Uber Technologies (NYSE:UBER) Given New $105.00 Price Target at KeyCorp

Uber Technologies (NYSE:UBER) had its target price dropped by investment analysts at KeyCorp from $110.00 to $105.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the ride-sharing company’s stock. KeyCorp’s price target would suggest a potential upside of 41.24% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, July 6th. Piper Sandler upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Truist Financial raised 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. DA Davidson reiterated a “buy” rating and issued a $107.00 price objective on shares of Uber Technologies in a research note on Tuesday, May 26th. Finally, US Capital Advisors set a $95.00 target price on shares of Uber Technologies in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.18.

Uber Technologies Trading Down 0.3%

Shares of UBER opened at $74.34 on Tuesday. The business has a 50-day moving average of $72.98 and a 200 day moving average of $75.33. Uber Technologies has a fifty-two week low of $67.19 and a fifty-two week high of $101.99. The firm has a market cap of $151.33 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 6.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07.

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

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in Uber Technologies during the 3rd quarter worth approximately $25,000. Nalls Sherbakoff Group LLC bought a new position in Uber Technologies in the 4th quarter valued at $25,000. Osbon Capital Management LLC bought a new position in Uber Technologies in the 4th quarter valued at $25,000. Imprint Wealth LLC purchased a new position in shares of Uber Technologies during the 3rd quarter valued at $32,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Uber Technologies during the 4th quarter valued at $27,000. 80.24% of the stock is currently owned by institutional investors.

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.