S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?

Uber Technologies (UBER) Stock Price, News & Analysis

$76.97
-1.14 (-1.46%)
(As of 03/28/2024 ET)
Today's Range
$76.90
$78.05
50-Day Range
$63.77
$81.39
52-Week Range
$29.22
$82.14
Volume
13.42 million shs
Average Volume
20.30 million shs
Market Capitalization
$159.83 billion
P/E Ratio
89.50
Dividend Yield
N/A
Price Target
$75.41

Uber Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
2.1% Downside
$75.41 Price Target
Short Interest
Healthy
2.78% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.32mentions of Uber Technologies in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$2.87 M Sold Last Quarter
Proj. Earnings Growth
68.07%
From $1.19 to $2.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.35 out of 5 stars

Computer And Technology Sector

109th out of 587 stocks

Business Services, Not Elsewhere Classified Industry

23rd out of 90 stocks

UBER stock logo

About Uber Technologies Stock (NYSE:UBER)

Uber Technologies Inc. is a San Francisco-based company providing mobility, food and package delivery services and freight transport. Uber operates in approximately 10,500 cities in 72 countries. The company sets fares based on local supply and demand at the time of booking and receives a commission from each booking. The company has 131 million monthly active users and 5.4 million active drivers and couriers worldwide. 

Uber was founded in 2009 by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp and was initially named Ubercab Inc. The idea for Uber came about after Camp and Kalanick spent a pricey $800 hiring a private driver on New Year's Eve, and Camp needed help finding a taxi on a snowy night in Paris. Camp, Oscar Salazar and Conrad Whelan built the prototype for Uber's mobile app, with Kalanick as the chief advisor to the company. Ryan Graves became the first Uber employee in February 2010 and was named CEO in May 2010. In December 2010, Kalanick succeeded Graves as CEO, and Graves became the chief operating officer. Uber's current CEO is Dara Khosrowshahi, who replaced co-founder Travis Kalanick of Uber in August 2017.

Uber debuted in San Francisco in 2011, opening its services and mobile app to the public after beta testing in May 2010. Initially, the application hailed black luxury cars, which cost about 1.5 times as much as a regular taxi. In response to San Francisco's taxi operators' objections, the company changed its name from UberCab to Uber in the same year. Uber's early team consisted of talented individuals from various fields, including a computational neuroscientist and a nuclear physicist who worked on enhancing the accuracy of Uber's car arrival predictions beyond what Google APIs offered.

In the summer of 2012, Uber rolled out UberX. This budget-friendly alternative permitted drivers to use their cars provided they passed background checks and met insurance, registration and vehicle quality standards. UberX expanded to 35 cities within a few months, demonstrating its popularity among cost-conscious riders. In August 2014, Uber extended its services by introducing Uber Eats, a food delivery platform. It also unveiled a carpooling feature in the San Francisco Bay Area, which soon spread to other cities globally, enabling passengers to share rides and save on fares.

Uber has faced legal action in several jurisdictions due to its classification of drivers as gig workers and independent contractors. Ridesharing companies like Uber have disrupted taxicab businesses and allegedly caused increased traffic congestion. Additionally, Uber has been criticized for various unethical practices, such as ignoring local regulations, some of which were revealed by the leak of the Uber Files between 2013 and 2017 under the leadership of Travis Kalanick.

In August 2016, DiDi acquired Uber's business operations in China, and in exchange, Uber obtained an 18% equity stake in DiDi. DiDi also pledged to invest $1 billion in Uber as part of the agreement. Later that year, Uber purchased Ottomotto, a startup specializing in developing autonomous trucks. The acquisition was valued at $625 million, and the founder of Ottomotto, Anthony Levandowski, was previously accused of stealing trade secrets from his former employer, Waymo, to establish the company. In the same year, Uber also bought Geometric Intelligence, the cornerstone of "Uber AI," a department dedicated to exploring and researching AI technologies and machine learning. The Uber AI project disappeared in May 2020.

Despite the controversies, Uber has committed to carbon neutrality globally by 2040, and by 2030, in most countries, rides will move exclusively to electric vehicles. The company has also formed various partnerships and acquisitions, such as with IT Taxi in Italy, Cornershop for grocery delivery and Postmates for alcohol delivery. Uber continues to expand its services and develop new offerings, such as Uber Works, Uber Green and Uber Eats. The company has recently announced plans to become an emission-free platform and is investing in self-driving cars.

UBER Stock Price History

UBER Stock News Headlines

3 Industrial Stocks Leading the Way in This ETF Breakout
Hopping on the next market trend is easier said than done. However, there is one simple and logical way to find the next winning sector in the market.
3 Industrial Stocks Leading the Way in This ETF Breakout (UBER)
Industrial stocks are leading the way higher this cycle, macroeconomic trends have been spotted by Wall Street as analysts keep boosting price targets
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Lyft Resets the Stage For Its Path to Profitability (UBER)
Rideshare operator Lyft stock has been given a second life thanks to its Q4 2023 earnings performance in which the company outlined a path to profitability
A Rising Tide Lifts These 3 Stocks Getting Upgraded
Improving analysts' sentiment is one surefire method to get a stock price moving, and Lululemon Athletica NASDAQ: LULU, Target NYSE: TGT, and Uber Technologies NYSE: UBER have that. These stocks are not only featured on Marketbeat's list of Most Upgraded Stocks, but recent activity has caused them to rise in the rankings.
A Rising Tide Lifts These 3 Stocks Getting Upgraded (UBER)
Analysts' sentiment is a powerful force for market prices; these three stocks have a rising tide of support that will drive them to new highs this year.
Wendy's Walks Back Surge Pricing Talk After Social Media Grilling (UBER)
Wendy's stock climbed after the company backed away from surge pricing after social media backlash. Revenue is slowing, but Wall Street sees upside.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Analyst Ratings For Uber Technologies
3 Stocks That Are Leaving Analysts Speechless
UBER:CA Uber Technologies, Inc.
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Today
3/28/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
30,400
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$75.41
High Stock Price Target
$96.00
Low Stock Price Target
$43.00
Potential Upside/Downside
-3.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
30 Analysts

Profitability

Net Income
$1.89 billion
Pretax Margin
6.23%

Debt

Sales & Book Value

Annual Sales
$37.28 billion
Cash Flow
$1.36 per share
Book Value
$5.84 per share

Miscellaneous

Outstanding Shares
2,076,497,000
Free Float
1,996,760,000
Market Cap
$162.20 billion
Optionable
Optionable
Beta
1.37

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Key Executives

Should I Buy Uber Technologies Stock? UBER Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Uber Technologies was last updated on Wednesday, March 27, 2024 at 11:13 PM.

Pros

Here are some ways that investors could benefit from investing in Uber Technologies, Inc.:

  • Uber Technologies, Inc. operates in various segments including Mobility, Delivery, and Freight, providing diversified revenue streams and potential for growth.
  • The company's proprietary technology applications connect consumers with a wide range of transportation options, enhancing convenience and customer reach.
  • Uber's global presence in regions like Europe, the Middle East, Africa, and Asia offers significant market expansion opportunities.
  • Recent developments have shown resilience in adapting to changing market conditions, indicating strong strategic management.
  • With a current stock price of $8,350,380.70, there is potential for capital appreciation based on market performance and company growth.

Cons

Investors should be bearish about investing in Uber Technologies, Inc. for these reasons:

  • Regulatory challenges and legal issues in various regions could impact the company's operations and profitability.
  • Competition in the ride-sharing and delivery industry is intense, leading to pricing pressures and potential market share erosion.
  • Market volatility and economic uncertainties may affect consumer spending on transportation services, impacting Uber's revenue streams.
  • Dependence on gig workers and potential labor disputes could lead to increased operational costs and disruptions in service.
  • Investing in technology companies like Uber carries inherent risks related to rapid technological advancements and changing consumer preferences.

UBER Stock Analysis - Frequently Asked Questions

Should I buy or sell Uber Technologies stock right now?

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Uber Technologies in the last twelve months. There are currently 2 hold ratings and 28 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" UBER shares.
View UBER analyst ratings
or view top-rated stocks.

What is Uber Technologies' stock price target for 2024?

30 Wall Street research analysts have issued twelve-month target prices for Uber Technologies' shares. Their UBER share price targets range from $43.00 to $96.00. On average, they expect the company's share price to reach $75.41 in the next twelve months. This suggests that the stock has a possible downside of 2.1%.
View analysts price targets for UBER
or view top-rated stocks among Wall Street analysts.

How have UBER shares performed in 2024?

Uber Technologies' stock was trading at $61.57 at the beginning of the year. Since then, UBER shares have increased by 25.0% and is now trading at $76.99.
View the best growth stocks for 2024 here
.

When is Uber Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our UBER earnings forecast
.

How were Uber Technologies' earnings last quarter?

Uber Technologies, Inc. (NYSE:UBER) released its quarterly earnings data on Wednesday, February, 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.50. The ride-sharing company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a trailing twelve-month return on equity of 18.95%. The firm's quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS.

What is Dara Khosrowshahi's approval rating as Uber Technologies' CEO?

2,159 employees have rated Uber Technologies Chief Executive Officer Dara Khosrowshahi on Glassdoor.com. Dara Khosrowshahi has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Uber Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Uber Technologies investors own include Tesla (TSLA), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS), Advanced Micro Devices (AMD), Netflix (NFLX), Block (SQ), Micron Technology (MU), Boeing (BA) and Lyft (LYFT).

When did Uber Technologies IPO?

Uber Technologies (UBER) raised $8.5 billion in an initial public offering (IPO) on Friday, May 10th 2019. The company issued 180,000,000 shares at a price of $44.00-$50.00 per share. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Citigroup and Allen & Company served as the underwriters for the IPO and RBC Capital Markets, SunTrust Robinson Humphrey, Deutsche Bank Securities, HSBC, SMBC, Mizuho Securities, Needham & Company, Loop Capital Markets, Siebert Cisneros Shank, Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial Group, Oppenheimer, Raymond James, William Blair, The Williams Capital Group and TPG Capital BD were co-managers.

Who are Uber Technologies' major shareholders?

Uber Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.07%), Vanguard Group Inc. (8.15%), Capital World Investors (1.97%), Capital Research Global Investors (1.79%), Jennison Associates LLC (1.48%) and Price T Rowe Associates Inc. MD (1.28%). Insiders that own company stock include Dara Khosrowshahi, Jill Hazelbaker, Nelson Chai and Tony West.
View institutional ownership trends
.

How do I buy shares of Uber Technologies?

Shares of UBER stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Uber Technologies have any subsidiaries?
The following companies are subsidiares of Uber Technologies: Ando, Autocab Private Hire/Taxis, Careem, Cornershop, Drizly, Geometric Intelligence, JUMP Bikes, Mighty AI, Otto, Postmates, Rasier LLC, Routematch, Swipe Labs, Uber BV, Uber International B.V., Uber International C.V., Uber NL Holdings 1 B.V., Uber Singapore Technology Pte.Ltd., and deCarta.
Read More
This page (NYSE:UBER) was last updated on 3/28/2024 by MarketBeat.com Staff

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