KeyCorp Issues Pessimistic Forecast for Uber Technologies (NYSE:UBER) Stock Price

Uber Technologies (NYSE:UBER) had its target price reduced by KeyCorp from $105.00 to $95.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the ride-sharing company’s stock. KeyCorp‘s target price would indicate a potential upside of 39.11% from the stock’s previous close.

UBER has been the subject of several other research reports. Arete Research downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating and set a $74.00 price objective for the company. in a research note on Thursday, September 10th. Scotiabank started coverage on Uber Technologies in a research report on Wednesday, September 9th. They set a “sector outperform” rating and a $100.00 target price on the stock. Jefferies Financial Group boosted their target price on Uber Technologies from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. DA Davidson decreased their target price on Uber Technologies from $107.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Citigroup reissued a “market outperform” rating on shares of Uber Technologies in a research report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.22.

Uber Technologies Stock Down 2.3%

UBER stock traded down $1.58 during trading on Thursday, hitting $68.29. 8,442,455 shares of the company’s stock were exchanged, compared to its average volume of 18,942,643. The business has a 50-day moving average price of $70.50 and a two-hundred day moving average price of $73.18. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $139.49 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 6.37 and a beta of 1.33. Uber Technologies has a 52-week low of $64.04 and a 52-week high of $95.18.

Uber Technologies (NYSE:UBER) last announced its quarterly 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 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 period in the prior year, the firm posted $3.11 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts expect that Uber Technologies will post 3.20 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Andrew Macdonald bought 70,000 shares of Uber Technologies stock in a transaction dated Friday, September 4th. The stock was acquired at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the acquisition, the insider owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi bought 141,000 shares of Uber Technologies stock in a transaction dated Thursday, September 10th. The stock was acquired at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the completion of the acquisition, the chief executive officer directly owned 1,367,100 shares of the company’s stock, valued at approximately $97,009,416. The trade was a 11.50% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uber Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Public Investment Fund purchased a new stake in shares of Uber Technologies during the second quarter worth approximately $5,256,173,439. Legal & General Group Plc purchased a new position in Uber Technologies in the 2nd quarter valued at $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Uber Technologies in the 2nd quarter valued at $752,151,000. Baird Financial Group Inc. grew its position in Uber Technologies by 64.4% in 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 last quarter. Finally, Fundsmith LLP acquired a new position in Uber Technologies in the 2nd quarter valued at $645,338,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

More Uber Technologies News

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

• Positive Sentiment: Uber reported third-quarter revenue of $14.77 billion, above expectations, while gross bookings grew 20% for a fifth consecutive quarter. Adjusted EPS of $0.88 also topped the $0.86 consensus, and adjusted operating income rose 38%. The large year-over-year decline in GAAP net income largely reflects unusual tax and investment items in the comparison period, rather than a comparable drop in underlying operating performance. Earnings report
• Positive Sentiment: Amazon selected Uber Eats as its U.S. restaurant-delivery partner for Prime members, who can order through Amazon’s app and website and receive fee-free delivery. The deal could expand Uber Eats’ reach and bring additional demand to its delivery business. Amazon partnership article
• Positive Sentiment: Wedbush reiterated its Outperform rating with a $91 target, Cantor Fitzgerald maintained Overweight with a $90 target, and Needham kept Buy despite reducing its target to $100 from $109. Wedbush rating
• Neutral Sentiment: Uber aims to scale its autonomous-vehicle network to about 700 fully driverless vehicles by year-end and more than 2,000 by the end of 2027. That could support longer-term growth, though commercial execution remains to be proven. Autonomous vehicle plans
• Negative Sentiment: Management’s fourth-quarter adjusted EPS outlook of $0.95–$0.99 fell short of the roughly $1.06 analyst estimate. Driver shortages, especially in international markets, and higher fuel costs are prompting greater driver incentives and could pressure margins or lead to higher rider prices. Profit outlook and cost pressures
• Negative Sentiment: Waymo plans to end its exclusive Uber robotaxi arrangement in Austin and Atlanta in January 2028, creating a potential competitive headwind in those markets. Waymo partnership article

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.