Wedbush Initiates Coverage on Uber Technologies (NYSE:UBER)

Stock analysts at Wedbush initiated coverage on shares of Uber Technologies (NYSE:UBER) in a report released on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $91.00 price target on the ride-sharing company’s stock. Wedbush’s target price suggests a potential upside of 25.43% from the company’s current price.

Several other research firms have also commented on UBER. Royal Bank Of Canada started coverage on shares of Uber Technologies in a research report on Monday, May 11th. They set an “outperform” rating for the company. TD Cowen initiated coverage on shares of Uber Technologies in a research report on Monday, May 11th. They set a “hold” rating on the stock. HSBC cut shares of Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. Wolfe Research set a $100.00 price target on shares of Uber Technologies in a report on Friday, May 29th. Finally, Fox Advisors upgraded Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.65.

Uber Technologies Stock Down 2.0%

Shares of UBER opened at $72.55 on Thursday. 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 stock has a market capitalization of $147.69 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 6.26 and a beta of 1.12. Uber Technologies has a 1 year low of $67.19 and a 1 year high of $101.99. The business’s 50 day simple moving average is $72.72 and its 200-day simple moving average is $75.14.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. During the same period last year, the firm posted $0.83 earnings per share. Uber Technologies’s revenue for the quarter was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities analysts expect that Uber Technologies will post 2.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UBER. Measured Wealth Private Client Group LLC bought a new position in Uber Technologies during the 3rd quarter valued at about $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $25,000. Imprint Wealth LLC purchased a new stake in shares of Uber Technologies in the third quarter worth approximately $32,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $27,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies News Summary

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Uber’s acquisition of Delivery Hero would nearly double its global food-delivery reach and expand operations to about 99 markets, raising the company’s long-term growth potential. Uber agrees to buy Delivery Hero in $14.8 billion deal to expand global food delivery business (UBER)
• Positive Sentiment: Analysts said the deal could improve cross-selling, increase engagement with Uber One, and strengthen Uber’s cross-platform strategy by combining mobility and delivery services. Uber’s Delivery Hero deal could strengthen cross-platform strategy
• Positive Sentiment: UBS and other analysts suggested the acquisition could boost growth and profitability by giving Uber more scale in international delivery markets. Uber Technologies’ Delivery Hero Deal Could Boost Growth, Profit, UBS Says
• Positive Sentiment: Uber also received upbeat earnings estimate revisions, with Erste Group Bank raising FY2026 and FY2027 EPS forecasts, which reinforces optimism around the company’s profit outlook. Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
• Neutral Sentiment: Uber also expanded Uber Eats partnerships with GameStop and Foot Locker, showing continued diversification beyond restaurant delivery, though these moves are smaller than the Delivery Hero transaction. GameStop (GME) Joins Uber Eats For On Demand Delivery Nationwide

Uber Technologies Company Profile

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.