Uber Technologies (NYSE:UBER) Stock Rating Upgraded by Rosenblatt Securities

Uber Technologies (NYSE:UBER) was upgraded by Rosenblatt Securities to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

Several other brokerages have also issued reports on UBER. Wolfe Research set a $100.00 price objective on shares of Uber Technologies in a report on Friday, May 29th. Jefferies Financial Group lifted their price target on shares of Uber Technologies from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, August 10th. The Goldman Sachs Group set a $100.00 price target on shares of Uber Technologies in a research report on Monday, June 29th. Citigroup reissued a “market outperform” rating on shares of Uber Technologies in a research note on Wednesday, August 19th. Finally, Truist Financial upped their price objective on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.14.

Uber Technologies Price Performance

UBER stock opened at $76.52 on Monday. The business has a fifty day moving average of $73.97 and a two-hundred day moving average of $73.51. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market cap of $156.29 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 6.06 and a beta of 1.16. Uber Technologies has a 52-week low of $65.41 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly 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 business had revenue of $14.19 billion for 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%.The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, research analysts anticipate that Uber Technologies will post 3.39 earnings per share for the current year.

Institutional Trading of Uber Technologies

Hedge funds have recently made changes to their positions in the business. Wellington Grp LLC increased its stake in Uber Technologies by 71.9% during the 2nd quarter. Wellington Grp LLC now owns 10,401 shares of the ride-sharing company’s stock worth $751,000 after buying an additional 4,351 shares during the period. HighTower Advisors LLC boosted its position in Uber Technologies by 12.7% in the 2nd quarter. HighTower Advisors LLC now owns 874,865 shares of the ride-sharing company’s stock valued at $63,130,000 after buying an additional 98,794 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Uber Technologies in the second quarter worth $18,809,000. California State Teachers Retirement System grew its stake in shares of Uber Technologies by 6,342.7% in the second quarter. California State Teachers Retirement System now owns 199,496,278 shares of the ride-sharing company’s stock worth $14,395,651,000 after acquiring an additional 196,399,787 shares in the last quarter. Finally, Greenland Capital Management LP increased its position in shares of Uber Technologies by 420.5% during the second quarter. Greenland Capital Management LP now owns 7,750 shares of the ride-sharing company’s stock worth $559,000 after acquiring an additional 6,261 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies News Summary

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

• Positive Sentiment: Cost-cutting and restructuring: Uber plans to eliminate approximately 3,300 jobs, or 10% of its global workforce, primarily by reducing management layers and consolidating teams. Management says the savings will make the company “simpler and faster” while freeing capital for core mobility, delivery and autonomous-vehicle initiatives. Investors appeared to view the move favorably because it could improve operating efficiency and support margins. Uber to cut 10% of workforce in bid to move simpler and faster
• Positive Sentiment: Robotaxi expansion: Uber and British artificial-intelligence startup Wayve launched autonomous ride testing in London, giving Uber a presence in another major European market. The initiative strengthens Uber’s platform-based strategy of partnering with autonomous-vehicle developers rather than building the vehicles itself, potentially reducing long-term driver-related costs and broadening growth opportunities. Uber and AI-firm Wayve launch London’s first robotaxis
• Positive Sentiment: Delivery Hero deal advances: Delivery Hero’s management and supervisory boards recommended that shareholders accept Uber’s roughly $15 billion takeover offer. Approval would create one of the world’s largest food-delivery platforms and could increase scale, though the transaction remains subject to shareholder and regulatory approval. Delivery Hero board backs Uber’s $15B takeover bid

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.