Wedbush Reaffirms “Outperform” Rating for Uber Technologies (NYSE:UBER)

Uber Technologies (NYSE:UBER)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a report released on Thursday,Benzinga reports. They currently have a $91.00 price objective on the ride-sharing company’s stock. Wedbush’s target price suggests a potential upside of 25.09% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Tigress Financial increased their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Citigroup restated a “market outperform” rating on shares of Uber Technologies in a research note on Monday, June 22nd. Fox Advisors raised shares of Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a report on Tuesday. Finally, Wolfe Research set a $100.00 target price on shares of Uber Technologies in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, five have issued a Hold rating and three 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 a consensus price target of $104.65.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $72.75 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies has a twelve month low of $67.19 and a twelve month high of $101.99. The stock has a 50 day moving average of $72.84 and a two-hundred day moving average of $75.21. The stock has a market cap of $148.08 billion, a P/E ratio of 18.14, a P/E/G ratio of 6.13 and a beta of 1.12.

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

Hedge Funds Weigh In On Uber Technologies

Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Uber Technologies in the fourth quarter valued at about $2,515,094,000. Marshall Wace LLP increased its position in Uber Technologies by 1,462.2% during the 4th 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. increased its position in Uber Technologies by 129.7% during the 4th 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 period. Employees Provident Fund Board purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $265,205,000. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Uber Technologies during the 1st quarter worth approximately $222,983,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber launched a public takeover offer for Delivery Hero valued at about $14.8 billion, or €41.50 per share, a transaction designed to create a much larger international delivery platform and strengthen Uber’s position against rivals like DoorDash. Uber launches $14.8 billion offer for Delivery Hero to create global platform
• Positive Sentiment: Management said the deal could roughly double Uber’s mobility and delivery markets, highlighting the strategic upside from adding Delivery Hero’s network across Europe, the Middle East, Asia, and Latin America. Dara Khosrowshahi Says $14.8 Billion Delivery Hero Deal Will Double Uber’s Mobility, Delivery Markets
• Neutral Sentiment: Reports suggest Uber has been in advanced talks for days and has already secured agreement terms with Delivery Hero, making the deal more concrete, though investors may still wait for regulatory and integration details. Uber launches $14.8 billion takeover bid for Delivery Hero
• Negative Sentiment: The acquisition is very large and could raise questions about capital allocation, execution risk, and antitrust scrutiny, especially as Uber expands more aggressively overseas. Uber nears €12.5bn deal to acquire Delivery Hero

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.