Uber Technologies (NYSE:UBER) Earns Outperform Rating from Wedbush

Uber Technologies (NYSE:UBER)‘s stock had its “outperform” rating reiterated by Wedbush in a research note issued on Tuesday, Benzinga reports. They currently have a $91.00 price objective on the ride-sharing company’s stock. Wedbush’s target price suggests a potential upside of 20.13% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Uber Technologies in a report on Wednesday, August 19th. Guggenheim reissued a “buy” rating on shares of Uber Technologies in a report on Thursday. Sanford C. Bernstein reduced their target price on shares of Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. UBS Group lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. Finally, Wolfe Research set a $100.00 target price on shares of Uber Technologies in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued 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 company has an average rating of “Moderate Buy” and an average target price of $104.49.

Uber Technologies Stock Down 0.0%

UBER opened at $75.75 on Tuesday. The business has a 50 day moving average of $74.05 and a 200-day moving average of $73.63. The stock has a market capitalization of $154.72 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 6.00 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies has a 1-year low of $65.41 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, sell-side analysts anticipate that Uber Technologies will post 3.45 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Andrew Macdonald acquired 70,000 shares of the stock in a transaction on Friday, September 4th. The stock was purchased at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the transaction, the insider owned 426,320 shares of the company’s stock, valued at $32,327,845.60. The trade was a 19.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Uber Technologies

Hedge funds have recently modified their holdings of the stock. Cadence Bank raised its position in Uber Technologies by 1.7% in the 3rd quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after purchasing an additional 122 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Uber Technologies by 3.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock valued at $395,000 after acquiring an additional 139 shares during the period. Stonebrook Private Inc. boosted its holdings in Uber Technologies by 6.1% in the fourth quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company’s stock valued at $203,000 after acquiring an additional 143 shares during the last quarter. Avion Wealth boosted its stake in shares of Uber Technologies by 17.3% in the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock valued at $70,000 after purchasing an additional 145 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Uber Technologies by 15.8% during the first quarter. Capital Advisors Ltd. LLC now owns 1,078 shares of the ride-sharing company’s stock worth $78,000 after buying an additional 147 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

More Uber Technologies News

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

• Positive Sentiment: Uber launched supervised autonomous rides in London with Wayve and Ford, reinforcing an asset-light strategy in which Uber provides the platform and customer demand while partners supply vehicle and autonomous-driving technology. Strong free cash flow and improving EBITDA margins support the investment case. Uber’s Wayve Deal Shows How It Wants to Win Without Building Cars
• Positive Sentiment: The Wayve partnership and broader autonomous-vehicle expansion could create a long-term growth avenue without requiring Uber to manufacture cars, while analysts maintain a moderately positive consensus. Uber and Wayve Launch UK’s First Supervised Robotaxi Rides
• Positive Sentiment: Uber is reportedly moving closer to acquiring Delivery Hero’s food-delivery assets. The deal could strengthen Uber’s delivery scale and complement strong bookings and autonomous-vehicle initiatives, though financing and integration remain important considerations. Is UBER Stock a Buy as It Closes in on Delivery Hero Buyout?

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.