYSE:UBER opened at $68.21 on Thursday. The stock has a 50 day moving average of $71.78 and a 200 day moving average of $73.82. The company has a market cap of $138.85 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 6.58 and a beta of 1.13. Uber Technologies has a 12-month low of $65.41 and a 12-month high of $101.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities research analysts expect that Uber Technologies will post 2.99 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Uber Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the last quarter. Capital Research Global Investors raised its position in shares of Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after buying an additional 2,903,021 shares in the last quarter. Geode Capital Management LLC grew its position in Uber Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock worth $3,906,083,000 after acquiring an additional 1,602,596 shares in the last quarter. Norges Bank purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $2,515,094,000. Finally, Northern Trust Corp lifted its stake in shares of Uber Technologies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after purchasing an additional 297,132 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies News Roundup

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Strong operating growth and cash generation: Uber reported second-quarter gross bookings of approximately $58.0 billion, up 24% year over year, while trips increased 18% to 3.9 billion and monthly active platform consumers rose 16% to 208 million. Adjusted EBITDA increased 33% to $2.8 billion, operating cash flow reached $2.9 billion, and trailing free cash flow exceeded $10 billion. Uber Announces Results for Second Quarter 2026
• Positive Sentiment: Progress on autonomous mobility: Uber and Wayve received approval for supervised robotaxi rides in London, providing a potential path toward commercial autonomous services. Uber is also pursuing partnerships involving Rivian and Lucid, although the initiatives require significant investment. Wayve and Uber Move a Step Closer to Autonomous Rides in London
• Positive Sentiment: AI efficiency could support margins: Uber’s CTO said thousands of engineers now use advanced AI tools and that the company is shifting from maximizing token usage to using AI more efficiently. The CFO also said AI spending was broadly stable as Uber adopted lower-cost models and increased employee oversight of usage. Uber CTO Discusses AI Efficiency
• Neutral Sentiment: Mixed quarterly results: Adjusted EPS of $0.81 narrowly exceeded the $0.80 consensus estimate, but revenue of $14.19 billion was slightly below the $14.24 billion forecast. GAAP diluted EPS was $1.17, helped by investment revaluation gains, making the adjusted figures more relevant for assessing underlying performance. Uber Forecasts Weak Quarterly Profit
• Negative Sentiment: Below-consensus outlook: Uber forecast third-quarter adjusted EPS of $0.84-$0.88, below the $0.89 analyst estimate, and bookings of $58.25-$60.25 billion, with a midpoint slightly below expectations. Foreign-exchange pressure and slower trip growth in Brazil also weighed on the outlook.
• Negative Sentiment: Robotaxi spending raises execution and capital-allocation concerns: Uber plans to invest more than $10 billion in autonomous vehicles over coming years while also funding major acquisitions. Investors are questioning whether the spending could undermine Uber’s historically asset-light model, particularly as Waymo moves toward operating its own app and reduces reliance on Uber. Uber Doubles Down on Robotaxi Plans

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.