Uber Technologies (NYSE:UBER) Stock Price Target Lowered at Needham & Company LLC

Uber Technologies (NYSE:UBER) had its price target trimmed by Needham & Company LLC from $109.00 to $100.00 in a research note released on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the ride-sharing company’s stock.

Several other research analysts also recently weighed in on UBER. Barclays dropped their target price on shares of Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Citizens Jmp restated a “market outperform” rating and issued a $100.00 price target on shares of Uber Technologies in a research report on Wednesday, October 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Uber Technologies in a research note on Wednesday, September 30th. Mizuho set a $112.00 price objective on shares of Uber Technologies and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets set a $119.00 price objective on shares of Uber Technologies in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $101.82.

Uber Technologies Stock Performance

UBER opened at $68.78 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.23 and a debt-to-equity ratio of 0.55. The firm has a market cap of $140.48 billion, a PE ratio of 40.70, a P/E/G ratio of 6.68 and a beta of 1.33. The business has a fifty day simple moving average of $70.30 and a 200-day simple moving average of $73.10. Uber Technologies has a fifty-two week low of $64.04 and a fifty-two week high of $95.18.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, November 4th. The ride-sharing company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. Uber Technologies had a return on equity of 21.37% and a net margin of 6.13%. The business had revenue of $14.77 billion during the quarter, compared to the consensus estimate of $14.66 billion. During the same period in the prior year, the business posted $3.11 earnings per share. Uber Technologies’s revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts predict that Uber Technologies will post 3.20 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the transaction, the insider owned 149,525 shares in the company, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi bought 141,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was bought at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the transaction, the chief executive officer owned 1,367,100 shares in the company, valued at approximately $97,009,416. This represents a 11.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Pictet Asset Management Holding SA increased its stake in shares of Uber Technologies by 2.9% during the 3rd quarter. Pictet Asset Management Holding SA now owns 3,342,977 shares of the ride-sharing company’s stock worth $229,027,000 after purchasing an additional 94,508 shares during the last quarter. Formidable Asset Management LLC lifted its stake in shares of Uber Technologies by 5.2% in the 3rd quarter. Formidable Asset Management LLC now owns 24,653 shares of the ride-sharing company’s stock valued at $1,779,000 after purchasing an additional 1,222 shares during the last quarter. Guidance Capital Inc. lifted its stake in shares of Uber Technologies by 2.3% in the 3rd quarter. Guidance Capital Inc. now owns 16,387 shares of the ride-sharing company’s stock valued at $1,093,000 after purchasing an additional 376 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Uber Technologies by 279.5% in the third quarter. International Assets Investment Management LLC now owns 40,000 shares of the ride-sharing company’s stock worth $2,740,000 after purchasing an additional 29,460 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in Uber Technologies by 4.8% in the third quarter. Kestra Private Wealth Services LLC now owns 182,404 shares of the ride-sharing company’s stock worth $12,496,000 after purchasing an additional 8,392 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Strong underlying growth and cash flow: Q3 gross bookings rose 20% for a fifth consecutive quarter. Adjusted EPS of $0.88 beat estimates, while non-GAAP operating income climbed 38%; reports also highlighted strong free cash flow. The sharp decline in GAAP net income largely reflects unusual tax and investment-related comparisons, rather than a comparable drop in core operating performance. Uber’s Profit Drop: A Speed Bump or Structural Shift?
• Positive Sentiment: Amazon distribution deal expands Eats reach: U.S. Prime members can order Uber Eats through Amazon’s website or app, with $0 delivery fees on qualifying orders of $25 or more. The partnership could bring Uber Eats more customers and orders. Amazon ditches Grubhub, taps Uber Eats for Prime
• Neutral Sentiment: Analysts remain broadly positive, but trimmed targets: Several firms lowered price targets after results while maintaining Buy or Overweight ratings, indicating continued optimism tempered by near-term execution concerns. Uber Q3 Mobility Miss On High Fuel Prices; Delivery, AV Momentum Intact
• Negative Sentiment: Near-term profit outlook disappointed: Q4 adjusted EPS guidance of $0.95–$0.99 came in below the roughly $1.06 analyst expectation. Mobility bookings and trips were constrained by driver shortages and high fuel costs, particularly in some international markets, with higher driver incentives adding pressure. Uber’s profit forecast disappoints as driver shortages, Middle East conflict hurt
• Negative Sentiment: Longer-term robotaxi competition risk: Waymo plans to end its exclusive Uber arrangement in Austin and Atlanta in January 2028, reducing Uber’s role in booking those rides. Waymo confirms it will split with Uber in January 2028

About Uber Technologies

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.