Uber Technologies (NYSE:UBER) Stock Price Target Cut by Canaccord Genuity Group

Uber Technologies (NYSE:UBER) had its target price cut by Canaccord Genuity Group from $72.00 to $70.00 in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the ride-sharing company’s stock. Canaccord Genuity Group‘s price target would indicate a potential upside of 2.00% from the stock’s previous close.

UBER has been the topic of several other reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Thursday. Roth Capital lowered their price target on Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Bank of America dropped their price target on Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Piper Sandler restated an “overweight” rating and issued a $100.00 price objective (down from $110.00) on shares of Uber Technologies in a report on Thursday, August 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $91.00 price objective on shares of Uber Technologies in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $101.82.

Uber Technologies Trading Down 0.2%

UBER stock traded down $0.15 on Thursday, hitting $68.63. 18,272,398 shares of the company were exchanged, compared to its average volume of 16,264,552. Uber Technologies has a twelve month low of $64.04 and a twelve month high of $95.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The business’s fifty day moving average is $70.14 and its two-hundred day moving average is $73.03. The stock has a market capitalization of $140.18 billion, a price-to-earnings ratio of 40.61, a price-to-earnings-growth ratio of 6.38 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The company had revenue of $14.77 billion for the quarter, compared to analyst estimates of $14.66 billion. During the same quarter last year, the business earned $3.11 EPS. Uber Technologies’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, research analysts forecast that Uber Technologies will post 3.14 earnings per share for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 28,170 shares of Uber Technologies stock in a transaction on Friday, September 11th. The shares were sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the transaction, the insider owned 149,525 shares in the company, valued at approximately $10,662,627.75. The trade was a 15.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dara Khosrowshahi bought 141,000 shares of Uber Technologies stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the acquisition, the chief executive officer directly owned 1,367,100 shares in the company, valued at approximately $97,009,416. This represents a 11.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Public Investment Fund purchased a new stake in shares of Uber Technologies in the second quarter worth about $5,256,173,439. Legal & General Group Plc acquired a new stake in shares of Uber Technologies in the second quarter valued at about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Uber Technologies in the second quarter valued at about $752,151,000. Baird Financial Group Inc. raised its holdings in shares of Uber Technologies by 64.4% during the 2nd quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company’s stock valued at $656,609,000 after buying an additional 3,564,073 shares during the period. Finally, Fundsmith LLP purchased a new stake in shares of Uber Technologies during the 2nd quarter valued at about $645,338,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Amazon is adding Uber Eats restaurant delivery to its U.S. Prime experience, including $0 delivery fees on qualifying orders of $25 or more. The partnership could expand Uber Eats’ reach and order volume. Amazon adds Uber food delivery perks for Prime subscribers
• Positive Sentiment: Uber reported Q3 revenue of $14.77 billion, gross bookings growth of 20%, and strong free cash flow. Adjusted earnings also edged past estimates, supporting the view that the underlying business is still growing. Uber: 3 key takeaways for long-term investors
• Neutral Sentiment: Analyst views remain divided. Wedbush reiterated Outperform and Guggenheim maintained Buy, while several firms lowered price targets; Canaccord’s $70 target and Hold rating are close to the share price. Wedbush reaffirms Outperform
• Negative Sentiment: Some analysts cut targets after the results, including Barclays ($106 to $100), KeyCorp ($105 to $95), and Canaccord ($72 to $70). These revisions may reinforce concerns about valuation and near-term upside. Analyst price-target updates
• Negative Sentiment: Uber’s CEO cited driver shortages and higher fuel costs in some international markets, which could raise incentives and constrain Mobility growth. The sharp year-over-year drop in GAAP net income has also drawn attention, despite stronger operating metrics. Uber CEO reveals a driver-supply problem
• Negative Sentiment: Commentary questioning whether expectations for future robotaxis are already reflected in Uber’s valuation adds another source of investor caution. Uber: The market is pricing tomorrow’s robotaxis into today’s earnings

Uber Technologies Company Profile

Uber Technologies, Inc operates a technology platform that connects people seeking transportation and delivery services with drivers, couriers, merchants and other providers. Its offerings include rides through the Uber app and food and grocery delivery through Uber Eats.

The company also provides logistics services through Uber Freight, which connects shippers with carriers and offers tools for managing freight transportation. Uber’s platform serves users and businesses across markets in North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.

Founded in San Francisco in 2009 as UberCab, the company expanded from ride-hailing into delivery and freight.