In the last three months, 34 analysts have published ratings on Uber Technologies UBER, offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 17 | 15 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 9 | 13 | 0 | 0 | 0 |
| 2M Ago | 7 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $80.65, with a high estimate of $96.00 and a low estimate of $62.00. Observing a 14.69% increase, the current average has risen from the previous average price target of $70.32.
Interpreting Analyst Ratings: A Closer Look
The standing of Uber Technologies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Bill Selesky | Argus Research | Raises | Buy | $95.00 | $69.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $85.00 | $76.00 |
| Ronald Josey | Citigroup | Raises | Buy | $91.00 | $83.00 |
| Lloyd Walmsley | UBS | Raises | Buy | $96.00 | $94.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $85.00 | - |
| Doug Anmuth | JP Morgan | Raises | Overweight | $95.00 | $84.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $92.00 | $82.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $90.00 | $77.00 |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | - |
| Justin Patterson | Keybanc | Raises | Overweight | $90.00 | $79.00 |
| Trevor Young | Barclays | Raises | Overweight | $86.00 | $63.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $76.00 | $75.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $82.00 | $69.00 |
| Ronald Josey | Citigroup | Raises | Buy | $83.00 | $75.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $85.00 | $65.00 |
| James Lee | Mizuho | Raises | Buy | $83.00 | $77.00 |
| Shyam Patil | Susquehanna | Raises | Positive | $85.00 | $60.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $79.00 | $72.00 |
| Doug Anmuth | JP Morgan | Raises | Overweight | $84.00 | $76.00 |
| Bernie McTernan | Needham | Raises | Buy | $90.00 | $71.00 |
| Bernie McTernan | Needham | Maintains | Buy | $71.00 | - |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $75.00 | $62.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $79.00 | $70.00 |
| Justin Post | B of A Securities | Raises | Buy | $73.00 | $68.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $68.00 | $58.00 |
| Robert Mollins | Gordon Haskett | Announces | Hold | $66.00 | - |
| Bernie McTernan | Needham | Raises | Buy | $71.00 | $63.00 |
| James Lee | Mizuho | Raises | Buy | $77.00 | $63.00 |
| Bernie McTernan | Needham | Maintains | Buy | $63.00 | - |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $78.00 | $59.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $78.00 | $59.00 |
| Brian Pitz | BMO Capital | Announces | Outperform | $69.00 | - |
| Anindya Das | Nomura | Raises | Neutral | $62.00 | $59.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $70.00 | $61.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Uber Technologies. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Uber Technologies compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Uber Technologies's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Uber Technologies's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Uber Technologies analyst ratings.
All You Need to Know About Uber Technologies
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month.
Financial Milestones: Uber Technologies's Journey
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Uber Technologies's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 15.44%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Uber Technologies's net margin excels beyond industry benchmarks, reaching 14.38%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Uber Technologies's ROE stands out, surpassing industry averages. With an impressive ROE of 13.87%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Uber Technologies's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.83% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.0.
Analyst Ratings: What Are They?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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