Uber Technologies (NYSE:UBER) Price Target Raised to $122.00

Uber Technologies (NYSE:UBER) had its target price boosted by stock analysts at Wells Fargo & Company from $120.00 to $122.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the ride-sharing company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 41.71% from the company’s current price.

A number of other brokerages have also recently weighed in on UBER. Wolfe Research dropped their price target on Uber Technologies from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday. DA Davidson raised their target price on shares of Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Barclays dropped their target price on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research report on Monday, December 29th. Finally, Guggenheim decreased their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.14.

Uber Technologies Price Performance

Uber Technologies stock traded down $0.10 during mid-day trading on Thursday, hitting $86.09. The company’s stock had a trading volume of 2,708,212 shares, compared to its average volume of 18,299,049. The stock has a market capitalization of $178.89 billion, a P/E ratio of 11.04 and a beta of 1.20. Uber Technologies has a twelve month low of $60.63 and a twelve month high of $101.99. The stock’s fifty day moving average price is $86.96 and its two-hundred day moving average price is $91.37. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. Research analysts forecast that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the transaction, the insider directly owned 175,423 shares of the company’s stock, valued at $14,096,992.28. This represents a 1.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 14,875 shares of company stock valued at $1,348,818. 3.84% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in UBER. Brant Point Investment Management LLC purchased a new position in Uber Technologies in the second quarter valued at approximately $933,000. Econ Financial Services Corp bought a new stake in shares of Uber Technologies in the third quarter valued at $1,538,000. Spirepoint Private Client LLC lifted its position in shares of Uber Technologies by 21.9% during the 3rd quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock valued at $7,331,000 after buying an additional 13,454 shares during the last quarter. Munro Partners bought a new position in shares of Uber Technologies during the 2nd quarter worth $96,294,000. Finally, Prudential PLC grew its stake in shares of Uber Technologies by 15.7% during the 2nd quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock worth $20,233,000 after acquiring an additional 29,359 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: Major robotaxi momentum: Uber, Lucid and Nuro unveiled a production-intent robotaxi at CES, have begun on‑road testing and plan commercial launches (San Francisco Bay Area this year). That advances Uber’s autonomous strategy and potential long-term margin/scale benefits. Uber, Nuro and Lucid Plan to Launch Robotaxi Service This Year
• Positive Sentiment: Market reaction to the robotaxi pivot: several outlets note shares moved up after Uber emphasized partnering fleets (Lucid/Nuro) rather than owning expensive AV hardware—this reduces capital risk and speeds commercialization. Uber Is Up After Anchoring Robotaxi Strategy On Lucid–Nuro Partner Fleets
• Positive Sentiment: Map/efficiency upgrade: Uber renewed its global maps deal with TomTom, which should improve routing precision, lower mileage/ETA error and modestly boost unit economics for rides & delivery. Uber Renews Global Maps Deal With TomTom
• Positive Sentiment: Broker bullishness: Bank of America reiterated a Buy and Jefferies called the recent pullback a buying opportunity, signaling institutional support and potential upside if AV risks remain manageable. Uber: Buy Rating Backed by Autonomous Vehicle Partnerships
• Neutral Sentiment: New product/adjacent expansion: Reports that Uber is targeting parking/SpotHero-type services show diversification potential but unclear near-term revenue impact. Uber Targeting Parking Spots With Eyes on SpotHero
• Neutral Sentiment: Options/derivative interest: Coverage of put options and volatility-focused trades signals some hedge/short activity but does not change fundamentals. This Put Option Pays Off If Uber Stock Fails To Pick Up
• Negative Sentiment: Analyst downgrades and a “strong sell” from Melius (and related coverage) have pressured the stock and highlight near-term sentiment risk—these calls cite AV uncertainty and valuation concerns. Melius Research Strong Sell / Coverage Links
• Negative Sentiment: Shareholder investigation: Berger Montague launched an inquiry into Uber’s board over oversight of rider safety and background checks, creating legal/governance risk and potential reputational/financial consequences. Berger Montague Investigation Alert

About Uber Technologies

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.