Uber Technologies’ (UBER) Buy Rating Reiterated at Guggenheim

Uber Technologies (NYSE:UBER)‘s stock had its “buy” rating reiterated by analysts at Guggenheim in a report issued on Friday, Benzinga reports. They presently have a $125.00 price target on the ride-sharing company’s stock. Guggenheim’s price objective would indicate a potential upside of 75.38% from the company’s current price.

A number of other research analysts have also recently commented on UBER. Arete Research set a $74.00 price target on Uber Technologies and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a research note on Thursday, August 6th. Citigroup reaffirmed a “market outperform” rating 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 report on Wednesday, September 30th. Finally, DA Davidson reduced their price objective on shares of Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.11.

Uber Technologies Price Performance

Uber Technologies stock opened at $71.27 on Friday. The stock’s fifty day moving average price is $73.19 and its two-hundred day moving average price is $72.91. Uber Technologies has a one year low of $65.41 and a one year high of $100.35. 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 firm has a market cap of $145.58 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 5.91 and a beta of 1.27.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, research analysts expect that Uber Technologies will post 3.20 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Andrew Macdonald bought 70,000 shares of the business’s stock in a transaction on Friday, September 4th. The stock was purchased at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the purchase, the insider directly owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dara Khosrowshahi bought 141,000 shares of Uber Technologies stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.81% of the company’s stock.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Nalls Sherbakoff Group LLC acquired a new stake in Uber Technologies in the fourth quarter valued at about $25,000. Osbon Capital Management LLC acquired a new position in Uber Technologies during the fourth quarter worth about $25,000. Portus Wealth Advisors LLC acquired a new position in Uber Technologies during the first quarter worth about $25,000. Dunhill Financial LLC acquired a new position in Uber Technologies during the second quarter worth about $28,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Uber Technologies in the second quarter worth about $29,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Company Profile

Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.

Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.