BNP Paribas Upgrades Uber Technologies (NYSE:UBER) to “Strong-Buy”

Uber Technologies (NYSE:UBER) was upgraded by stock analysts at BNP Paribas to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Morgan Stanley decreased their target price on Uber Technologies from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Wolfe Research lowered their price objective on Uber Technologies from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $108.00 price objective on shares of Uber Technologies in a report on Wednesday, October 29th. Finally, Erste Group Bank downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $107.18.

Uber Technologies Stock Down 0.6%

Shares of NYSE:UBER opened at $83.91 on Wednesday. The company has a market capitalization of $174.34 billion, a PE ratio of 10.84 and a beta of 1.20. Uber Technologies has a 1 year low of $60.63 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The business has a fifty day moving average price of $85.74 and a two-hundred day moving average price of $91.15.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. Analysts forecast that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the completion of the transaction, the insider owned 175,423 shares in the company, valued at approximately $14,096,992.28. This trade represents a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 14,875 shares of company stock worth $1,348,818. 3.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company’s stock worth $18,695,502,000 after acquiring an additional 1,277,322 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after acquiring an additional 1,168,288 shares during the last quarter. Norges Bank purchased a new position in Uber Technologies in the second quarter worth about $2,348,319,000. Kingstone Capital Partners Texas LLC increased its stake in Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after acquiring an additional 19,967,705 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Uber Technologies by 1.5% during the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock worth $1,911,301,000 after acquiring an additional 297,132 shares during the last quarter. 80.24% of the stock is currently 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: BNP Paribas (reported by Zacks) upgraded Uber to a “strong-buy,” signaling increased analyst conviction. BNP Paribas upgrade (Zacks)
• Positive Sentiment: BNP Paribas Exane initiated coverage with an “outperform” stance and a $108 price target, adding another institutional endorsement that could support the stock. BNP Paribas Exane begins coverage (AmericanBankingNews)
• Positive Sentiment: BTIG reaffirmed a Buy rating with a $100 price target — another analyst signal of upside vs. current levels. BTIG reaffirms Buy $100 PT (Benzinga)
• Positive Sentiment: Kroger launched fast, nationwide delivery across nearly 2,700 stores on Uber apps, materially expanding Uber Eats/Postmates grocery reach and recurring order potential. This is a clear commercial catalyst for revenue mix and delivery growth. Kroger Launches Fast, Convenient Delivery on Uber Apps Nationwide (PRNewswire)
• Neutral Sentiment: A New York Times feature on Uber’s Japan strategy highlights long-term market expansion efforts (rural focus) — strategic positive long term but not an immediate revenue inflection. Uber’s Quest to Crack Japan (NYTimes)
• Negative Sentiment: The Los Angeles Times criticized Uber’s proposed ballot initiative as self-serving rather than consumer-friendly, a reputational and regulatory risk that could complicate local policy fights. LA Times: Uber’s ballot initiative critique
• Negative Sentiment: Bloomberg Law reported NYC claims that Uber (and DoorDash) shorted drivers about $550M in tips — a legal/regulatory/headline risk that could pressure sentiment and lead to scrutiny or costs. DoorDash, Uber drivers stiffed on $550M in tips (BloombergLaw)

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.