Uber Technologies (NYSE:UBER) Rating Increased to Strong-Buy at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Uber Technologies (NYSE:UBER) to a strong-buy rating in a report issued on Monday morning,Zacks reports.

Other equities analysts have also recently issued research reports about the company. Wolfe Research set a $100.00 price target on Uber Technologies in a report on Friday, May 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a report on Thursday, August 6th. Evercore reiterated an “outperform” rating and set a $150.00 target price on shares of Uber Technologies in a research report on Wednesday, August 5th. UBS Group lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.14.

Uber Technologies Stock Performance

Shares of UBER opened at $76.52 on Monday. The business has a 50-day simple moving average of $73.97 and a two-hundred day simple 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. Uber Technologies has a 52 week low of $65.41 and a 52 week high of $101.99. The stock has a market cap of $156.29 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 6.06 and a beta of 1.16.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, analysts expect that Uber Technologies will post 3.39 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UBER. Osbon Capital Management LLC bought a new position in Uber Technologies during the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $25,000. Portus Wealth Advisors LLC bought a new position in Uber Technologies in the 1st quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies in the third quarter worth $25,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Uber Technologies during the fourth quarter worth $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Uber Technologies

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.