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Stock market today: World shares are mostly higher after S&P 500 sets another record
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Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider

Uber Technologies (UBER) Stock Price, News & Analysis

$78.11
+0.20 (+0.26%)
(As of 03/27/2024 ET)
Today's Range
$76.85
$79.00
50-Day Range
$63.77
$81.39
52-Week Range
$29.22
$82.14
Volume
13.15 million shs
Average Volume
14.76 million shs
Market Capitalization
$162.20 billion
P/E Ratio
90.83
Dividend Yield
N/A
Price Target
$75.41

Uber Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
3.5% 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 35 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.

4.34 out of 5 stars

Computer And Technology Sector

109th out of 588 stocks

Business Services, Not Elsewhere Classified Industry

23rd out of 91 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

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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
3/27/2024
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
-3.6%
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
$1.34 per share
Book Value
$5.84 per share

Miscellaneous

Outstanding Shares
2,076,500,000
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 Sunday, March 24, 2024 at 3:23 PM.

Pros

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

  • Uber Technologies reported a strong EPS of $0.66 for the last quarter, surpassing analysts' estimates by a significant margin. This indicates a positive financial performance.
  • Uber Technologies has a diverse range of services including Mobility, Delivery, and Freight segments, providing investors exposure to various sectors within the transportation industry.
  • Recent institutional investments in Uber Technologies, such as the acquisition of 54,455 shares by the Employees Retirement System of Texas, demonstrate confidence from large investors in the company's future growth potential.
  • Uber Technologies has a market capitalization of $163.42 billion, indicating its position as a major player in the market with potential for further growth.
  • With a 1-year high of $82.14, Uber Technologies has shown strong price performance, offering potential for capital gains to investors.

Cons

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

  • Uber Technologies has a high PE ratio of 91.52, which may indicate that the stock is overvalued compared to its earnings, potentially leading to lower returns for investors.
  • The company's debt-to-equity ratio of 0.79 suggests a significant reliance on debt financing, which can pose risks in case of economic downturns or rising interest rates.
  • Uber Technologies' stock price has experienced volatility, with a 1-year low of $29.22, indicating potential risks for investors in terms of price fluctuations.
  • The beta of 1.37 for Uber Technologies implies higher volatility compared to the market average, which may lead to greater price swings and risk for investors.
  • Despite recent positive earnings, Uber Technologies' price-to-earnings-growth ratio of 1.29 may suggest limited growth potential relative to its current valuation.

UBER Stock Analysis - Frequently Asked Questions

Should I buy or sell Uber Technologies stock right now?

30 Wall Street equities 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 equities 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 12 month price objectives for Uber Technologies' shares. Their UBER share price targets range from $43.00 to $96.00. On average, they expect the company's stock price to reach $75.41 in the next year. This suggests that the stock has a possible downside of 3.5%.
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 stock has increased by 26.9% and is now trading at $78.11.
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) posted its quarterly earnings data on Wednesday, February, 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. The ride-sharing company earned $9.94 billion during 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%. Uber Technologies's quarterly revenue was up 15.4% on a year-over-year basis. During the same period last 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 IPO on Friday, May 10th 2019. The company issued 180,000,000 shares at $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 a variety of 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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