Wells Fargo & Company Cuts Uber Technologies (NYSE:UBER) Price Target to $100.00

Uber Technologies (NYSE:UBER) had its price objective decreased by stock analysts at Wells Fargo & Company from $102.00 to $100.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the ride-sharing company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 34.43% from the company’s current price.

Other equities analysts have also issued research reports about the stock. US Capital Advisors set a $95.00 price target on shares of Uber Technologies in a report on Monday, May 11th. Guggenheim reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Tuesday, June 9th. Needham & Company LLC reiterated a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a report on Thursday, May 7th. DA Davidson reissued a “buy” rating and set a $107.00 price target on shares of Uber Technologies in a research report on Tuesday, May 26th. Finally, BTIG Research restated a “buy” rating and set a $100.00 price target on shares of Uber Technologies in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.49.

Uber Technologies Trading Down 0.1%

NYSE UBER opened at $74.39 on Monday. The company has a market cap of $151.42 billion, a P/E ratio of 18.55, a P/E/G ratio of 6.32 and a beta of 1.12. Uber Technologies has a 12 month low of $67.19 and a 12 month high of $101.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50-day moving average of $73.09 and a 200-day moving average of $75.60.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The business had revenue of $13.20 billion for the quarter, compared to analysts’ expectations of $13.28 billion. During the same period last year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities analysts predict that Uber Technologies will post 2.95 earnings per share for the current year.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Mach 1 Financial Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $1,220,000. Teacher Retirement System of Texas grew its position in shares of Uber Technologies by 17.6% during the 4th quarter. Teacher Retirement System of Texas now owns 554,154 shares of the ride-sharing company’s stock valued at $45,280,000 after buying an additional 82,851 shares during the last quarter. Robinhood Asset Management LLC acquired a new stake in Uber Technologies during the fourth quarter worth about $10,884,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in Uber Technologies during the fourth quarter worth about $17,336,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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.