Rosenblatt Securities Begins Coverage on Uber Technologies (NYSE:UBER)

Analysts at Rosenblatt Securities initiated coverage on shares of Uber Technologies (NYSE:UBER) in a report released on Tuesday, Benzinga reports. The firm set a “buy” rating and a $100.00 price target on the ride-sharing company’s stock. Rosenblatt Securities’ price target indicates a potential upside of 32.26% from the stock’s previous close.

Several other research firms have also recently issued reports on UBER. Jefferies Financial Group raised their price objective on Uber Technologies from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Fox Advisors upgraded Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. BNP Paribas Exane downgraded Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. raised their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Uber Technologies in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.14.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $75.61 on Tuesday. The company has a 50-day simple moving average of $73.80 and a 200-day simple moving average of $73.44. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $154.44 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 6.35 and a beta of 1.13. Uber Technologies has a 12 month low of $65.41 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts anticipate that Uber Technologies will post 3.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in UBER. BIP Wealth LLC purchased a new stake in shares of Uber Technologies during the second quarter worth about $1,033,000. Pacer Advisors Inc. increased its holdings in Uber Technologies by 23.7% during the 1st quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock worth $370,641,000 after purchasing an additional 985,989 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Uber Technologies by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock valued at $37,025,000 after purchasing an additional 29,587 shares in the last quarter. Mach 1 Financial Group LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at approximately $1,220,000. Finally, Weiss Asset Management LP grew its position in shares of Uber Technologies by 465.5% during the first quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock worth $4,497,000 after buying an additional 51,465 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating, citing Uber’s potentially undervalued core mobility business, continued growth, strong cash generation and a lengthy runway before autonomous vehicles materially disrupt the business. Analyst Initiates Buy on Uber
• Positive Sentiment: Coverage of Uber’s Dubai robotaxi launch suggests the company could benefit as an aggregator and distribution platform for multiple autonomous-vehicle operators rather than having to develop every vehicle itself. Uber Stock: Dubai Robotaxi Launch
• Positive Sentiment: Uber defeated Simon & Simon’s “sham litigation” claims stemming from a RICO dispute, reducing a potentially costly legal overhang. Uber Defeats Simon & Simon Claims
• Positive Sentiment: Uber’s AI usage reportedly increased more than ninefold while overall spending remained flat, a development that could improve operating efficiency and margins as computing costs decline. Uber AI Budget and Efficiency
• Neutral Sentiment: Uber partnered with Turkey’s Bin Ulasim to modernize taxi services with an electric-vehicle focus, potentially expanding its mobility ecosystem, although the immediate financial impact is unclear. Uber Turkey Taxi Partnership
• Negative Sentiment: The main pressure remains Uber’s third-quarter guidance, which called for gross bookings of $58.25 billion to $60.25 billion and adjusted EPS of $0.84 to $0.88. Investors had viewed the outlook as less robust than hoped after second-quarter revenue came in slightly below expectations.
• Negative Sentiment: Broader risk-off trading, geopolitical tensions and higher oil prices are weighing on higher-beta growth stocks and may be amplifying selling in Uber.
• Negative Sentiment: Uber President Andrew Macdonald’s prediction that autonomous vehicles could eliminate the need for driver’s licenses and car ownership within 15–20 years highlights the long-term threat to the company’s driver-based model, even as Uber seeks to participate in the transition. Uber Executive on Autonomous Vehicles

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.