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

Uber Technologies (NYSE:UBER) was upgraded by equities researchers at Rosenblatt Securities to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

A number of other research analysts also recently commented on the stock. Wolfe Research set a $100.00 price objective on shares of Uber Technologies in a research note on Friday, May 29th. BNP Paribas Exane cut shares of Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a report on Thursday, August 6th. Mizuho set a $112.00 price target on shares of Uber Technologies in a research report on Thursday, August 6th. Finally, Wedbush began coverage on shares of Uber Technologies in a research report on Thursday, July 16th. They set an “outperform” rating and a $91.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.14.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $76.52 on Monday. The company has a market cap of $156.29 billion, a P/E ratio of 16.82, a P/E/G ratio of 6.06 and a beta of 1.16. 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 business has a fifty day simple moving average of $73.97 and a 200-day simple moving average of $73.51.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts forecast that Uber Technologies will post 3.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at $25,000. Portus Wealth Advisors LLC purchased a new position in shares of Uber Technologies in the 1st quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies during the 3rd quarter valued at $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies during the 4th quarter valued at $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies News Roundup

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

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.