Uber Technologies (NYSE:UBER) Raised to “Strong-Buy” at Scotiabank

Uber Technologies (NYSE:UBER) was upgraded by Scotiabank to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

Other equities analysts have also issued research reports about the company. Rosenblatt Securities started coverage on Uber Technologies in a research note on Tuesday, September 1st. They issued a “buy” rating and a $100.00 price objective for the company. BTIG Research reissued a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a research note on Thursday, September 3rd. The Goldman Sachs Group set a $100.00 price target on Uber Technologies in a report on Monday, June 29th. Weiss Ratings upgraded Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, September 4th. Finally, Bank of America reduced their price objective on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $103.03.

Uber Technologies Stock Down 2.8%

UBER opened at $71.11 on Wednesday. The stock has a market cap of $145.24 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 5.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s fifty day moving average is $74.04 and its 200 day moving average is $73.62. Uber Technologies has a fifty-two week low of $65.41 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly 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 business had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, sell-side analysts forecast that Uber Technologies will post 3.45 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Andrew Macdonald bought 70,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the transaction, the insider owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.81% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors have recently added to or reduced their stakes in UBER. BIP Wealth LLC bought a new position in Uber Technologies during the 2nd quarter worth about $1,033,000. Pacer Advisors Inc. lifted its stake in shares of 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. grew its stake in Uber Technologies by 6.1% in the first 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 during the last quarter. Mach 1 Financial Group LLC purchased a new position in Uber Technologies in the fourth quarter valued at about $1,220,000. Finally, Weiss Asset Management LP raised its holdings in Uber Technologies by 465.5% in the first quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock worth $4,497,000 after purchasing an additional 51,465 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber, WeRide and AVOMO received Spain’s first national permit for Level 4 autonomous passenger vehicles to operate on public roads. The initial Madrid deployment will include 20 vehicles, with commercial operations targeted by the end of 2026. The approval strengthens Uber’s asset-light robotaxi strategy by combining its customer platform with partners’ autonomous-driving technology and fleet operations. Spain autonomous vehicle permit article
• Positive Sentiment: Wedbush reaffirmed its “outperform” rating and $91 price target, implying substantial upside from the current trading level. The bullish view reflects confidence in Uber’s earnings growth, free-cash-flow generation and long-term autonomous-mobility opportunity. Wedbush Uber rating article
• Positive Sentiment: Uber Eats expanded its grocery network through a partnership with Wakefern, adding access to more than 375 ShopRite, Fairway Market and other supermarket locations across the U.S. Northeast. The deal broadens delivery selection and could support order growth and advertising opportunities. Uber Eats Wakefern partnership article
• Positive Sentiment: President and COO Andrew Macdonald purchased 70,000 shares for approximately $5.3 million, increasing his direct ownership by nearly 20%. The sizeable insider purchase may signal that management views the recent weakness as an attractive entry point. Uber insider purchase article
• Neutral Sentiment: Uber raised approximately €4.5 billion through its debut five-part euro bond offering. The financing provides capital for autonomous-vehicle investments and other corporate needs, but increases debt and interest expenses while investors assess the returns from the planned multiyear robotaxi spending program. Uber euro bond offering article
• Negative Sentiment: Tesla’s Cybercab commercial launch has intensified fears that Tesla could compete directly for autonomous ride demand and capture economics that Uber currently expects to access through its platform. The competitive threat helped pressure Uber shares despite improving profitability and free cash flow. Tesla Cybercab threat article

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company’s core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.