Uber Technologies (NYSE:UBER) Shares Up 5.7% – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER) shares rose 5.7% during trading on Wednesday . The stock traded as high as $75.74 and last traded at $73.6740. Approximately 33,423,743 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 19,470,869 shares. The stock had previously closed at $69.67.

Uber Technologies News Summary

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

• Positive Sentiment: Uber avoided a costly California ballot fight after Gov. Gavin Newsom signed a deal with trial lawyers, reducing legal and political overhang tied to ride-share accident litigation. Uber Avoids California Ballot War With Signed Lawyer Deal
• Positive Sentiment: BTIG reaffirmed its buy rating and set a $100 price target, signaling meaningful upside from current levels. BTIG Reaffirms Buy Rating on Uber
• Positive Sentiment: Uber Eats is expanding beyond food into everyday retail categories, which could support additional growth in deliveries and platform usage. Uber Expands Its Food Delivery Business
• Positive Sentiment: Recent commentary highlighted strong underlying performance, including 25% gross bookings growth and continued improvement in mobility and delivery, reinforcing the company’s long-term growth story. Uber’s Gross Bookings Are Up 25%
• Neutral Sentiment: Analysts noted that Uber’s robotaxi ambitions could take years to fully materialize, suggesting autonomous-vehicle upside remains a longer-term story rather than an immediate catalyst. Uber’s robotaxi vision could take years to play out
• Neutral Sentiment: Uber’s push into EV adoption among drivers faces a new hurdle: charging access is now seen as a bigger barrier than vehicle costs, which could slow electrification efforts. Charging concerns overtake costs in Uber’s electric car push
• Negative Sentiment: Some commentary continues to warn that Uber’s autonomous-vehicle strategy and AI investments may take time to pay off, which can temper enthusiasm despite strong core business trends. Uber: Why The AI Budget Blowout Won’t Stop This Growth Compounder

Analysts Set New Price Targets

UBER has been the topic of a number of analyst reports. Weiss Ratings cut shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 12th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a research report on Thursday, May 7th. Truist Financial boosted their price objective on Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $104.97.

Uber Technologies Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $154.90 billion, a P/E ratio of 18.94, a P/E/G ratio of 6.28 and a beta of 1.12. The business’s fifty day moving average price is $73.43 and its 200-day moving average price is $76.11.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business had revenue of $13.20 billion for the quarter, compared to analysts’ expectations of $13.28 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently modified their holdings of UBER. Norges Bank bought a new position in Uber Technologies during the 4th quarter worth approximately $2,515,094,000. Marshall Wace LLP boosted its holdings in shares of Uber Technologies by 1,462.2% during the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after purchasing an additional 6,264,946 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Uber Technologies by 129.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock worth $776,883,000 after purchasing an additional 5,293,822 shares during the last quarter. Employees Provident Fund Board bought a new stake in shares of Uber Technologies in the fourth quarter worth about $265,205,000. Finally, Southpoint Capital Advisors LP purchased a new position in Uber Technologies during the 1st quarter valued at about $222,983,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.