Uber Technologies’ (UBER) “Buy” Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of Uber Technologies (NYSE:UBERFree Report) in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a $100.00 price objective on the ride-sharing company’s stock.

A number of other equities analysts have also recently commented on UBER. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Tigress Financial raised their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Wells Fargo & Company dropped their price objective on shares of Uber Technologies from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, July 6th. The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a research report on Monday, June 29th. Finally, Royal Bank Of Canada began coverage on Uber Technologies in a research note on Monday, May 11th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.65.

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Uber Technologies Stock Performance

Shares of UBER opened at $73.96 on Tuesday. The company has a market cap of $150.55 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 6.18 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $72.78 and a 200-day moving average price of $75.16. Uber Technologies has a 12-month low of $67.19 and a 12-month high of $101.99.

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

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds have recently made changes to their positions in UBER. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies during the third quarter valued at about $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth about $25,000. Osbon Capital Management LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth about $25,000. Imprint Wealth LLC bought a new stake in shares of Uber Technologies in the 3rd quarter valued at about $32,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $27,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies News Roundup

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

About Uber Technologies

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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.

Further Reading

Analyst Recommendations for Uber Technologies (NYSE:UBER)

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